The first domestic flight of Jet Airways will be on Delhi-Mumbai route and the Consortium is also looking to restart short haul international operations by Q3/Q4 of 2022.
The airline's new owners — businessman Murari Lal Jalan and Kalrock Capital — have proposed paying only Rs 3.8 billion of the Rs 78.1 billion they owe to financial creditors.
Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
A consortium led by Murari Lal Jalan and Kalrock Capital has set a revival plan, which includes a dedicated freighter service and hubs in small cities beyond Delhi and Mumbai.
The UK-based group, run by brothers Gopichand Hinduja, Ashok Hinduja, plans to submit an expression of interest by 15 January, signaling its intent to make a formal offer.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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