Who is reviving Jet Airways?

Earlier this year, India's national company law tribunal allowed the ownership of Jet Airways to be transferred to the consortium of the United Kingdom-based Kalrock Capital and UAE-based businessman Murari Jalan to revive what was once the nation's largest private carrier.



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The Jalan Kalrock consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28, 2023, thereby reinforcing its commitment to revive 'India's most admired airline,' the company said in a press statement.

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After a lengthy search for new investors, Jalan-Kalrock was selected as the winning bidder by creditors in October 2020, and a court panel approved the takeover and restart plan in June 2021.

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Florian Fritsch, owner of investment company Kalrock Capital, has teamed up with UAE-based non-resident Indian Murari Lal Jalan to buy and relaunch Jet Airways.

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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.

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