Russia’s Far East Development Fund expresses interest in Jet Airways
Mumbai: Russian government-backed Far East Development Fund has shown a preliminary interest in buying bankrupt Indian carrier Jet AirwaysNSE 4.93 %, a person in the know has said. “They submitted some documents just last week,” said the person who didn’t want to be named.
The fund was established in November 2011 by Bank for Development and Foreign Economic Affairs, or Vnesheconombank (VEB), whose supervisory board is chaired by Russian President Vladimir Putin. A spokesperson for the fund didn’t respond to ET’s emailed questions as of press time Tuesday.
