Jet Airways shares continue to fly high
NEW DELHI: Shares of Jet Airways extended their rally to Wednesday, gaining 5 per cent, after the National Company Law Tribunal (NCLT) gave its nod to the Jalan Kalrock Consortium’s bid for the airline. The stock jumped 4.98 per cent to Rs 104.40 — its upper circuit limit — for the day on both BSE […]
NCLT approves Jalan Kalrock Consortium”s resolution plan for Jet Airways
NEW DELHI: The National Company Law Tribunal (NCLT) on Tuesday approved the Jalan Kalrock Consortium”s resolution plan for the bankrupt-Jet Airways, two years after the once-storied airline went into insolvency proceedings. Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019 and a consortium of lenders, […]
Jalan-Kalrock consortium plans to operationalise Jet Airways by summer 2021
NEW DELHI: The consortium led by Murari Lal Jalan and Kalrock Capital on Monday said that it plans to operationalise Jet Airways by the summer of 2021, subject to certain conditions. Accordingly, the consortium has announced the revival of Jet Airways as a full-service carrier. “The Jet 2.0 programme is aimed at reviving the past […]