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...

Tribune News Service

Updated At : 12:18 PM May 14, 2020 IST

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

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

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles