Mumbai/New Delhi: Chances of a late-stage revival of Jet Airways (India) Ltd have faded further, with Russian fund Treasury RA Creator on the verge of being disqualified, leaving South America’s Synergy Group as the sole suitor for the grounded airline.
Treasury RA Creator did not provide enough information about itself to Jet Airways’ insolvency resolution professional nor did it deposit the mandatory amount required to seek access to the airline’s data, making it ineligible to bid, the person cited above said on condition of anonymity.
“Though the committee of creditors (CoC) of Jet Airways is yet to take a call on whether to disqualify Treasury RA Creator, the company’s interest in Jet Airways, as things stand, is as good as being rejected,” said the person.
