Etihad Airways skips Jet Airways bidding

PUNIT PARANJPE / AFP

Bidding on India's grounded carrier closed on Saturday evening, after a one-week extension.

Etihad Airways has passed on the opportunity to increase its stake in India's Jet Airways.

The UAE's national carrier owns a 24 per cent stake in the insolvent airline.

"The process is being managed by the resolution professional. We have no comment at this time," read a statement from Etihad.

Administrators say they received three expressions of interest - two from financial institutions and one from an international aviation player.

The bids will be evaluated and administrators will provide a list of eligible applicants by Tuesday.

More from Business News

On Virgin Radio today

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.

  • Regional Artist Spotlight Podcast

    Hear Maz & James chatting to the featured artists every month with Flash Entertainment.

  • Middle East Hot 30

    Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...