South America-based Synergy Group has sought time till February to submit its resolution plan for Jet Airways dashing hopes of an early revival. The airline's lenders will meet next week to consider the request.
Synergy Group, the sole contender to revive the grounded airline, had time till Friday to submit its bid. However, the group has sought time as it wants clarity on securing airport slots in India and London.
Jet Airways shut down on April 17 and is under insolvency process since June as lenders failed to find a suitor. "The group is engaged with Jet management and the