Shares of Jet Airways were down 1.6% at Rs 263 by close of Wednesday's trade on the BSE.
To be certain that genuine parties are bidding, SBI Caps, the merchant banker undertaking the task, said all members of the consortium have to provide their details, which then have to be certified by their managing director or chief executive director.
According to a senior International Olympic Committee official, the company had stopped fuel supply to Jet Airways from 3 p.m on Wednesday over non-payment of dues by the airline. Last month, NAG had already called for labour action on April 1st, if Jet Airways does not pay the outstanding salaries for January, February and March to its workers.More news: Michael Avenatti Charged With… A Whole Bunch MORE Stuff
"We have cancelled all long-haul west-bound worldwide flights from India from tonight until tomorrow (Friday) morning", a Jet Airways spokesperson told AFP late on Thursday. However, a Jet Airways spokesperson refused to comment and neither did he specify the number of flights that were affected due to it. However, the report said that other fuel firms are still supplying the airline. "Accordingly, in order to allow better participation in the process the domestic lenders have agreed for extension timeline for submission of EoI which have been updated and made available on the websites", SBI Capital Markets Limited said in a statement.
Jet Airways once had a fleet of 119 aircraft, but now it has dwindled to fewer than 30 as many lessors, upset over non-payment of leases, got their aircraft de-registered and leased them to other airlines. The grounding is still in effect, as the airline is unable to pay leasing fees, several lessors say. They had put in the IDERA (irrevocable deregistration and export request authorisations) requests with the DGCA on and around 3 April.
As per the "clarification to bidders" document issued by investment banking major SBI Capital Markets (SBI Cap), the last date for EoI submission has been extended from Wednesday 6 p.m.to April 12, 6 p.m.More news: Meet the woman behind the first-ever image of a black hole
Abu Dhabi-based Etihad Airways, which owns 24% of Jet Airways, is likely to submit an EoI.
Goyal, who now owns 51% of Jet Airways, would have no voting rights if the resolution is approved.More news: First privately funded spacecraft ‘is about to land on the moon’