Lenders to grounded Jet Airways (India) Ltd received expressions of interest (EoIs) from Anil Agarwal’s family trust, a Russian firm and Panama-based fund Avantulo Group. But in a statement on Monday, Agarwal said the EoI submitted by his family trust was exploratory in nature.
He added “On further evaluation and considering other priorities, we intend to not pursue this further"
Agarwal said India is among the largest and fastest growing aviation markets in the world, while adding that he is optimistic that other airlines and investors will look at this opportunity.
Only two entities are left in the fray to buy stake in the airline after Volcan pulling out.
Etihad which holds 24 per cent stake in Jet Airways, also stayed away from participating in the second round.
In a statement, Etihad Monday said it has declined to submit an EoI to reinvest Jet Airways because of the unresolved issues concerning the airline's liabilities.