Jet Airways (India) Ltd, the full-service airline which went bankrupt last year, could be back in the skies as early as the summer. Its new promoters, Murari Lal Jalan and Kalrock Capital, plan to start domestic and international flights with all the slots that were available to the airline before it stopped operations.
The promoters contemplated starting a new airline but chose to stick with the Jet brand due its continuing value, connect with customers and important flight slots at various airports.
As per the resolution plan, Jet Airways intends to operate all of its historic domestic slots in India and restart international operations. If everything goes by plan, and the new consortium receives the National Company Law Tribunal’s and other regulatory approvals on time, Jet Airways will be back in the skies by the summer of 2021, according to a statement issued by the company.
