State Bank of India gets sealed bid for Jet Airways from Etihad

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State Bank of India gets sealed bid for Jet Airways from Etihad

State Bank of India gets sealed bid for Jet Airways from Etihad

Friday, May 10, 2019 by: adminposted in: Market News comments: 0

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Jet Airways employees hold placards and a banner during a protest demanding to “save Jet Airways” on the occasion of May Day at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, May 1, 2019. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) – A unit of State Bank of India, which is overseeing the bidding process for Jet Airways Ltd, said on Friday it had received a sealed bid from Etihad Airways, and it would submit the bid to lenders of the ailing carrier for examination.

SBI Capital Markets Ltd also said it had received a few unsolicited offers for the airline, which the lenders would deliberate upon afterwards.

Reporting by Chris Thomas in Bengaluru; Editing by Mark Potter

Our Standards:The Thomson Reuters Trust Principles.

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State Bank of India gets sealed bid for Jet Airways from Etihad

State Bank of India gets sealed bid for Jet Airways from Etihad

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