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Jet Airways reissues calls for expression of interest

Collapsed Jet Airways is relaunching its expression of interest (EOI) process, in its ongoing bid to attract new investors. This appears to have been decided at the committee of creditors’ sixth meeting, held Dec 17. Unlike the first round, the latest EOI could be a much shorter one with Jan 6 set as the last date to submit a resolution plan. According to local media reports, Hinduja Group and Turbo Aviation are among the interested parties. Compared against details of the previous EOI dated Aug 27, the latest invitation has kept requirements for strategic investors unchanged: Prospective applicants need to show they had INR10b (US$141m) in available funds in the previous year. Financial investors, however, are required to show they had INR20b, double the previous criterion. <br/>