Grounded Jet Airways staff bid may be heard as others wave

A bid being stitched together by pilots of the grounded Jet Airways India may get a hearing if no binding offers emerge from the four potential investors currently in the race, people with knowledge of the matter said. Lenders led by State Bank of India have asked a group of airline employees, seeking to make a formal proposal, to wait to see who remains in the race after a Friday deadline lapses, the people said, asking not to be identified as the information is private. SBI Capital Markets Ltd, which is advising Jet Airways’s lenders, has received at least three unsolicited approaches, one of the people said. Etihad Airways, India’s National Investment and Infrastructure Fund and private equity firms TPG Capital and Indigo Partners have been shortlisted as potential investors. Interest in the carrier waned after Jet was grounded in April and some of its landing and parking slots were temporarily allotted to rivals, the Economic Times reported. <br/>