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Wed, Jun 26, 2019 | Last Updated 7:49 pm IST

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AdiGroup still interested to form a partnership with Etihad to operate Jet Airways

AdiGroup still interested to form a partnership with Etihad to operate Jet Airways
AdiGroup still interested to form a partnership with Etihad to operate Jet Airways
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Reportedly in a final push to revive the now grounded Jet Airways, London based AdiGroup has again evinced interest in Jet Airways. AdiGroup's Chairman and Managing Partner Sanjay Viswanathan tweeted "Another 48hrs is all we have... and then we walk away!! Have been patient enough @PMOIndia @MoCA_GoI @TheOfficialSBI @EtihadAirways !!!".The account, however, has not been verified by Twitter.

AdiGroup still interested to form a partnership with Etihad to operate Jet Airways

Accordingly the AdiGroup which was one of the unsolicited bidder for Jet is still interested to form a partnership with Etihad to operate the now grounded airline. Presently, the lenders of Jet Airways led by the SBI are in the process of selling the airline to recover their dues of over Rs 8,400 crore. Furthermore Private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways were shortlisted to submit their bids after they put forward their Expression of Interest (EoI). Apparently on May 10, the last date for submitting the binding bids, only Etihad gave its offer and that too in the eleventh hour.



Moreover the other two bids received for the airline were unsolicited including that of AdiGroup. Reportedly industry insiders doubt whether bankers will be able to revive the airline or not, especially after other reports surfaced that Jet's vendors approached the National Company Law Tribunal (NCLT).


AdiGroup still interested to form a partnership with Etihad to operate Jet Airways
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Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.