Jet Airways crisis: Etihad, Hinduja re-emerge as contenders

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/>