{"id":311358,"date":"2019-04-18T05:39:51","date_gmt":"2019-04-18T05:39:51","guid":{"rendered":"http:\/\/tehelka.com\/?p=311358"},"modified":"2019-04-18T05:39:51","modified_gmt":"2019-04-18T05:39:51","slug":"reasonably-hopeful-for-successful-bid-process-jet-airways-lenders","status":"publish","type":"post","link":"https:\/\/tehelka.com\/reasonably-hopeful-for-successful-bid-process-jet-airways-lenders\/","title":{"rendered":"Reasonably hopeful for successful bid process: Jet Airways lenders"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-306135 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/11\/jet-airways-flight--300x225.jpg\" alt=\"\" width=\"489\" height=\"367\" srcset=\"https:\/\/tehelka.com\/media\/2018\/11\/jet-airways-flight--300x225.jpg 300w, https:\/\/tehelka.com\/media\/2018\/11\/jet-airways-flight--80x60.jpg 80w, https:\/\/tehelka.com\/media\/2018\/11\/jet-airways-flight--265x198.jpg 265w, https:\/\/tehelka.com\/media\/2018\/11\/jet-airways-flight--560x420.jpg 560w, https:\/\/tehelka.com\/media\/2018\/11\/jet-airways-flight-.jpg 600w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Jet Airways lenders said on Thursday that they are reasonably hopeful of a successful bidding process for stake sale. The announcement from the lenders led by State Bank of India (SBI), came a day after the airline suspended all its flight operations indefinitely.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Jet Airways, once India&#8217;s largest private airline took the decision to stop flying on Wednesday evening after lenders declined to extend emergency funds to keep it going.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">\u201cWith deep sadness and a heavy heart we would like to share that, effective immediately, we will be suspending all our domestic and international flight operations,\u201d Jet Airways said in a statement.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The lenders in a statement said, \u201cThe lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors who have expressed EOI (Expression of Interest) and have been issued bid documents on April 16.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The lenders said that they are reasonably hopeful that the bidding process will lead to determining the fair value of the enterprise in a transparent manner.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways lenders said on Thursday that they are reasonably hopeful of a successful bidding process for stake sale. The announcement from the lenders led by State Bank of India (SBI), came a day after the airline suspended all its flight operations indefinitely. Jet Airways, once India&#8217;s largest private airline took the decision to stop [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":306135,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[5155],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/311358"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=311358"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/311358\/revisions"}],"predecessor-version":[{"id":311359,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/311358\/revisions\/311359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/306135"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=311358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=311358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=311358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}