Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, April 18, 2019.Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
“The EOI for Jet Airways by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further,” Volcan said in a brief statement, a day after it had disclosed it had submitted an EOI for the airline.Separately, Abu Dhabi’s Etihad said it was not interested in reinvesting in Jet because of unresolved issues concerning the Indian airline’s liabilities.
A total of three EOIs have been received for Jet after prospective bidders were invited to express interest, according to media reports.With Volcan out, only two potential bidders likely remain in the fray.
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