Lenders to grounded Jet Airways may have to partially write off outstanding debts if the airline is to be taken over.
Yesterday was the deadline for interested bidders to submit a final resolution plan.
There appear to be only two bidders: Latin America’s Synergy Group, an airline operator and Avianca’s largest shareholder; and Russia’s Treasury RA Creator, an international finance organisation.
Jet owes 2,400 creditors nearly $4.2bn, but they are only likely to …

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Source: The Loadstar