Get latest articles and stories on Latest News at LatestLY. Insolvency appellate tribunal NCLAT on Wednesday adjourned the hearing on the Jet Airways matter to November 9 over the issue of transfer of ownership of the grounded air carrier to the Jalan Kalrock Consortium (JKC). Latest News | Jet Airways Insolvency: NCLAT Adjourns Hearing to Nov 9.
It looks unlikely, say industry experts. Though the airline’s air operator’s permit will expire on May 19, its to-be owners, the Jalan Kalrock Consortium, is yet to pay lenders, hire a CEO or discuss slots with airports. Many senior executives have already exited the company.