Jet Airways’ revival could get delayed
A revival of Jet Airways (India) Ltd is likely to get prolonged as the airline faces fresh litigation, besides challenges in procuring slots at the country’s busiest airports of New Delhi and Mumbai.
While the new promoters of Jet Airways, a consortium comprising UAE-based entrepreneur Murari Lal Jalan and London-based Kalrock Capital, were planning to relaunch the airline by early 2022, Punjab National Bank, which had earlier approved the resolution plan, has thrown a spanner in the works by approaching the National Company Law Appellate Tribunal (NCLAT).
That apart, NCLAT has also agreed to hear claims by two Jet Airways employee unions who have raised concerns over pending dues and retirement benefits under the resolution plan.
