Both the airlines stopped international operations and went all-domestic before suspending operations, though in Jet’s case that happened for less than a week, while Kingfisher flew within the country for some months.
The company already connects Mumbai with a non-stop flight to Dubai and recently announced a new daily direct flight to Bangkok.
According to the conditions in the bidding document, an investor needs to have a net worth of Rs 1,000 crore and allotted funds of Rs 1,000 crore more to invest in Jet.
The airline is believed to now be operating just 16 planes out of a fleet of 119. That is below the 20 required by Indian aviation regulators to fly overseas.
The members have been asked to gather at 1:30 p.m by the All India Jet Airways Officers & Staff Association
Lenders have initiated the bidding process as Jet was unable to honour its debt obligations.