Jet Airways had already become the airline of choice for Indians, offering world-class service that put it way ahead of Indian Airlines and Air India in the eyes of flyers. The next few years saw Jet Airways going international and rapidly expanding its domestic market share.
Buffett followed his advice and “sheepishly” spent $850,000 on a used Falcon 20 jet, author Alice Schroeder wrote in “The Snowball: Warren Buffett and the Business of Life.” Buffett wrestled with the ostentatious purchase because it clashed with his upbringing and self-image.
New Delhi: Despite a prolonged legal battle, Jalan-Kalrock consortium remains committed to revive Jet Airways. The consortium of UAE-based businessman Murari Lal Jalan and UK's Kalrock Capital Partners expects to take control of the airline by end of the year and have asked banks to complete the regulatory process.