The lenders of Jet Airways, which stopped operations in April, will invite expression of interest (EoI) for the airline by the end of this week. The deadline for the interested parties to submit their bids is likely to be in the first week of August. Meanwhile, a section of the employees of JetLite, a wholly-owned subsidiary of Jet, on Tuesday demanded that they be included in the ongoing insolvency proceedings. The insolvency resolution professional did not accept the claims of the JetLite employees, he said. JetLite was formerly Air Sahara, which was bought by Jet Airways in 2007 and operated as a budget carrier.

Source: The Telegraph July 16, 2019 19:17 UTC