CaliguyNYC wrote:edealinfo wrote:BREAKING NEWS: "‘Mystery’ foreign investor may turn white knight for Jet"
Holy Connolly; the Jet saga never ends! What's even more interesting is this interest has come in despite the raids against Naresh Goyal and all the accusations against him.
“The foreign entity which sent in its EoI yesterday is interesting. The company is renowned and the outlook looks positive so far,” said a source close to the development. “The Committee of Creditors (CoC) needs to approve the EoI. Secondly, the company should sign an NDA. Then, if there is merit in the bid, it’s a win for the airline.”
https://www.thehindubusinessline.com/ec ... 235659.ece
Let the speculation begin on who is: "The [foreign] company is renowned and the outlook looks positive so far"
If I had to guess, I would say an airline. Jet only makes sense for an airline to waste time resurrecting. Not only could they get a ROI if the airline is successful but they also can push traffic onto their network. Which airline, who knows. To be honest I am really over the full Jet airways IBC thing. The process makes no sense. EY exited because the IBC wasn’t being clear wrt the debt that survives the transaction. The full purpose of the IBC is supposed to be settling debts. Indian business needs to speak up.
Here are my guesses:
For a play on slots: Qatar ( one of the many arms of its Government)
Delta: For feed and if it assumes it can get a spectacular deal
From the media statement the only clues are “foreign” and “renowned”. I don’t think “with a positive outlook” offers any clue.