Jet Airways lends 'Reasonably Hope' from a successful bid for a grounded airline

India's jet lender, Jet Airways Ltd., said on Thursday that "there is enough hope" that the bidding process for airlines with airlines will be completely ended.

Jet Airways, India's largest private airline, on Wednesday evening, halted the flight operations indefinitely after the lender, led by the Bank of India, refused to expand its funding. More to continue

Service providers carrying the bank's debt of approximately $ 1.2 billion have been gradual for several weeks after not receiving a loan. Stop the gap of approximately $ 217 million from the lender as part of the agreed-upon aid agreement. In late March

At the peak, the jet provided more than 120 aircraft and more than 600 flights per day. The airline, which has approximately 16,000 employees in the last few weeks, has been forced to cancel hundreds of flights and stop all flights in India due to dry capital.


"The lender, after careful consideration, decides that the best way for Jet Airways' survival is to receive binding bids from investors who display EOI and receive bid documents. On April 16, "the lender said on Thursday Interesting expression

"Lenders have a reasonable hope that the bidding process is likely to succeed in determining the fair value of the organization in a transparent manner."

CNBC-TV18 reported on Tuesday that Jet Lenders were invited to participate in a bid from four shortlisted candidates, including private companies, TPG Capital and Indigo Partners, India's wealth fund, investment funds. And National Infrastructure (NIIF) minorities in Jet


Jet shares, which fell about 60% last year, closed on Tuesday at 240.50 rupees per share. The Indian market closed on Wednesday due to a public holiday.

Jet still has a market value of about 400 million dollars because investors are hoping to receive help.