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

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    12:00am - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • The Business Breakfast

    7:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

On Dubai Eye

  • Tony Robbins Live in Dubai

    Najahi Events presents the highly anticipated Tony Robbins Event, Achieve the Unimaginable with Celebrity Guest Appearances, Live at the Coca Cola Arena, 3rd September.

  • The Business Breakfast Podcast

    Hear the highlights and the best interviews from The Business Breakfast with Malcolm, Brandy & Richard.