Who owns jet airways

Air Arabia clocks Dhm profit in Q Emirates cancels Chennai flights. This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy. Share on Facebook. Share on Twitter. Share on Whatsapp. Share on Mail. Share on LinkedIn. Once among India's largest airlines, Jet Airways will resume operations from the first quarter of This will be the first airline to be revived after more than two years.

The winning consortium has proposed to pay Rs crore against claims of Rs 7, crore raised by its financial creditors. The cash payment proposed by Kalrock-Jalan for each staffer is a token sum of Rs 11, and then Rs 5, towards medical reimbursements for workmen's parents, Rs 6, as reimbursement for workmen's children and a one-time mobile recharge of Rs Talace Pvt Ltd, a wholly-owned subsidiary of Tata Sons, has won the bid for acquiring Air India, marking the end of the process to privatise the national carrier with the government approving its disinvestment.

Jet Airways will commence operations in the first quarter next year, even though it continues to be trapped in legal complications. The new owners of Jet Airways have deferred the commencement of its operations for the fourth time in a year, even as the airline continues to be trapped in legal wrangles with lenders and employees.

The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several approvals and clearances before it takes to the skies again.

The consortium of London-based investor Kalrock Capital and Gulf-based businessman Murari Lal Jalan had in October got approval for its resolution plan to revive the grounded airline. The resolution proceedings went on for more than a year before Jet found a new investor in the Jalan-Kalrock consortium.

Jet stopped operating in April last year starved of cash and burdened by debt and dues. Faulty software and design of this aircraft were identified as the main reasons for these two crashes in which people lost their lives.

In Oct, Jet Airways advised plans to serve 14 destinations when it resumes domestic operations in It aims to resume international services within 12 months of resuming domestic services.

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You can also choose from our range of premium add-ons, including Route Maps, Fleet Data and more. Sudhir Gaur has been named acting chief executive of the resurrected airline. The appeal resulted in a stay of execution for the takeover's approval. The tribunal will hear the case on September 21, It began hiring personnel, for the time being, mostly in maintenance and administration but continues the search for a new chief executive officer.

Meanwhile, it is reportedly in talks with both Need help? To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation PRO.

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