State Bank of India (SBI) said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles. Jet Airways, once India's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds to keep the carrier going. "(We have) made disproportionate efforts to keep Jet flying," the bank's chairman Rajnish Kumar told reporters in Mumbai. The SBI announcement comes even as Jet's offices are being vacated at many airports across the country and employee access is being revoked. "This world lives on hope so there is hope till 6pm," said Kumar.

Source: Mint May 10, 2019 10:04 UTC