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Do you believe Jet Airways will revive again?
Jet Airways, which has been shut for more than two years after mounting financial losses, is planning to resume service by the first quarter of 2022. This will be the first case of an airline revival through India’s insolvency process.
What is the future of Jet Airways?
Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022. Our plan is to have 50+ aircraft in 3 years and 100+ in 5 years,” Murari Lal Jalan, lead member of the Jalan Kalrock Consortium and the proposed non-executive chairman of Jet Airways said.
Who will buy Jet Airways?
The new owners of Jet Airways — Dubai-based businessman Murari Lal Jalan and Kalrock Capital Management Ltd. in London — have proposed paying 3.8 billion rupees ($51 million) of the 78.1 billion rupees they owe to financial creditors, according to a bankruptcy tribunal order tabled late Wednesday.
What will happen to Jet Airways share?
Public shareholding will be reduced to about 0.21 per cent. However, the new owners will have to ensure that the public shareholding is restored to at least of 10 per cent within a maximum period of 18 months and subsequently to 25 per cent within a maximum period of three years.
When Jet Airways will start its operations?
Jet Airways is expected to start domestic operations in the first quarters of 2022, the Jalan Kalrock consortium, the successful resolution applicant of the airways said in a press release. The airline intends to start its first flight from Delhi to Mumbai by Q1 2022.
Where is Murari Lal Jalan from?
How did Murari Lal Jalan go from Ranchi to the new owner of Jet Airlines. The new owner of Jet Airways- Murari Lal Jalan maintains a low profile among the business communities in India as well as Abroad. In February 2021, Jalan proposed promoters of Jet Airways in order to start a full-service airline in the country.