Anil Agarwal submits an expression of interest to revive Jet Airways

Billionaire businessman Anil Agarwal has submitted an expression of interest (EoI) to revive Jet Airways in what could mark his foray into aviation.

Agarwal submitted the EoI through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon. The other entities who submitted EoIs are Panama-based Avantulo Group and a Russian company.

Volcan Investments owns 100 per cent in Vedanta Resources, the group’s diversified metal and mining company. Volcan Investments said its interest in Jet was exploratory in nature.

“Volcan Investments, an investment company for Anil Agarwal, in an exploratory move, has sought an EoI for Jet