Stock Market Updates: A sharp drop in IT and private bank stocks dragged domestic indices lower on Tuesday, even as PSU banks and metals stocks continued their northward march. From its new record high of 52,517 reached today, the S&P BSE Sensex plunged 650 points to hit a low of …
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Jet Airways shares have risen more than 5 times from the lows of 15 rupees reached in March this year. Shares of Jet Airways were locked at a 5 percent higher loop to Rs 75.60 on the BSE a day after its new owners announced a revival plan for the …
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Jet Airways Ltd, the full-service airline that went bankrupt in 2019, could be back in the skies as early as the summer of next year as the new promoters, Murari Lal Jalan and Kalrock Capital, intend to start domestic operations and international with all the slots that were available to …
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NEW DELHI: Jet Airways 2.0 could return to the skies next summer of the summer, two years after Jet 1.0 was grounded in April 2019. The Jalan-Kalrock consortium, allowed to revive the airline by Jet creditors, made its first Monday public announcement after winning the award. offer. He said Jet …
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A day after the plan to get Jet Airways back online, experts have said it will be “very difficult and uncertain.” The airline’s creditors on Saturday approved a multi-million dollar resolution plan under which Jet Airways would be acquired by a consortium of investors. However, experts say that the road …
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Jet Airways creditors have approved a resolution plan that will give the nation’s oldest private airline a new life, the airline said in a regulatory filing on Saturday. The plan unveiled by a London-based consortium of Kalrock Capital and UAE businessman Murari Lal Jalan comes after months of talks about …
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NEW DELHI: Rekindling Hope for Jet Airways To fly again, the airline’s committee of creditors on the ground since last April approved a revival plan presented by a London-based consortium of Kalrock Capital and UAE businessman Murari Lal Jalan. The airline can fly in the middle of next year if …
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Eighteen months after its closure and sixteen months after it became the first airline to be admitted under the insolvency and bankruptcy code (IBC), Jet Airways is finally ready to return, albeit with a new owner: Kalrock Capital and Murari Lal. They pull. The Kalrock Capital – Murari Lal Jalan …
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NEW DELHI: Jet Airways (India) Ltd lenders approved on Saturday the resolution plan submitted by UK-based Kalrock Capital and UAE-based businessman Murari Lal Jalan to reactivate and operate the airline more than a year after the airline was suspended due to serious funds cracking under the ownership of its founder …
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