Some 19 months after it was grounded, hope finally seems to have emerged for Jet Airways to take to the skies again. The bust airline\u2019s committee of creditors approved a revival plan submitted jointly by London\u2019s Kalrock Capital and UAE-based businessman Murari Lal Jalan. Details of the deal are still under wraps, but reports suggest they will get the business for a song, with very little money to be put in, the bulk of its debt written off, and a portion of the burden converted to equity that would give lenders a small stake in it.<\/p>\n
But then, Jet\u2019s creditors may be in no position to ask for anything better. Even pre-covid attempts at finding buyers had failed, and aviation has taken a hard knock since the pandemic struck, throwing into jeopardy the future of another one-time No. 1 carrier, Air India, which has languished on the block for even longer. <\/p>\n","protected":false},"excerpt":{"rendered":"
Some 19 months after it was grounded, hope finally seems to have emerged for Jet Airways to take to the skies again. The bust airline\u2019s committee of creditors approved a revival plan submitted jointly by London\u2019s Kalrock Capital and UAE-based businessman Murari Lal Jalan. Details of the deal are still under wraps, but reports suggest they will get the business for a song, with very little money to be put in, the bulk of its debt written off, and a portion of the burden converted to equity that would give lenders a small stake in it. But then, Jet\u2019s creditors […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-379197","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379197","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379197"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379197\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}