Jet Airways extends the initial tender deadline to 10 August
Saturday,03 Aug 2019
Jet Airways extended the original bid date for the bankrupt airline from August 3 to August 10, a business declaration said on Saturday.
After running out of cash and failing to obtain funds, Jet, once ranked among the country's largest airlines, was compelled to ground all flights in April, crippled by rising losses as it tried to compete with low-cost rivals.At the request of some potential bidders, the deadline for bid submission has been extended, it said. Since its aircraft were grounded and employees left unpaid, Jet Airways and its lenders have been looking for fresh investors.