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Jet Airways' Bumpy Flight Path Points to Serious Issues with India's New Bankruptcy Code

India’s insolvency proceedings are not working well. The Jet story illustrates some of the costs India is incurring. It is not about the airline alone. ....

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Jet Airways to fly again

Jet Airways to fly again
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Jet Airways: Meet The Airlines' New Owners

Jet Airways: Meet The Airlines New Owners
Jun 22 2021, 5:00 PM
June 22 2021, 4:59 PM
June 22 2021, 5:00 PM
After a resolution process lasting nearly 24 months, insolvent Jet Airways (India) Ltd. has found a buyer.On Tuesday, a consortium of U.K.-based Kalrock Capital Partners and Murari Lal Jalan was approved as successful resolution applicant for the beleaguered airline, by the National Company Law Tribunal. In its order the tribunal asked the government to decide on giving slots to Jet Airways in a way which does not make the resolution.
After a resolution process lasting nearly 24 months, insolvent Jet Airways (India) Ltd. has found a buyer. ....

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Jet Airways engineers' body files NCLT application for quick resolution

The Jet Airways Aircraft Maintenance and Engineers Workers Association (JAMEWA) has filed an application with the NCLT to expedite the insolvency process of the airlines before the end of this month so that it can get summer slots .
According to the application filed on Wednesday, for summer months the international slots will be allocated by the end of January 2021.at present, the corporate debtor s slots, both international and domestic, have been temporally allocated to other airlines.
The application said the slots are for take off and landing timings at extremely busy airports such as Mumbai and Delhi that are specifically allocated to a particular airline. ....

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