Etihad Airways, National Investment and Infrastructure Fund (NIIF), TPG Capital and Indigo Partners have been chosen as qualified bidders for Jet Airways, say media reports, which added that Naresh Goyal was forced to withdraw his bid after protests from other bidders. The four bidders now enter the next round and have until May 10 to finalise their offers. Jet Airways still hasn’t received any funds from lenders, which are divided on providing more cash without any guarantees or further collateral. Reports state that some lenders have for more of Goyal’s pledged shares and the aircraft owned by Jet as collateral.
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