Jet Airways plans to return with a mix of premium, no-frills services

The consortium infused Rs 500 million into Jet Airways 2.0 -- as it is dubbed by the new owners -- in January, and lenders have said they don't object to an extension of 60 days.

Jet Airways India Ltd., which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former top local airline to claw back market share while managing costs in the fiercely competitive Indian aviation market.

The bankrupt airline, now helmed by a new set of owners, will have a two-class configuration where business class passengers will be offered services including free meals, its new Chief Executive Officer Sanjiv Kapoor said in an interview near New Delhi on Wednesday. The economy class will, however, be modeled similar to low-cost carriers where flyers pay