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Three companies, including Etihad for Jet Airways, have put the bid, soon the airline's future will be decided

A committee of lenders led by State Bank of India said that it has received financial bids from Etihad Airways and some non-invited parties for the acquisition of Jet Airways.

A committee of lenders led by State Bank of India said that it has received financial bids from Etihad Airways and some non-invited parties for the acquisition of Jet Airways. This information was given on Friday. Under the leadership of the State Bank of India, the 26 lenders' committee had invited interest letters (EOI) for Jet Airways between April 8 and 12 and received four initial bids for it. The committee has a 51% stake in the jet. The lenders' committee has offered to sell the stake of 31.2% to 75% of the airline's company.

The last day for the bid was Friday

The last day of filing a financial bid from eligible bidders was Friday. SBI Capital, which is handling the bidding process, said in the statement, "A sealed bid has been received from Etihad Airways and will be deposited with the lenders for investigation." He said that bids have been received from some uninitiated parties. The lender's committee can discuss later. Banks can evaluate the bids next week.

The information was given by SBI

Earlier, State Bank of India (SBI) chairman Rajneesh Kumar had said that the lenders have got "uninvited" two bids for Jet Airways and there is hope for another bid. He said that "State Bank of India has made enormous efforts to resume operations of Jet." At the same time, Etihad Airways said in the statement, "Etihad once again emphasized that we do not want to be the chief investor of the airline, and among the other requirements, the necessary recapitalization of the jet will be needed and suitable investors."

Operational in April

The company said that it has been working 'continuously' with the main parties since the last 15 months to find solutions to make Jet again a viable and competitive airline. At present, the banks owe Rs 8,000 crore to the airline on the airline. It is to be noted that Jet Airways, who was struggling with the financial crisis, had announced the temporary closure of operations in April.