{"id":306424,"date":"2019-12-20T10:18:14","date_gmt":"2019-12-20T04:48:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306424"},"modified":"2019-12-20T10:39:46","modified_gmt":"2019-12-20T05:09:46","slug":"dont-delay-decision-on-reviving-jet-airways-nclt-tells-synergy-group","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dont-delay-decision-on-reviving-jet-airways-nclt-tells-synergy-group\/","title":{"rendered":"Don&#8217;t delay decision on reviving Jet Airways, NCLT tells Synergy Group"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) has asked Synergy Group to hasten its decision on reviving Jet Airways. The South American group had failed to provide a resolution plan before December 16 deadline due to uncertainty on airport slots and would have to participate in a fresh bidding process proposed by lenders. Michael Welch, Synergy&#8217;s executive president, informed the NCLT&#8217;s Mumbai Bench that the group was keen to revive the airline by forming a new company upon takeover with all Jet&#8217;s assets, aircraft, employees and it operating permit but all liabilities.&#8221; Undoubtedly it will be challenging but we see an opportunity,&#8221; Welch said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) has asked Synergy Group to hasten its decision on reviving Jet Airways. The South American group had failed to provide a resolution plan before December 16 deadline due to uncertainty on airport slots and would have to participate in a fresh bidding process proposed by lenders. Michael Welch, Synergy&#8217;s executive president, informed the NCLT&#8217;s Mumbai Bench that the group was keen to revive the airline by forming a new company upon takeover with all Jet&#8217;s assets, aircraft, employees and it operating permit but all liabilities.&#8221; Undoubtedly it will be challenging but we see an [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-306424","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}