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

  • The Weekend Playlist

    8:00pm - 11:00pm

    Every Friday night Dubai Eye 103.8 plays you the greatest party classics and anthems all the way till Saturday morning!

  • Nights on Dubai Eye 103.8

    11:00pm - 6:00am

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

On Dubai Eye

Business Breakfast