Naresh Goyal puts in bid for Jet Airways

Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.

Naresh quit as chairman of the carrier last month under a debt resolution plan that saw lenders taking control of the airline.

Airline sources said Naresh has put in bid for Jet Airways. It couldn't be immediately ascertained whether he has partnered with any entity or airline for the bid.

Friday was the last date for initial bids set by SBI Capital Markets.

SBI Caps has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier.

The bidding norms allow Naresh to participate in the sale process.

"It could be financial investor, it could be airline...including Naresh Goyal himself or Etihad. Nobody is barred from bidding or taking over the airline as per the rule," SBI chairman Rajnish Kumar said last month.

Last month, Naresh and his wife Anita Goyal stepped down from the board of the airline, which has more than Rs 8,000 crore debt.

(with news agency inputs)