Delaying the Jet Airways stake sale process, lenders to the airline have extended the deadline for submission of expressions of interest (EoIs) by two days to April 12. At least two EoIs were received Wednesday evening...
TPG Capital, Etihad, NIIF likely to bid for cash-strapped Jet Airways
Abu-Dhabi based Etihad Airways, a 24 per cent shareholder in Jet Airways, is evaluating its options to participate in a pre-bid process for the troubled airline as part of a bank-led resolution plan, sources in the know...
GVK buys 3 more days to fend off Adani from Mumbai airport
GVK Airport Holdings, a stepdown subsidiary of GVK Power & Infrastructure, has bought time till Thursday to fend off Adani group’s entry to Mumbai airport. The company and Bid Services Division (Mauritius), a...
Jet lenders plan to sell 75% stake, bidder’s net worth should be Rs 1000 cr
Jet Airways India Ltd.’s lenders invited initial bids to buy as much as 75 percent of the debt-laden carrier, starting a process that will determine the future of India’s oldest surviving private airline. Potential...
Bidding process for crisis-hit Jet Airways likely to begin today
The bidding process for stake sale in the cash-starved Jet Airways is likely to commence from Monday as the bid document is still to be given a final shape, a source said. The SBI-led consortium of 26 lenders, which now...
Banks to invite bids for Jet Airways stake sale on 6 April
Lenders to Jet Airways (India) Ltd on Thursday said bids for a stake sale in the cash-strapped airline will be invited on Saturday and that the Jet Airways stake sale will be completed in a time-bound manner. However...
Lenders to ask interested buyers to submit bids for Jet till Apr 9
Lenders of troubled carrier Jet AirwaysNSE -0.12 % have decided to call buyers interested in the airline to submit expression of interest starting April 6 as part of their resolution plan. The move is fallout of lenders...
Lenders to cash-strapped Jet Airways likely to rework resolution plan
The lenders to debt-hit Jet Airways might have to rework the earlier resolution plan, which would have given them a combined 50 per cent stake in the airline for a rupee. The plan was framed under the Reserve Bank of...
GVK moves High Court to stop Bidvest from selling MIAL stake to third party
GVK filed an injunction in the Delhi High Court to block South African partner Bidvest from selling its stake in Mumbai International Airport Ltd (MIAL) to a third party to preempt a possible takeover by the Adani...
Tata Motors arm transfers defence business worth Rs 625 crore to TASL
Tata Motors Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non...
Airline foray? Adani Group may bid for Jet Airways
The Adani Group is likely to bid for Jet Airways as the airline goes through a bidding process to get a new investor in April, two sources close to the development told FE. The group, with interests in logistics, energy...
Hunt for Jet Airways’ buyer takes SBI, Naresh Goyal to TPG Capital and Delta Air Lines
et Airways’ top lender State Bank of India and its founder Naresh Goyal have reached out to private equity giant TPG Capital and US carrier Delta Air Lines to explore the possibility of a stake purchase in the...
