NEW DELHI: The new owners of once-bankrupt Jet Airways India are in talks with Boeing Co and Airbus SE to purchase at least 100 narrow body jets for the carrier’s fleet in a bid to revive what used to be the biggest private airline in the South Asian nation before it collapsed under a pile of debt.
The winning bidders for Jet Airways in a state-run bankruptcy resolution process — Dubai-based, Indian-origin businessman Murari Lal Jalan and Florian Fritsch, the chairman of London-based financial advisory and alternative asset manager Kalrock Capital Management Ltd. — plan to start flights in the first three months of next year, Ankit Jalan, a representative for the consortium, said in an interview with Bloomberg News.
The group will invest around Rs 1,500 crore ($200 million) via equity and debt in the airline over the next six months, half a year earlier than originally planned, Jalan, who is Murari Lal’s nephew, said earlier this week.
