It was a fundraising like no other: Goldman Sachs teaming up with 2 obscure brokerages on an unusual deal. Add to that controversial financier Lars Windhorst, acting as one of the architects behind the scenes. Investors snapped up the US$1.2b in bonds that, in turn, channelled proceeds to a cluster of airlines linked to Etihad Airways. Within months, bankers handling the sale were crisscrossing the Atlantic, collecting awards for their creativity. A group of creditors is now resorting to unconventional tactics to recoup losses. They’ve hired a private intelligence firm. The mission: Dig out details into how the deal came together, including the roles played by Windhorst, the airline and the fundraising group, according to people with knowledge of the situation. <br/>
eap
Etihad Airways and Hinduja Group have re-emerged as contenders to revive Jet Airways. The two companies, which opted out of the fray earlier, are likely to submit a joint Expression of Interest (EoI) to resurrect Jet, which is already facing insolvency proceedings. Both the companies are holding talks and reviewing funding requirements to pay off the Jet Airways creditors. Resolution Professional (RP) Ashish Chhawchharia, who's handling Jet's insolvency proceedings, has invited EoIs to sell the assets of the grounded airline by Aug 3. Chhawchharia is likely to reveal the provisional list of prospective resolution applicants Aug 6. However, objections must be submitted by Aug 11. After receiving the objections, the final list of prospective resolution applicants will be issued Aug 14. <br/>