Jet Airways may take a year to start flying again after revival plan approval

Jet Airways NSE 4.98 % may take around a year to take to the skies again after a bankruptcy court approved a revival plan for the grounded private-sector carrier that was once the leader in the Indian market.

The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several approvals and clearances before it takes to the skies again.