Mumbai: Jet Airways (India) Ltd founder Naresh Goyal has put in his bid for buying stake in the crisis-hit airline, said people aware of the development. Goyal quit as Jet Airways chairman in March under a bailout plan that saw lenders, led by State Bank of India, taking control of the airline. It could not be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.
Friday marked the end of a bidding deadline to buy up to 75% stake in Jet Airways.
SBI Capital Markets has the mandate for the Jet Airways stake sale on behalf of the SBI-led consortium of domestic lenders to the debt-ridden private carrier.
The bidding norms allow Goyal to participate in the stake sale process.
"It could be financial investor, it could be airline...including Naresh Goyal himself or Etihad. Nobody is barred from bidding or taking over the airline as per the rule," SBI chairman Rajnish Kumar had said last month.
In March, Goyal and his wife Anita Goyal stepped down from the board of the airline, which has more than ₹8,000 crore debt.
The ongoing Jet Airways crisis deepened Friday as the airline operated only 11 aircraft, leaving passengers stranded at various domestic and international airports. This prompted the prime minister's office (PMO) to hold an urgent meeting to discuss the situation.
According to people aware of that development, the meeting was called after civil aviation minister Suresh Prabhu asked secretary of the department Pradeep Singh Kharola to review issues concerning Jet Airways.
On Friday, Jet Airways shares rose 0.02% to ₹260.45 apiece on the BSE while the benchmark Sensex gained 0.41% to end the day at 38,767.11.