Volcan investment withdraws EoI submitted for acquiring Jet Airways

Volcan Investments, one of the three players who had shown interest in the grounded Jet Airways, has withdrawn its expression of interest (EoI) a day after submission. With this, the chances of reviving the airline have faded. As per Volcan Investments, the EoI was exploratory in nature and on further evaluation and considering other priorities, the investment trust no longer intends to pursue it further. The other two players that had shown interest in the airline, Panama-based investment firm Avantulo Group and Russian fund treasury RA Creator, are required to submit the final bids by September 12, 2019.


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