Jet Airways Extends Deadline For Initial Bids To August 10

INSUBCONTINENT EXCLUSIVE:
ranked among the country's biggest airlines, was forced to ground all flights in April after running out of money and failing to secure
funds, crippled by mounting losses as it attempted to compete with low-cost rivals.The bid submission deadline has been extended at the
request of some prospective bidders, it said.Jet Airways and its lenders have been searching for new investors since its planes were
grounded and staff left unpaid.Lenders to the airline agreed on July 19 to provide interim financing to help it cover legal and other costs
as bankruptcy resolution experts seek a buyer.Get Breaking news, live coverage, and Latest News from India and around the world on
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