Deadline for Jet bidders extended to April 12; binding bids by April 30

Earlier in the day, SBI Capital Markets issued a set of clarifications related to the EoI document, including that bidders in a consortium need to furnish solvency certificates individually

Lenders of Jet Airways Wednesday extended the deadline for submission of initial bids for stake purchase in the ailing airline to April 12.

Cash-strapped Jet Airways has delayed salaries to pilots, defaulted on loan repayments as well as payments to aircraft lessors.

SBI Capital Markets, which issued Expression of Interest (EoI) document on April 8, has extended the deadline for submission of initial bids to April 12. Potential bidders can send their queries till April 11.

The deadline for submission of bids was to end on Wednesday.

"The qualified bidders will be expected to submit their respective binding bid(s) latest by April 30, 2019