Jet Airways will launch in four to six months
Expect Jalan Karlrock Consortium after final approval of NCLT
Mumbai / New Delhi: Jet Airways, which has been shut down due to mounting debt, is expected to open in the next four to six months, the Jalan Karlrock consortium said. In this case, it is necessary to get the green light from the NCLT. With the approval of the NCLT, Jet Airways planes will be re-launched. Jet Airways closed in 2019. The company then went bankrupt under the Bankruptcy and Insolvency Act.
The National Company Law Tribunal (NCLT) is yet to decide on the final proposal for the airline. Leading member of the winning consortium Murari Lala Jalan told PTI today that everything was back on track as part of the airline’s revival efforts.
“We are positive about Indian airspace as the region is recovering from the corona virus crisis,” he said. Jet Airways will initially start flying with about 25 aircraft.
“We hope the NCLT decision will be taken soon,” he said, adding that a delay of one or two months in reviving such a large airline would not make much difference. In October last year, a consortium of UK-headquartered Carrollrock Capital and UAE-based entrepreneur Jalan won the Jet Airways tender. Jet Airways has been on the ground since April 17, 2019.
Tags: Jalan Karlrock Consortium, jet airways, Mumbai, New Delhi