Jet Airways’ would-be owners push start of operations to July; pending cases indicate further delay
Jet Airways’ potential new owners want to start operating the airline by July, four months after they had originally planned for it to resume operations. But with close to 40 pending cases in India’s bankruptcy court against the carrier, it may stretch much longer said industry insiders.
The consortium of London-based investor Kalrock Capital and Gulf-based businessman Murari Lal Jalan had in October 2020 got approval for its resolution plan to revive the grounded airline. In December, it said it wanted to resume Jet’s flights in the summer of 2021. Jet is undergoing an insolvency case at the National Company Law Tribunal (NCLT). The court is yet to approve the resolution plan.
