Etihad Airways and the Hinduja Group are unlikely to submit an expression of interest (EoI) for Jet Airways within the August 3 deadline and may prefer to wait a bit longer before making their interest official.
Sources told Moneycontrol ?that the two partners, who were the only suitors in the bidding process before Jet Airways was taken to the insolvency court, may consider entering at a later stage based on internal advice.
An executive from the industry added that instead of bidding for Jet Airways, Etihad Airways is considering monetising assets it holds in the Indian airline. The assets include airport slots and its stake in Jet Privilege Pvt: the loyalty and rewards management company.
In response to Moneycontrol's query, an Etihad Airways spokesperson said:
"It would be inappropriate of Etihad Airways to comment on this issue, which is still the subject of a formal process.
"We will advise our position through appropriate channels ahead of Saturday’s deadline."
02/08/19 Ashwin Mohan/Prince Mathews Thomas/Moneycontrol.com
To Read the News in full at Source, Click the Headline
Sources told Moneycontrol ?that the two partners, who were the only suitors in the bidding process before Jet Airways was taken to the insolvency court, may consider entering at a later stage based on internal advice.
An executive from the industry added that instead of bidding for Jet Airways, Etihad Airways is considering monetising assets it holds in the Indian airline. The assets include airport slots and its stake in Jet Privilege Pvt: the loyalty and rewards management company.
In response to Moneycontrol's query, an Etihad Airways spokesperson said:
"It would be inappropriate of Etihad Airways to comment on this issue, which is still the subject of a formal process.
"We will advise our position through appropriate channels ahead of Saturday’s deadline."
02/08/19 Ashwin Mohan/Prince Mathews Thomas/Moneycontrol.com
0 comments:
Post a Comment