HomeNewsBusinessBidders for India's Jet Airways not keen to follow up: Report

Bidders for India's Jet Airways not keen to follow up: Report

Three of the four qualified bidders - Etihad Airways, TPG Capital and Indigo Partners - have not signed non-disclosure agreements which is necessary for conducting due diligence, the paper said.

May 02, 2019 / 09:40 IST
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The deadline for Jet Airways corporate insolvency resolution process is October 21
The deadline for Jet Airways corporate insolvency resolution process is October 21

Bidders for India's Jet Airways have not shown interest in following up their offers for the debt-laden airline with a few days left to submit their final bids, the Economic Times reported on Thursday.

Three of the four qualified bidders - Etihad Airways, TPG Capital and Indigo Partners - have not signed non-disclosure agreements which is necessary for conducting due diligence, the paper said.

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The bidders have until May 10 to submit their offers.

Jet, once India's largest private airline, was forced to stop all flight operations on April 17 after its banks rejected the carrier's plea for emergency funds.