Jet Airways, which has been shut for more than two years after mounting financial losses, is planning to resume service by the first quarter of 2022. This will be the first case of an airline revival through India’s insolvency process.
In June, the National Company Law Tribunal (NCLT) had given approval to the resolution plan of a consortium of Uzbekistan-based businessman Murari Lal Jalan and London-headquartered Kalrock Capital.
A person involved with the airline's business plan said the company had started engaging with aviation regulator Directorate General of Civil Aviation (DGCA) to revive Jet’s operator permit which lapsed.
Jet 2.0 has also given