Key Points
The Jalan Kalrock Consortium (JKC), the winning bidder for Jet Airways, said Monday it has received the Indian air operator's permit to take to the airline to the skies again, years after it was grounded...
The consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28, 2023, thereby reinforcing its commitment to revive 'India's most admired airline,' the company said in a press statement...
Shares of Jet Airways jumped about 5% to Rs 50.80 in morning trade on BSE Sensex, which was last up 0.12%...
"The Jalan and Kalrock Consortium remains fully dedicated to the revival of Jet Airways and is committed to implementing a comprehensive strategy to ensure the airline's success," the consortium said.. JKC said it will continue to work closely with all relevant authorities, industry partners, and stakeholders in reviving Jet Airways in coming weeks...
Before the National Company Law Appelate Tribunal (NCLAT), banks said saying the consortium hasnt infused any money to repay creditors while JKC said the lenders have thwarted transfer of ownership and challenged its every effort to commence operations at Jet...
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