Business Standard

Sunday, December 22, 2024 | 02:16 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Beleaguered Jet gets another EoI; CoC extends deadline for resolution plan

The other two entities which have expressed interest in reviving Jet are New Delhi-based Prudent ARC and South America's Synergy Group

Jet Airways
Premium

Aneesh PhadnisSubrata Panda Mumbai
Russia-based Far East Development Fund has  submitted an expression of interest (EoI) for the beleaguered Jet Airways, sources close to the development said. This is the third EoI that the airline has received in the second round of bidding. 

Following the development, the committee of creditors on Tuesday decided to extend the date for submitting a resolution plan to March 9. The Russian fund submitted their interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process. The idea behind the bid is to explore developing Moscow and St. Petersburg
Topics : Jet Airways

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in