Jet Airways buyout: Russian state-owned fund expresses interest in bankrupt airliner

Russian government-owned Far East Development Fund in consortium with Indian Enso Group on Tuesday expressed interest in the bankrupt Jet Airways. The government-owned fund met lenders over a video-conference and proposed synergizing Jet’s operations with Russia’s flagship carrier, Aeroflot, sources said.

The Mumbai-headquartered Enso Group made a presentation to the committee of creditors (CoC) of the grounded airline. Lenders have in-principle agreed to give time till March 9 for interested parties to present a resolution plan for Jet.