Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

Lenders to the beleaguered Jet Airways have extended the deadline for submitting fresh expressions of interest (EoIs) to January 15 amid reports of Hinduja Group showing interest in investing, sources privy to the development said.
 
Earlier, the resolution professional of Jet, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown interest for investing in the airline. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
 
Sources, however, said no fresh EoI had been submitted so far. The Hindujas have not formally submitted any