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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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 …
Big AI moves in the Middle East this week, Saudi Arabia-backed LIV Golf files for bankruptcy and other updates.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
The Manoj Chacko-led regional airline has had a promising start. Will the lessons of the past keep it on course while it expands?
