Jet Airways lenders to pursue bank-led resolution plan for sale

Jet Airways

New Delhi, April 4 : The Lenders of Jet Airways (India) Limited met today and decided to pursue bank-led resolution plan for sale of stake in the company in a time-bound manner under present legal and regulatory framework and intend to invite expressions of interest.

Jet airways is currently operating a fleet of 26 planes and the airline right now fulfills the criteria for operating on international routes.

It’ll be invited on 6 April and will need to be submitted by 9 April.
The Lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on sale of stake in the Company.

Whilst all efforts will be made for the stake sale by the Lenders, other options may be considered by the Lenders should these efforts not result in an acceptable outcome.

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