Jet Airways can resume operations under a new owner more than two years after it collapsed, according to the National Company Law Tribunal (NCLT) on Tuesday. Jet Airways, once India’s biggest private carrier, suspended operations in April 2019, due to financial distress and has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) since then.
“They have to work together with the ministry officials and airports to obtain the slots. In some airports it may not be possible to operate the exact same slots,” Ashish Chhawchharia, the court-appointed professional running the carrier’s insolvency, told Bloomberg on Tuesday.
