Path to restart Jet Airways operations very tough, uncertain, says expert

Mumbai: The path to recommence operations of the grounded Jet Airways NSE 4.98 % is very tough and uncertain despite the committee of creditors (CoC) approval of the airline’s revival plan submitted by the Kalrock Capital-Murari Lal Jalan consortium, aviation advisory and research practice CAPA India head Kapil Kaul has said. The plan was approved after the conclusion of the e-voting on the proposal, Jet Airways RP (resolution professional) Ashish Chhawchharia had informed the BSE on Saturday.

After failing to get funds even for daily operations, the then cash-strapped airline announced temporary suspension of services on April 17 last year and the last flight S2-3502 that took off from Amritsar at around 1030 pm touched down at Mumbai’s Chhatrapati Shivaji International Airport at 12.22 am on April 18.