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.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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