Will Jet Airways Fly Again? Resolution Plan Sparks Hope

October 19, 2020 0 By boss


For years, it was considered one of India’s finest airlines until financial turbulence and mounting debt left Jet Airways grounded. In the process, one of the finest chapters in Indian civil aviation appeared to have come to an end with thousands of employees left in the lurch and increasingly desperate. Now, there is fresh hope. A resolution plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan was approved on Saturday by the creditors of the airline. On the show tonight, Ashish Chhawchharia, the National Head, Restructuring Services, Grant Thornton Bharat, speaks to NDTV on the matter.

Source link