Fresh EoI sought for Jet Airways
Mumbai, May 13
Last Date For Resolution Plan July 11
- This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year
- The interested parties can submit EoI by May 28, while the final list of eligible prospective resolution applicants (PRAs) will be given to the lenders’ committee on June 10
The last date for submission of a resolution plan by the eligible PRAs for the defunct airlines is July 11
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Jet Airways’ insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.
The interested parties can submit EoI by May 28, while the final list of eligible prospective resolution applicants (PRAs) will be given to the lenders’ committee on June 10, as per the EoI document.
“A process to invite resolution was initiated on July 20, 2019. However, based on a decision taken by Committee of Creditors (CoC), a fourth round for inviting EoI for submission of resolution plan has been initiated,” said the document.
The decision for issuing fresh EoI was taken during the CoC meeting held recently. — PTI
