“I WOULD SUBSCRIBE to the view that it’s an aborted mission,” says Jitender Bhargava, the former executive director of Air India, on the ongoing revival efforts of grounded legacy airline Jet Airways. Even as the National Company Law Tribunal (NCLT) has given its nod to the revival of the airline by the U.K.based Kalrock Capital and U.A.E.based entrepreneur Murari Lal Jalan, naysayers and aviation analysts agree that the NCLT ruling can’t be viewed as Jet 2.0 being ready for a second take-off. “It’s probably months before anything happens,” says Harish H.V., managing partner at ECube Investment Advisors, an environmental, social, and governance fund.
However, the NCLT ruling paves the way for the first Indian airline to be resurrected from closure under the new bankruptcy law, after over a dozen airlines have fallen by the wayside since the early 1990s. In June this year, the Mumbai bench of the NCLT approved the ₹1,375-crore revival plan for Jet Airways that was submitted by Kalrock and Jalan, both of whom aren’t known in the aviation industry. The revival plan includes payments of ₹380 crores to financial creditors, ₹52 crores to employees and workmen, and ₹10 crores to operational creditors.
この記事は Fortune India の August 2021 版に掲載されています。
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この記事は Fortune India の August 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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