Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC)., , jet airways, Jalan Kalrock Consortium, Insolvency, bankruptcy
The new owner is in a hurry to take the airline airborne with 25 aircrafts
Murari Lal Jalan of the Jalan-Kalrock consortium told PTI that they expect to restart the defunct airline s operations in four to six months after receiving approval from the National Company Law Tribunal (NCLT) for its resolution plan.
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Earlier in December last year, Jalan said that it plans to operationalise Jet Airways by the summer of 2021, subject to certain conditions.
The NCLT likely to take a final call on the airline s resolution plan, the winning consortium s lead member Murari Lala Jalan told that everything is on track as far as the revival efforts for the carrier are concerned. Stressing that he is very positive about the Indian aviation sector, the new owner of Jet Airways said that initially, the airline would resume flying with around 25 aircraft.
Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan. Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC). Against the backdrop of the National Company Law Tribunal (NCLT) likely to take a final call on the resolution plan for the airline, the winning consortium s lead member Murari Lala Jalan told PTI that everything is on track as far as the revival efforts for the carrier are concerned.
Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).