Jet Airways got the Bidding claim buyer? $ 500 million offer

Jet Airways got the Bidding claim buyer? $ 500 million offer to banks

Bids are available till May 10 to buy a stake in Jet Airways. However, two days before the Jet is being claimed to be a buyer. Actually, a British businessman has claimed that he has sent a bid for Jet Airways. At the same time, tomorrow's day is very important for Jet Airways. Because, if there is a bid from Etihad, then she is expected to come only tomorrow. Because, due to holiday on Friday in the month of Ramadan, Etihad can take a decision by tomorrow itself.

Bidding claim

However, even before Etihad, Thai-British businessman Jason Ainsworth also claimed to have sent his bid. Unsurprisingly claimed that the bid included Naresh Goyal, Radcliffe Capital, his own company Atmosphere Airlines and Malhar Hospitality.

Only received emails, no plans.

However, it was later claimed by Naresh Goyal's family that Goyal had not participated in any bid with Reserve. At the same time, banking sources claim that an unsolicited e-mail has come from just one page. There are no solid plans and documents of any kind. On behalf of Ainsworth, it was claimed that $ 500 million for Jet would come from Radcliffe. Naresh Goyal will give $ 200 million. Unsworth's company will also invest around $ 300 million.

No bid approval before May 10

According to banking sources, the bid for the first unsold cannot be approved before May 10. Because the process that is already going on will be considered. Also, there is nothing concrete in the plans sent by Unsworth. Yesterday, former Jet Airways chairman Naresh Goyal had claimed that he was giving Rs 250 crore to his private company in the airline.

Did Jet get the proposal?

According to sources, the company got the first proposal just two days before the bid was made in Jet Airways. Jet Airways has two entrepreneurs interested in buying a stake, which have very little information about them now. Among the bidders for the company are a British, an NRI and investment firm like Future Trend Capital Investments, Radcliffe Capital and etc. Partners. Radcliffe Capital also gave Expression of Interest before meeting with Think Capital. But, none of these banks had given permission to bid.

Who is Jason Ainsworth?

British entrepreneur Jason Ainsworth first wrote to Jet Airways CEO Vinay Dube that he wants to buy the troubled Jet Airways. According to Reserve, we have given our bid on the night of May 7. May 10 is the last date for bidding in Jet Airways. And so far none of the companies was selected to bid. Unsworth's bid has come at a time when all the hopes of Jet are over. It is also great news for Jet employees.

What will be accepted?

Now to see whether SBI Capital accepts their bid or not. None of these investors have yet been shortlisted. Companies that have been selected for bid in Jet Airways are Etihad Airways, TPG Capital, Indigo Partners, and NIIF. Three of these four companies - Etihad Airways, TPG Capital and Indigo Partners - have not yet issued non-disclosure agreements. Before bidding in a company, it is necessary to issue a non-disclosure agreement for its Due Delegation.