State Bank of India (SBI) said on Friday that 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, 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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.