With the National Company Law Tribunal (NCLT) giving its go-ahead for the resolution plan, Jet Airways NSE 4.98 % could be back in the skies by the end of this year if everything goes well, according to the airline’s Resolution Professional Ashish Chhawchharia. Chhawchharia is managing the affairs of the grounded Jet Airways since the resolution process started under the insolvency law two years ago.
On Tuesday, NCLT’s Mumbai bench approved the resolution plan submitted by a consortium of UK’s Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan.
