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Etihad, Two Others Submit Financial Bid For Jet Airways | Business Standard News

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The State Bank of India-led consortium of lenders to Jet Airways Friday said it has received bids from Etihad Airways and from a few unsolicited parties to acquire stake in the grounded airline. The consortium of 26 lenders, which now owns 51 percent in the airline, had invited expressions of interest between April 8 and 12 and had received four preliminary bids. The lenders are offering 31.2-75 per cent stake in the company on a fully diluted basis. Friday was the last day to submit the financial bids from the qualified bidders.

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