PW Bureau
The lenders are trying their best to avert Insolvency and Bankruptcy Code (IBC) proceedings from being initiated against Jet. However, the possibility draws ominously closer
Mumbai: The first day of the stake sale announced by Jet Airways' lenders failed to elicit any response or expression of interest or queries from prospective bidders, sources familiar with the development said. The airline is offering anywhere between 31.2 percent to 75 percent to prospective bidders. The call for EoIs close on April 10, 6 pm.