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