In its latest order on March 12, the appellate tribunal instructed the lenders, led by the State Bank of India, to complete the ownership transfer within 90 days.
Around 800-900 flights of India’s largest domestic airline were delayed on Friday as employees called in sick amid recruitment drives at rival airlines Air India, Jet Airways, and Akasa Air.
Jet Airways shares hit 5% upper circuit for the second straight session, as the airline received security clearance from the home ministry after a successful test flight last week.
When the National Company Law Tribunal approved the revival of the erstwhile Jet Airways, a new chapter in India’s aviation sector got scripted. But will the airline fly again?
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?