Jet lenders extend EoI date
The HinduThe debt resolution process of Jet Airways suffered a setback on Wednesday with many prospective investors staying away from submitting expression of interest before the deadline. Accordingly, to allow better participation in the process, the domestic lenders have agreed for extension timeline for submission of EoIs,” SBI Caps said in a statement. This has been changed to “restructuring of the existing facilities and infusion of funds by way of loans or acquisition/subscription of up to 75% of equity share capital of the company.” SBI Caps has also made it clear that binding bids must be submitted by April 30, 2019. IOC stops ATF supply Indian Oil Corporation resumed the supply of aviation turbine fuel to Jet Airways after the airline made some payment.
History of this topic
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Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Firstpost)
Jet Aiways revival: Grounded airline's lenders to issue fresh EoIs; creditors’ panel extends resolution plans deadline to 9 March
Firstpost
Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
Firstpost)
Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug
Firstpost
Deadline to submit expressions of interest in Jet Airways extended to 10 August
Live Mint
Clarity on Jet Airways expected in a week, says SBI chief Rajnish Kumar
Live Mint
Jet Airways to seek interim funding from lenders on Monday
Live Mint)
Jet Airways stake sale: Etihad, TPG Capital among five companies submit EoIs to acquire crisis-hit airline shares
Firstpost
Jet Airways debt-recast plan: Bidding process for cash-strapped airline likely to begin from today
Firstpost
Jet Airways bailout plan to be finalized in a week: SBI official
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