NEW DELHI: Nearly one-and-a-half years after it shut shop and admitted under the Insolvency and Bankruptcy Code (IBC), Jet Airways finally found a buyer on Saturday. The consortium of Kalrock Capital and Murari Lal Jalan are the new owners of the airline.
The details of the offer made by Jalan-Karlock to acquire the airline have not been disclosed. Analysts warned of many challenges for the new owners but even if everything goes right, it could still take up to eight months to get the Jet planes back in the skies.
