Far East Development Fund seeks to board Jet Airways
MUMBAI : Russia’s Far East Development Fund has shown interest to bid for Jet Airways (India) Ltd, said one person with direct knowledge of the matter, requesting anonymity.
The development comes on a day when the committee of creditors (CoC) met to discuss whether the date for the submission of bids should be extended after potential suiters of the debt-laden airline, including Delhi-based Prudent ARC Ltd and South America’s Synergy Group, failed to meet the deadline.
After Tuesday’s meeting Jet’s lenders led by State Bank of India (SBI) voted to extend the deadline to 9 March, the person added. The 270-day deadline for completing the insolvency process ends on 15 March.
