Voting on Jet Airways revival underway, decision after October 16

Eighteen months after it was grounded, Jet Airways is all set for a comeback. Lenders to Jet have begun voting to choose its new owner. So far, two banks have voted on the resolution plans and the process is expected to continue till October 16.

Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.

Kalrock Capital, a financial advisory and asset management company, was founded by European entrepreneur Florian Fritsch, who set up his first company at the age of 16. Over the past two decades, he has invested in real estate, renewable energy, and electro mobility, including in Tesla in 2008.