The Jalan-Kalrock Consortium (JKC) has said it is committed to restart Jet Airways and is looking for a new chief executive officer to replace Sanjiv Kapoor whose term ended on Friday.
Revival, however, will not be easy even if the consortium quickly secures control of the grounded airline, feel industry experts. This is due to changed market conditions and consolidation in the domestic market.
“Jet Airways has lost an opportunity to re-establish itself. There was space in the market for a second full-service airline after Air India. Go First is facing engine issues and SpiceJet has financial challenges and these