The effort to get Jet AIrways back in the air may be slipping away.
The airline has been grounded for more than three and a half years.
Now the creditors of the airline are reportedly planning to sell eleven of its aircraft. If this sale goes through, it would be very difficult for the revived Jet Airways to resume operations.
This would probably force the airline into liquidation.
The company underwent a corporate insolvency resolution process under the (Indian) Insolvency and Bankruptcy Laws in April 2019. After several rounds of bidding, the Jalan-Kalrock Consortium emerged as the successful resolution applicant for Jet Airways in June 2021, giving the airline a new lease of life and paving the way for its revival.
The ownership of Jet Airways has not been transferred to the new buyer — the Jalan-Kalrock Consortium.
Jet Airways previously received its AOC again on May 20, 2022.
Top Copyright Photo: Jet Airways Boeing 737-85R WL VT-JTB (msn 39070) SNN (Michael Kelly). Image: 932398.
Jet Airways aircraft photo gallery: