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Jet Airways’ lenders may this week invite expressions of interest (EoI) from investors looking to acquire the ailing airline.
They are planning to put the entire company on the block after asking the current promoters led by Naresh Goyal to step down.
Jet Airways’ joint venture partner Etihad Airways has already expressed interest in divesting its stake in the company, as it did not agree to the revised agreement between the shareholders, under which it had to pump in fresh equity of ₹1,600 crore.
Pilots’ warning
According to sources, the Jet board is understood to have met on Sunday in London to determine the future course of action, as its pilots have threatened to stop flying from April 1 if their salary dues are not paid by then. The board is also expected to take a view on the lenders’ diktat that the promoters should resign.
A source close to the lenders said one of the options being discussed is to have a new board to oversee the stake sale to new investors. However, BusinessLine could not independently verify if the meeting took place and the outcome thereof.
BusinessLine had earlier reported that the Tata Group could emerge as a contender to acquire the airline. Sources in the banking industry had said that talks with the Tatas could be restarted soon.
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