Three of the investors from the group had earlier put in an expression of interest
Just two days before the deadline for putting in bids, Jet Airways has got its first proposal from an unlikely group of investors.
The group includes two little known entrepreneurs: a British, an NRI, and investment firms Future Trend Capital Investments, Redcliffe Capital and Adi Partners.
Future Trend and Adi Partners earlier teamed up with Jet Airways founder Naresh Goyal to submit an expression of interest for the airline. Redcliffe Capital submitted the EoI along with Think Capital.
But, none of those was shortlisted to put in a bid.
"We submitted the bid last night," said Jason Unsworth, the founder of airline startup Atmosphere Intercontinental Airlines. The British entrepreneur earlier wrote to Jet Airways CEO Vinay Dube, offering to take over the troubled airline.
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He is joined by Lakshay Uttam, the founder of My World Ventures - an Amsterdam-based firm with interests in hospitality and aviation.
"We have also been in touch with Naresh Goyal. He will be an invaluable asset to have," added Uttam.
The interest of these investors, coming at a time when there are worries that none of the shortlisted may put in a bid, will be a relief for Jet Airways' employees. But, it remains to be seen if SBI Caps, which is overseeing the bidding process, will accept the bid as none of the investors was shortlisted.
The shortlisted bidders are Etihad Airways, TPG Capital, Indigo Partners and the NIIF.
May 10 is the deadline to submit bids for Jet Airways.
(Developing story. To be updated.)
