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 …
Read More »Creditors approve Jet Airways resolution plan
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 …
Read More »CoC approves Kalrock Capital-Murari Jalan plan to revive Jet Airways
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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