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FILE PHOTO: Jet Airways planes are parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, on March 26, 2019. REUTERS / Francis Mascarenhas / File Photo
SINGAPORE (Reuters) – Future bidders at Jet Airways Ltd, in trouble, must settle the airline's existing debts as part of any deal to resume it, a statement said.
Jet lenders agreed last month to bail out the airline as part of a complex deal involving a temporary majority equity stake in the company – while seeking a new investor – and the granting of 39, a new loan of $ 218 million.
In a notice posted on its website, SBI Capital Markets, a SBI unit, stated that potential bidders were required to submit expressions of interest to Jet no later than April 10 at 6 pm local time. ;India.
Reportage of Anshuman Daga; Edited by Christopher Cushing
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