Jet Airways gets new owner, aircraft will fly soon

Oct 18 2020 01:09 PM
Jet Airways gets new owner, aircraft will fly soon

New Delhi: Reliable news is coming about the domestic airline Jet Airways which has been closed due to the financial crisis for a long time. The bankrupt private airline Jet Airways aircraft will once again be seen flying in the sky. Jet Airways said the resolution plan presented by Murari Lal Jalan and Florian Fritch won the bid to acquire the airline.

According to the news of IANS, the announcement was made by the resolution professional of Jet Airways, which is under the Insolvency and Bankruptcy Act (IBC) process through a regulatory filing. Jet Airways has been standing in the parking lot for almost one and a half years because the company has a loan of about 10 thousand crores, which it has not repaid.

Jet Airways resolution professional Ashish Chavcharia said the creditors' committee has concluded e-voting on the final proposal plans submitted by the two shortlisted bidders. In the information given to the stock exchange, the company has stated that the e-voting has been completed on 17 October 2020 and the resolution plan submitted by Murari Lal Jalan and Florian Fritch has been approved as per the rules.

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