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Jet Airways ready to restart domestic operations in India

Jet Airways is ready to commence domestic operations, according to the Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways. The Indian airline suspended operations in April 2019 after it ran out of funds. The Consortium has approached the National Company Law Tribunal (NCLT), the bankruptcy court where Jet Airways’ new owner was decided, to fast track the implementation of the Approved Resolution Plan by infusing fresh capital in Jet Airways. Consortium commits to funding and reviving Jet Airways.

The Consortium has stated that they want to commence payments to all stakeholders including ex-employees, workmen, ticket claimants, read more ⇒

Source:: AirlineRatings.Com

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