Jet Airways committee of creditors extends EoI deadline to August 31

The committee of creditors for Jet Airways Monday decided to extend the timeline for submission of Expression of Interest for the resolution of the airline till Aug 31, sources said. The additional time has been given for the South American Synergy Group, owner of Avianca Airlines. The resolution professional has also sought additional interim funding from lenders to recover some assets, including engines, of the airline stuck in Singapore, sources said. Lenders to Jet Airways met Aug 26 to discuss the expression of interest submitted by the Synergy Group. The group had evinced interest in Jet Airways last week, after the deadline for submitting EoIs had already passed. Apart from the South American group, 3 entities had showed interest in the grounded airline. <br/>