Four firms evince interest in beleaguered Jet Airways

As many as four firms – Etihad Airways PJSC, National Investment and Infrastructure Fund, TPG Capital and Indigo Partners – have submitted expressions of interest (EoIs) for picking up equity stake in cash-strapped Jet Airways. The last date for submission of EoIs for buying equity stake was April 10, 2019. However, the airlines’ lenders are currently waiting for EoIs from Air Canada and Delta Airlines. Once finalised, the qualified bidders will be expected to submit their respective binding bids by April 30, 2019, subject to the terms set out under the bid document.