Jet Airways had stopped flight services in the year 2019. However, Murari Lal Jalan and the CalRock consortium won the bid in June 2021 under the supervision of the National Company Law Tribunal (NCLT).
After nearly three years, once again Jet Airways airline is ready to fly in the sky. According to the airline's chief executive Sanjeev Kapoor, it is expected to start operations by the July-September quarter.
Sanjeev Kapoor has talked about the Jet Airways flight in an interview given to Mint. He said the airline is expected to get approval to operate flights by the end of April.
Sanjeev Kapoor said that there is sufficient availability of aircraft from both new and old leases. There are a lot of planes we can consider. We will decide what is best for us considering our needs and cost benefits. I don't want to give an exact number, but we are aware of its needs and competition.
The company was in huge debt: Let us tell you that Jet Airways was in huge debt. Because of this, the company had stopped flight services in the year 2019. However, Murari Lal Jalan and the CalRock consortium won Jet Airways' bid in June 2021 in the National Company Law Tribunal (NCLT)-monitored insolvency and resolution process.
