Is govt googly stopping Jet Airways from taking off again?

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.

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 …


Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

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