Monday, March 15, 2021

"Hope To Restart Jet Airways In 6 Months": Consortium Chief To NDTV

New Delhi: Jet Airways can return to the skies as early as in six months, Dubai-based entrepreneur leading the efforts to save the airline Murari Lal Jalan told NDTV on Monday, bolstering hope for one of the biggest turnarounds in the aviation industry anywhere.

"I am expecting to fly Jet Airways in the next six months, which is dependent on NCLT (National Company Law Tribunal - the country's bankruptcy court) clearance," Mr Jalan said.

"Once NCLT clearance is done, there will not be any hurdle. We are hoping to be done very, very soon. It is very important to have routes that Jet used to have. And, as a full-fledged airline, we have a lot of corporate," he added.

Late last year, a consortium led by Mr Jalan and London-based Kalrock Capital that took over the ailing airline, which halted operations in April 2019 following bankruptcy because of a mountain of debt, had announced a revival plan.

The plan included a dedicated freighter service and hubs in small Indian cities beyond Delhi, Mumbai, and Bengaluru.

Mr Jalan on Monday told NDTV said the airline can return to its pre-pandemic scale of operations in five years.

15/01/21 NDTV

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