Anil Agarwal’s family trust, two other bidders show interest in Jet Airways

At least three players, including Anil Agarwal’s family trust Volcan Investments, are understood to have expressed interest in acquiring Jet Airways’ assets through the insolvency resolution process.

Jet said in a statement that Volcan Investment, in an exploratory move, has submitted an expression of interest (EoI) “to understand the business scenario for the company and the industry”.

“The EoI is in no way linked to Vedanta,” it added.

The resolution professional (RP) of Jet Airways had set an August 10 deadline for submitting EoIs.

Etihad Airways, the existing joint venture partner in the airline, seems to have opted out. The Hindujas, who had shown interest in acquiring the airline earlier, have also not submitted an EoI, said a source aware of the development.