SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Sensex off day's low; Nifty above 14,600; banks, financials drag

Asian stocks slip as global rally skids on inflation fears

Oil prices slip on surprise build in US crude stocks

Rupee tanks 67 paise to 73.10 against US dollar in early trade

Jet Airways may fly again by July-Aug, says Murari Lal Jalan of Jalan-Kalrock consortium

Updated : February 21, 2021 05:21 PM IST

The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year.

Almost two years after India’s oldest private airline was grounded, Jet Airways may be able to fly again by July or August of this year, the potential new owner of the airline told CNBC-TV18.

Murari Lal Jalan, the lead member of the Jalan-Kalrock consortium, said that the unexpected delay in securing National Company Law Tribunal’s (NCLT) nod may push the plans to get Jet Airways back in the sky by two to three months.

The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year but is still awaiting the final clearance from NCLT before it can take over the airline.

In a conversation with CNBC-TV18, Jalan said that while the initial plan was to get the airline flying again by April this year, he now expects the pending NCLT approval to come in over the next 3-4 weeks, and have the airline up and running by July-August.

Read here: Meet the potential new owners of Jet Airways: Kalrock Capital & Murari Lal Jalan

Murari Lal Jalan is a UAE based entrepreneur and has investments in several sectors like real estate, mining, trading, construction, fast-moving consumer goods, dairy, travel & tourism and industrial works globally, according to reports.

Jalan is the founder and Chairman of a realty firm by the name of MJ Developers, which is currently engaged in developing residential and commercial properties in Uzbekistan. However, he does not have any prior experience in aviation.

You May Also Like

KVIC's e-market portal achieves Rs 1.12 crore turnover in 8 months

KVIC's e-market portal achieves Rs 1.12 crore turnover in 8 months

Important update for passengers boarding domestic flights from Mumbai airport

Important update for passengers boarding domestic flights from Mumbai airport

Countdown begins for ISRO's first mission in 2021, Brazil's Amazonia-1 on board

Countdown begins for ISRO's first mission in 2021, Brazil's Amazonia-1 on board

Trending on CNBC-TV18

Live TV

recommended for you