Kalrock has written to the lenders saying that the bid process should be completed transparently and quickly, pointing to the successful resolution of bankrupt Virgin Australia
Lenders had earlier asked the two parties for final offers the previous week, but post the meeting on Monday, both consortia have now been asked for their final offers by end of this week
Sources say bidders are seeking clarity from govt on the carrier's airport slots and traffic rights, which have been given to other carriers temporarily
'The airline has been slow and stodgy in its management in this time of crisis,' says an aviation industry analyst
Private airlines in India are battling losses. The crisis gives them an opportunity, but there are challenges, too. Sai Manish lists the challenges for an Indian private airline to fly international
Dutta is convinced that no matter where we find ourselves today, one cannot go wrong with the Indian aviation market
This is the highest single-year loss for the Tata Sons-Singapore Airlines joint venture since its began operations in 2015
The full service carrier, which is undergoing an insolvency resolution process, has recieved two resolution plans that are under evaluation
Conflicting news reports say Tatas want to sell their stake and exit, and that the Malaysian partner Air Asia Berhard wants to bow out.
Jet, which has been under insolvency since June last year, had received 12 expression of interests in the fourth round, after the first three rounds failed to garner any financial bids
Stating that the police didn't consider crucial facts of the case, the ED has filed an intervention application before a court
According to real estate experts, the price quoted by Brookfield is fair value given the current market conditions. Brookfield declined to comment on the matter.
The property is non-core asset of the grounded airlines, which was never used by Jet as part of its airlines business
Property has about 169,983 sq ft saleable area; auction on June 26, EMD set at Rs 25 cr
Demands substantial damages due to alleged breach of agreement
Here are the top ten headlines on Thursday morning
RP is set to present resolution plan, if any, to adjudicating authority on July 23
Here are the top 10 headlines on Friday morning
Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia
According to a regulatory filing, 69 days of lockdown period from March 24 to May 31 would be excluded for computing the CIRP deadline