The Jalan-Kalrock consortium has emerged as the winning bidder for the debt-ridden Jet Airways through the insolvency resolution process
The Jalan-Kalrock Consortium is currently the promoter of Jet Airways. The airline in its old avatar was owned by Naresh Goyal and had operated its last flight on April 17, 2019
Kapoor, who is currently the president of Oberoi Hotels and Resorts, has been associated with budget carriers SpiceJet and GoAir as well as with full-service carrier Vistara in various capacities in the past.
Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings
Last Thursday, the airline conducted its test flight to and from the Hyderabad airport in a step towards obtaining the air operator certificate.
Prior to joining SriLankan Airlines, he was the CFO & Board Member of TAAG Angola Airlines from November 2015 to July 2018 under Emirates Management.
The full-service carrier, which stopped flying more than three years ago, is being revived under the ownership of the Jalan Kalrock consortium and completed its first phase of proving flights on Sunday
Murari Lal Jalan and Florian Fritsch consortium's resolution plan for the grounded carrier was approved by the NCLT in June 2021 under the insolvency resolution process.
The Association of Aggrieved Workmen of Jet Airways (India) Ltd had sought a copy of the approved resolution plan and the latest direction has come on a plea...
Jet Airways has been acquired by the Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of...
