Synergy Group Corp. and Prudent Arc Limited have submitted expressions of interest (EoIs) for the revival of Jet Airways (India) Limited (BSE:532617). The deadline for the submission of EoIs ended on January 14, 2020. Sources said the Hinduja Group Limited had explored investing in the beleaguered airline, but backed out later because it found no value. A Dubai-based fund, too, had evinced interest in investing in the grounded airline, but did not submit an offer. This is the second time that the lenders to Jet called for EoIs. The first round of bidding did not result in any resolution plan for the revival of the airline. The lenders gave ample time to prospective suitors by extending the deadline time and again. Synergy Group, one of the suitors, has said slots at London’s Heathrow airport are critical to the airline’s operations and will decide on participating in the resolution only if it gets clarity. The group has also set other riders to revive the airline. It wants to form a new company with its assets, employees, and operating permit but minus all liabilities. As of now, Synergy Group has not found an Indian partner who will take majority control of the airline. Central government norms cap foreign investment in the airline at 49%.