your password has been reset successfully, Please login again.

British Businessman, Jason Unsworth Presents an EOI to Invest in Jet Airways

Unsworth runs Atmosphere Intercontinental Airlines and has shown massive interest in taking over the debt-laden Jet Airways.
BY BEx Bureau
BusinessEx
May 09, 2019

Jason Unsworth, the British entrepreneur has shown his interest in investing the dooming carrier, Jet Airways. Unsworth has presented an EOI to invest in the Indian carrier.

However, the public banks who are leading the resolution plan reckon that Unsworths proposal will not be taken into consideration, as reported by the Indian daily news, Business Standard.

So far, Indigo Partners, Etihad (partner of Jet Airways) and TPG have been selected at the EOI stage. While other private equity firms have decided not to participate in the race.

In a tweet, Unsworth said, Last night our consortium submitted to SBI the EoI document. In the following tweet, he added Lalit Verma(Future Trend Capital), Naresh Goyal(Founder of Jet Airways), Dhiraj(Redcliffe Capital) and other companies as the consortium partners.

Unsworth runs Atmosphere Intercontinental Airlines and has shown massive interest in taking over the debt-laden Jet Airways.

According to the anonymous sources, Unsworth had given only a page showing his interest in Jet without submitting supporting documents. The banks leading resolution plan of Jet Airways stated the proposal of Unsworth cannot be taken into consideration presently since the date of EOI has passed.

The banks will have to take a decision over the proposal, after seeing the outcome of the bid, said an anonymous source.

Please add your Comment
SIMILAR News
October 21, 2019
The company plans to employ fresh funds to establish a second campus in Mumbai by the end of this ye ...More
By Jaspreet Kaur
October 21, 2019
Following the investment, the Tamil Nadu-based firm, Dindigul Thalappakatti is pegged at around INR ...More
By Jaspreet Kaur
October 19, 2019
Elores is essentially a novel drug combination that helps to treat life-threatening infections. ...More
By Jaspreet Kaur
October 18, 2019
Black Coat Technologies Pvt. Ltd has recently obtained INR 3.5 crore in a seed funding round from a ...More
By Jaspreet Kaur
October 18, 2019
Remedico is essentially a component of Venture Catalysts’ focused healthcare accelerator, Healthcare ...More
By Jaspreet Kaur
October 17, 2019
BASF is reportedly collaborating with partner firms to assess the feasibility of petrochemical compl ...More
By Jaspreet Kaur
October 17, 2019
With this funding round, the company has gathered INR 70 crore funds to date. ...More
By Jaspreet Kaur
October 14, 2019
Singapore-headquartered e-commerce company, Shopmatic Pte Ltd has wholly acquired SaaS startup, Comb ...More
By Jaspreet Kaur
October 14, 2019
CarDekho, the online platform has created an ecosystem to help its consumers to buy and sell cars ef ...More
By Jaspreet Kaur
October 11, 2019
By Jaspreet Kaur
October 10, 2019
The company targets on middle, as well as low income demographic, relating to Tier-II and Tier-III c ...More
By Jaspreet Kaur
October 10, 2019
Mental health startup firm, NeuroLeap has obtained funding from Sminu Jindal, Managing Director of J ...More
By Jaspreet Kaur