Jet Airways to chart a new flight path

09:49pm, Monday, 19'th Oct 2020
On Saturday, lenders to Jet Airways (India) Ltd accepted a Rs 1,000-crore bid by a consortium of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan to revive and operate the airline
The consortium of Britain’s Kalrock Capital and UAE Entrepreneur Murari Lal Jalan has become the new owner of Jet Airways.
Jet Airways shares were locked in a 5 per cent upper circuit for an eighth session in a row. The stock in the last eight sessions the stock has rallied 47 per cent.
The move to revive and operate the airline comes after the carrier had to suspend operations due to acute fund crunch an year ago
Jet Airways hasn’t flown since 17 April 2019 after it halted flights due to an acute cash crunch
जेट एयरवेज (Jet Airways) एक बार फिर आसमान में उड़ान भर सकेगा.  जेट एयरवेज को कर्ज देने
The new promoters will have to invest in the carrier to make it ready to fly again
The airline, which was grounded on April 17, 2019 due to acute fund crunch under the ownership of founder Naresh Goyal, will now be controlled by Kalrock and Jalan.
Resolution professional Ashish Chhawchharia said that the proposal was selected after voting concluded Oct. 17.The other consortium comprised Haryana-based Flight Simulation Technique Centre, Mumbai-b
The voting on the resolution plans submitted by two bidders was supposed to end on Friday.The carrier was admitted to the National Company Law Tribunal (NCLT) in June 2019
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According to a report, eighteen months after it was grounded, Jet Airways is all set for a comeback.
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