Jet Airways crisis: Lenders to discuss bids, interim funding today

The resolution professional had earlier received EoIs from Panama-based Avantulo Group and a Russian fund Treasury Creator

Jet Airways lenders will meet on Monday to consider an expression of interest (EoI) from an overseas airline and release of interim funds to the airline.

In the earlier meetings, the committee of creditors (CoC) had agreed to release $10 million in interim funds and had approved criteria for evaluation of bids for the revival of the grounded airline.

The airline’s resolution professional Ashish Chhawchharia received an EoI from the overseas airline last week well past the bid submission deadline. 

The last date for the submission of EoI was August 10. The new EoI will be verified and put up