An about-turn on airport slots has stymied the resolution process, putting a question mark on the Jalan-Kalrock consortium’s plan to rope in a Middle East airline to revive Jet Airways.
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It’s been over a month since the consortium of UAE-based entrepreneur Murari Lal Jalan and UK’s Kalrock Capital, which won the bid for Jet Airways in October last year, signed a memorandum of understanding with a prominent airline from the Middle East. The plan it envisages is simple. The airline will manage the operations of Jet Airways, which was grounded in April 2019, in return for a fee, and considerable benefit to its own traffic. Ironically, in its earlier avatar too, Jet Airways had the backing of an airline from the region; Etihad Airways was a minority partner.
“It is a perfect fit. The partnership will bring great quality of service to the Indian aviation industry, something Jet Airways was known for,” says a senior executive from the industry. He asked that the name of the partner airline be kept under wraps for reasons of confidentiality.
But what’s stopping the Jalan-Kalrock consortium and its airline partner from announcing the deal
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