Jet Airways aims to resume domestic operations by 2022

According to the Jalan Kalrock Consortium, which has been chosen to take ownership of Jet Airways following its suspension in April 2019, the Indian airline is ready to resume domestic operations.

Through a time-sensitive infusion of fresh capital, the Consortium intends to fast-track the implementation of the Approved Resolution Plan through the National Company Law Tribunal (NCLT).

As per the plan approved by the NCLT in June, the Consortium intends to start paying all stakeholders, including ex-employees, workmen and lenders of Jet Airways. The Consortium indicated December 22 as the “effective date” for its plan, and seeks to implement it as soon as possible based on the plan approved by NCLT in June.

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