Quixplained: Grounded since 2018, is there potential to revive Jet Airways?

Last week, a group of lenders approved a bid by a consortium for revival of Jet Airways, which has been grounded since April 2018 for lack of funds. This could be the first step in a possible turnaround of India’s oldest private airline. Jet Airways’ creditors have approved a resolution plan submitted by a consortium of UK-based Kalrock Capital and UAE-based businessman Murari Lal Jalan. 

Now, does the airline really have potential to come back?

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