A high-level meeting is learnt to have been fixed between the Hinduja Group
and Etihad Airways
on Thursday, May 23 in a bid to revive the cash-strapped airline.
Top executives of State Bank of India
(SBI), which leads the lenders’ consortium, will be present at the meeting to be held in Abu Dhabi, the corporate headquarters for Etihad, according to a Business Standard report. CLICK HERE TO READ FULL REPORT
Last week, top executives of Jet Airways
had put in their papers, which included the company’s chief executive officer (CEO) . Robin Kamark, nominee director of Etihad Airways
PJSC, also resigned as the company's director with effect from May 16, 2019.
Reports had suggested that Jason Unsworth-led Atmosphere Airlines and London-based AdiGro Aviation had submitted unsolicited bid for the airline. Besides, binding bid by Etihad Airways
was also received by SBI-Cap.
Rajnish Kumar, chairman of State Bank of India
(SBI), did say that many bidders have shown interest but stopped short of elaborating the names of the bidders.
“The bidding process is initiated by and managed by SBI
Limited under a resolution plan undertaken by a consortium of domestic lenders led by SBI.
The company is not involved in the bidding process and has no information with regard to same and is accordingly not in a position to comment,” Jet Airways
has said in a statement.