Latest News on Lenders Consortium
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May 21, 2019
Jet Airways revival: Hinduja Group may start bidding for crisis-hit airline this week; to meet with Etihad Airways on 23 MayLast week, there were reports that lenders to Jet Airways and Etihad Airways had reportedly reached out to Hinduja Group offering a stake in the grounded airline
May 15, 2019
Jet Airways revival: Lenders may initiate fresh talks with NIIF soon; reach out to Hinduja group offering stake in airlineThis move is a major step towards reviving Jet Airways, which suspended its entire operations on 17 April due to acute liquidity crunch, the report said.
Apr 11, 2019
Jet Airways stake sale: Etihad, TPG Capital among five companies submit EoIs to acquire crisis-hit airline sharesSBI-led consortium of domestic lenders are implementing a debt resolution plan for Jet Airways, whose board approved the plan last month.
Apr 09, 2019
Jet Airways crisis: No takers for airline's stake on day one of bidding; Etihad, NIIF may emerge as top contendersProspective bidders of struggling Jet Airways need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by SBI said in a statement on Monday.
Feb 22, 2019
Banks' consortium considering Rs 500-cr interim funding to Jet Airways: PNB chiefRegarding Jet Airways, Mehta said the consortium is looking at the entire process and something is being worked out.