Jalan Kalrak says Jet Airways will resume domestic operations in 2022:Breaking News Blog brings you the latest important news from India and around the world. All news updates from across the country and around the world are happening here.
Jet, India’s largest private airline, stopped flying in April 2019 due to a cash crunch, leaving billions and thousands of lenders jobless.
The defunct airline in June approved a resolution submitted by the National Corporate Law Tribunal (NCLT) to London-based Kalrak Capital and UAE businessman Murari Lal Jalan Coalition.
The bankruptcy court’s decision came months after jet lenders approved a resolution submitted by the federation in October last year.
“Jet Airways 2.0 aims to resume domestic operations within Q1-2022 and short-term international operations by Q3 / Q4 2022,” said Murari Lal Jalan, a leading member of the Jalan CalRock Federation and unpublished executive chairman of Jet Airways.
Jet, which operates a fleet of more than 120 aircraft serving dozens of domestic locations and international hubs such as Singapore, London, and Dubai, said it already employs more than 150 full-time staff and plans to hire another 1,000 in fiscal 2021. In 22 sections.
Shares of Jet Airways traded higher at around Rs 84.40 apiece, circling above them.