Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan.
Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).
Against the backdrop of the National Company Law Tribunal (NCLT) likely to take a final call on the resolution plan for the airline, the winning consortium’s lead member Murari Lala Jalan told PTI that “everything is on track” as far as the revival efforts for the carrier are concerned.
Stressing that he is very positive about the Indian aviation sector, which is recovering from the impact of the coronavirus pandemic, Jalan said that initially Jet Airways will resume flying with around 25 aircraft within this year.
The fleet is expected to be a mix of narrow-body and wide-body planes.
“We will start with passenger services. All options, either it is cargo, or international (services) or anything, are open,” Jalan said.
Report by Chetali S M
Reported on – 23/02/2021