Lenders to Jet Airways on Friday said they had received financial bids from Etihad Airways and a few unsolicited parties to acquire a stake in the grounded airline. Jet Airways ceased operations temporarily on April 17 because of acute financial distress. Earlier in the day, SBI chairman Rajnish Kumar had said two unsolicited bids had come in while one more bid was expected. “The SBI has made disproportionate efforts to keep Jet Airways flying,” Kumar said. Meanwhile, the officers and staff union of Jet Airways on Friday sought Maharashtra chief minister Devendra Fadnavis’ intervention in resolving the crisis.

Source: The Telegraph May 10, 2019 19:52 UTC