Mumbai: In a fresh turn, just hours before the deadline for putting in bids, the beleaguered Jet Airways has received its first proposal from a group of investors. According to an online media report, the group includes two little known entrepreneurs: a British, an NRI, and investment firms Future Trend Capital Investments, Redcliffe Capital and Adi Partners. Future Trend and Adi Partners earlier teamed up with Jet Airways founder Naresh Goyal to submit an expression of interest for the airline. Redcliffe Capital submitted the EoI along with Think Capital. But, none of those was shortlisted to put in a bid.
The shortlisted bidders are Etihad Airways, TPG Capital, Indigo Partners and the NIIF. May 10 is the deadline to submit bids for Jet Airways. Jet Airways has debts of over Rs 8,000 crore, and its liabilities – including arrears to lessors, vendors and employees – may total close to Rs 20,000 crore.
RoC submits report
Meanwhile the Registrar of Companies (Mumbai) has submitted the inspection report Jet Airways’ books to the Corporate Affairs Ministry which will shortly start examining the details. “Action will be based on the inspection report of Jet Airways’ books,” a ministry source said.The regional directorate of Mumbai initiated inspection of the books eight months after the Ministry directed it for such a probe to ascertain if there was any diversion of funds.
