Mumbai: The resolution professional (RP) and the committee of creditors appointed for Jet AirwaysNSE 4.97 % has for the second time decided to extend the deadline for expressions of interest to August 31, said two people close to the development.
Also, lenders to Jet will put to a vote, a proposal to lend the bankrupt airline more money so that employee salary arrears can be cleared, the people added on condition of anonymity. The resolution professional for Jet, appointed by India's bankruptcy court, had on August 3, extended the deadline for the first time to August 10.
“Lenders are happy to extend the deadline because then they will have at least two serious bidders to show in the NCLT. However, there is still some reluctance on lending more funds so it will be put to vote. The e-voting will most likely be done later this week," said one of the person cited above.
The latest extension comes after South American conglomerate Synergy Group Corp, which owns a majority stake in airlines including Colombian carrier Avianca, expressed an exploratory interest to invest in Jet.
The communication from Synergy came after the first deadline of August 10, said a second person in the know. ET reported it on August 26.
27/08/19 Anirban Chowdhury, Joel Rebello/Economic Times
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Also, lenders to Jet will put to a vote, a proposal to lend the bankrupt airline more money so that employee salary arrears can be cleared, the people added on condition of anonymity. The resolution professional for Jet, appointed by India's bankruptcy court, had on August 3, extended the deadline for the first time to August 10.
“Lenders are happy to extend the deadline because then they will have at least two serious bidders to show in the NCLT. However, there is still some reluctance on lending more funds so it will be put to vote. The e-voting will most likely be done later this week," said one of the person cited above.
The latest extension comes after South American conglomerate Synergy Group Corp, which owns a majority stake in airlines including Colombian carrier Avianca, expressed an exploratory interest to invest in Jet.
The communication from Synergy came after the first deadline of August 10, said a second person in the know. ET reported it on August 26.
27/08/19 Anirban Chowdhury, Joel Rebello/Economic Times
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