Collapsed Indian carrier Jet Airways is relaunching its expression of interest (EOI) process in its bid to attract new investors after failed talks with German Efromovich of Grupo Synergy and Avianca Brasil.
According to local media reports, the Hinduja Group and Turbo Aviation are among the parties interested in the company's estate, which does not have planes to restart its flights.
The carrier started insolvency proceedings on June 20 and launched the first EOI on July 20.
The initial deadline of August 3rd was postponed at least three times, finally ending on December 16th, in accordance with the resolution of the fifth meeting of creditors held on November 27th.
This fourth postponement brings the deadline to January 06, 2020. If no bidders come forward, the board of investors will dissolve the company and sell the remainder.
Soon after Jet Airways ceased operations in April, the government redistributed most of its slots to other Indian airlines. As stated earlier, the airline barely has any aircraft in its fleet, with only three Boeing 737s owned.
