Jet Airways lenders lay out terms for airline bidding process

Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company – while they look for a new investor – and providing a fresh loan of $218 million.

In a notice on its website, SBI Capital Markets, a unit of SBI, said prospective bidders were required to submit expressions of interest for Jet by 6 pm India time on April 10.