Jet Airways’ revival plan gets court approval
India’s National Company Law Tribunal finally approved the resolution plan for long grounded airline Jet Airways. The plan was filed by owners Kalrock Capital and UAE-based entrepreneur Murarilal Jalan. The airline was grounded over two years ago.
The consortium is required to get the necessary licences within 90 days to restart the airline.
There are still issues over key airport slots that Jet Airways owned when it folded. The slots were later issued on a temporary basis to other airlines which the Ministry of Civil Aviation and regulator Directorate General of Civil Aviation say cannot simply be regained by Jet.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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