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Mar 12, 2024 · Jet Airways has cleared a significant hurdle in its long-running revival plan, after an appellate tribunal approved the transfer of ownership to the Jalan-Kalrock Consortium, which must be...
Mar 12, 2024 · Jet Airways has been grounded since 2019. Jet Airways received a glimmer of hope for its revival after an appellate tribunal directed the bankrupt airline’s lenders to hand over the company to...
2 days ago · The Supreme Court’s decision could determine whether Jet Airways gets revived or heads for liquidation.
Sep 29, 2023 · Jet Airways has received a cash injection of over $42 million, completing the process initiated by the Jalan Kalrock Consortium to revive the airline. The consortium is determined to relaunch Jet Airways in 2024, after a failed attempt in 2022.
Mar 12, 2024 · The National Company Law Appellate Tribunal (NCLAT) gave its nod for the transfer of ownership of Jet Airways to the Jalan Kalrock Consortium (JKC) on Tuesday, March 12, 2024. The approval comes almost a year after the initial permission was granted in January 2023.
Jalan Kalrock Consortium, the new promoters of Jet Airways, said on Thursday it had deposited ₹ 100 crore in a move to revive the cash-strapped airline.
Jun 22, 2021 · Collapsed Indian airline Jet Airways moved a step closer to revival on Tuesday when a bankruptcy court gave approval to a resolution plan.
Sep 29, 2023 · The backers of India’s Jet Airways hope the revived carrier will commence operations in 2024 after fulfilling a debt repayment plan.
Sep 29, 2023 · Jet Airways may finally start flying in 2024 as the Jalan-Kalrock consortium (JKC) said it has completed investing Rs 350 crore to revive the now-defunct airline. The new promoters recently deposited Rs 100 crore into the airline, taking the total investment to Rs 350 crore.
Lenders to India's Jet Airways back in court. Legal counsel for lenders to the insolvent Jet Airways (JAI, Mumbai International) told India's Supreme Court last week that the would-be new owners, the Jalan-Kalrock Consortium (JKC), have failed to comply with any of the conditions set down to transfer ownership and that the court-approved ...
