Mumbai: The resolution professional (RP) of Jet Airways Saturday called for expressions of interest (EoIs) to sell the grounded airline’s meager assets by August 3.
In an advertisement posted on the airline’s website and in newspapers, the RP, Ashish Chhawchharia, appointed by Jet Airways’ lenders, has set a deadline of August 3 for receipt of EoIs, August 6 as the date of issue of provisional list of prospective resolution applicants, and August 11 as the last date of submission of objections.
The advertisement stated that on August 14, final list of prospective resolution applicants will be issued.
The final date for submission of resolution plans of these applicants will be September 5, it added.
The estimated date for the submission of resolution plan by the RP to the National Company Law Tribunal for approval is September 20.
The airline’s assets include 14 aircraft including 10 Boeing planes -- down from 124 before the grounding -- and 49 per cent stake in Jet Privilege and a few buildings.
Its liabilities are over Rs 36,000 crore, including more than Rs 10,000 crore of vendor dues, Rs 8,500 crore along with interest owed to the lenders, over Rs 3,000 crore in salary dues and more than Rs 13,500 crore in accumulated losses of the past three years.
The lenders also list spares, slots and routes as the assets of the Naresh Goyal-promoted airline which operated its last flight on April 17.
20/07/19 PTI/Business Line
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In an advertisement posted on the airline’s website and in newspapers, the RP, Ashish Chhawchharia, appointed by Jet Airways’ lenders, has set a deadline of August 3 for receipt of EoIs, August 6 as the date of issue of provisional list of prospective resolution applicants, and August 11 as the last date of submission of objections.
The advertisement stated that on August 14, final list of prospective resolution applicants will be issued.
The final date for submission of resolution plans of these applicants will be September 5, it added.
The estimated date for the submission of resolution plan by the RP to the National Company Law Tribunal for approval is September 20.
The airline’s assets include 14 aircraft including 10 Boeing planes -- down from 124 before the grounding -- and 49 per cent stake in Jet Privilege and a few buildings.
Its liabilities are over Rs 36,000 crore, including more than Rs 10,000 crore of vendor dues, Rs 8,500 crore along with interest owed to the lenders, over Rs 3,000 crore in salary dues and more than Rs 13,500 crore in accumulated losses of the past three years.
The lenders also list spares, slots and routes as the assets of the Naresh Goyal-promoted airline which operated its last flight on April 17.
20/07/19 PTI/Business Line
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