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Will Jet Airways fly high?
Experts believe there is a laundry list of issues that Jet Airways and its new owners will need to deal with in the near future:
Approval of NCLT: The creditors have already approved the plan. In October, a member of the Kalrock board said that the new owners look forward to “engaging with the Jet Airways stakeholders, and bringing back the glory and legacy of the airline.”
Investments: Even as Jet resumes operations on a smaller scale, it would need a substantial amount of funding to sustain. “It has to be seen how quickly and how much are the new owners going to invest in the airline,” Nainan said. Meanwhile, as per a report in The Times of India earlier this month, the new owners have offered $53.5 million as startup capital, with another $87 million in the first year of operation. Additionally, the new owners have to negotiate contracts with various vendors including fuel retailers and aircraft lessors.
