Aborted Take-off

The revival of what was once a leading airline looks challenging now

- MANISH PANT

COMPANIES OFTEN RISE from the ashes like the mythical phoenix. But in the case of airline companies, that has seldom happened. Once an airline goes down, it rarely takes to the skies again.

However, when the Jalan-Kalrock Consortium JKC) won the bid in October 2020 to revive Jet Airways, most thought that the impossible might finally happen. However, with both lenders and a staff association questioning the intent of the airline’s new owners, the carrier’s fate might already be sealed.

Jet 2.0 was expected to take wings again from October this year. However, corporate circles suggest the plan is stuck owing to the non-fulfillment of payment obligations by the winning bidder, JKC.