Russian government backed fund shows interest in Jet Airways

MUMBAI: Russian government-backed Far East Development Fund has shown an interest in bankrupt carrier Jet AirwaysNSE 4.93 %, a person in the know said Monday.

“They submitted some documents just last week,” said the person in the know who didn’t want to be named.

The fund was established in November 2011 by the Bank for Development and Foreign Economic Affairs or VEB bank whose supervisory board is chaired by the country’s president Vladimir Putin.