“They (SBI Caps) had called us. We wanted to understand the liability and assets of Jet Airways,” he told reporters after the meeting. It received one solicited bid from the airline’s investment partner Etihad Airways, besides two unsolicited on May 10, which was the last date of submission of financial bids. “It would be a one-time settlement and all the past liabilities (of Jet Airways) would be taken care of. The acquisition will be funded through internal accruals,” he said, adding SBI Caps has asked the company to provide all the details regarding the funding.

Source: The Telegraph May 15, 2019 19:07 UTC