MUMBAI: As many as four potential bidders have evinced interest in Jet Airways (India) Ltd, a person with direct knowledge of the matter said, though talks for a potential bid are still in early stages. “Among these, four parties have shown initial interest to bid for Jet Airways," the person cited above said on condition of anonymity. Besides maintaining Jet Airways’ planes and other assets, the interim funding will also be used to hire people on contract to verify various creditor claims. The lenders, however, have reservations about releasing a month’s salary for Jet Airways’ staff as sought by several worker unions, said another person aware of the matter. The lenders have been trying to sell Jet Airways for the past five months without success.

Source: Mint August 01, 2019 15:42 UTC