Jet Airways may start domestic flights after March 2022
- Shares of Jet Airways surged 5% today on reports that the airline is expected to resume its operations soon.
- The airline has been grounded since April 2019 and is currently awaiting a bankruptcy resolution.
- Check out the latest news and updates on Business Insider.
Shares of Jet Airways surged 5% today on reports that the airline is expected to resume its operations soon. The new owners of Jet Airways are Murari Lal Jalan, a businessman based in the United Arab Emirates, and the London-based Kalrock Capital.
*Share price as at 11:15 a.m
|Airline||Stock price change on Sep 13|
|Interglobe Aviation (which operates IndiGo flights)||-1.4%|
AdvertisementThe airline has been grounded since April 2019 and is currently awaiting a bankruptcy resolution. Meanwhile, one of its lenders, Punjab National Bank, which had earlier approved the resolution plan, has approached the National Company Law Appellate Tribunal (NCLAT) with an appeal against it.
One of its airplanes, a Boeing B777-300(ER), which was seized in the Netherlands for unpaid dues has now been sold off.
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