Jet Airways Bidder May Exit Deal
AVIATION & AIRPORTS

Jet Airways Bidder May Exit Deal

The Jalan-Kalrock Consortium, the winning bidder for the revival of Jet Airways, is considering exiting the deal due to significant delays and ongoing legal challenges. Initially hopeful, the consortium has faced numerous hurdles in the complex insolvency process, including unresolved financial issues and regulatory setbacks. Jet Airways, once a leading Indian airline, ceased operations in 2019. The consortium's frustrations stem from continuous setbacks, disagreements with creditors, and the lengthy process of obtaining necessary approvals.

Jet Airways' grounding left a void in the Indian aviation market, and its potential revival was seen as a positive development. However, the prolonged legal battles and financial complications have made it increasingly difficult for the Jalan-Kalrock Consortium to proceed with their plans. The consortium's patience is waning as they grapple with these persistent challenges, leading them to reconsider their commitment to the airline's revival.

Despite the consortium's initial optimism, the ongoing issues highlight the complexities of reviving a defunct airline through an insolvency process. The lengthy delays and legal entanglements are causing significant frustration, making an exit from the deal a viable option for the consortium. If the consortium decides to withdraw, it would mark a significant setback for Jet Airways' revival hopes and the broader aviation sector in India.

The situation underscores the difficulties faced by investors in navigating India's insolvency regulations and the challenges of reviving an airline in a competitive and regulated industry. The consortium's potential exit could lead to further delays in Jet Airways' return to the skies, impacting employees, creditors, and the aviation market at large.

The Jalan-Kalrock Consortium, the winning bidder for the revival of Jet Airways, is considering exiting the deal due to significant delays and ongoing legal challenges. Initially hopeful, the consortium has faced numerous hurdles in the complex insolvency process, including unresolved financial issues and regulatory setbacks. Jet Airways, once a leading Indian airline, ceased operations in 2019. The consortium's frustrations stem from continuous setbacks, disagreements with creditors, and the lengthy process of obtaining necessary approvals. Jet Airways' grounding left a void in the Indian aviation market, and its potential revival was seen as a positive development. However, the prolonged legal battles and financial complications have made it increasingly difficult for the Jalan-Kalrock Consortium to proceed with their plans. The consortium's patience is waning as they grapple with these persistent challenges, leading them to reconsider their commitment to the airline's revival. Despite the consortium's initial optimism, the ongoing issues highlight the complexities of reviving a defunct airline through an insolvency process. The lengthy delays and legal entanglements are causing significant frustration, making an exit from the deal a viable option for the consortium. If the consortium decides to withdraw, it would mark a significant setback for Jet Airways' revival hopes and the broader aviation sector in India. The situation underscores the difficulties faced by investors in navigating India's insolvency regulations and the challenges of reviving an airline in a competitive and regulated industry. The consortium's potential exit could lead to further delays in Jet Airways' return to the skies, impacting employees, creditors, and the aviation market at large.

Next Story
Infrastructure Urban

Punjab Allocates Rs 3.6 Billion to Upgrade Ludhiana Schools

Punjab Education Minister Harjot Singh Bains, joined by Rajya Sabha Member of Parliament Sanjeev Arora, announced Rs 360 Mn for school infrastructure upgrades in Ludhiana. The investment is part of the Punjab Sikhya Kranti initiative led by Chief Minister Bhagwant Mann to modernise government schools. The plan includes Rs 170 Mn for the Shaheed-e-Azam Sukhdev Thapar School of Eminence in Bharat Nagar and Rs 30 million for upgrades at the Jawahar Nagar branch. Schools in Gobind Nagar and Cemetery Road will each receive Rs 20 Mn and be developed as Schools of Brilliance. Rs 15 Mn will go to th..

Next Story
Infrastructure Urban

SGPGIMS to Boost Fire Safety with 14 New Officer Appointments

Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS) in Lucknow will appoint 14 fire safety officers and support staff to enhance its fire safety infrastructure. The decision was taken during the institute’s 102nd Governing Body meeting, chaired by Chief Secretary Manoj Kumar Singh. The move comes after a fire incident in December 2023, prompting a re-evaluation of safety measures. The chief secretary directed SGPGIMS to adopt strict fire-safety protocols and ensure appropriate staffing levels to maintain constant preparedness. SGPGIMS director Professor Radha Krishna Dhiman..

Next Story
Infrastructure Urban

Kaushalya Logistics Expands Depot Network, Partners with Adani Cement

Kaushalya Logistics has partnered with Adani Cement and expanded its operational footprint as part of an aggressive growth strategy in the cement logistics sector. The company has also strengthened ties with Dalmia Bharat and JK Cement to enhance service capacity. Over the past four months, Kaushalya Logistics has grown its depot network from 70 to over 100 locations. This expansion supports the company’s efforts to meet rising demand from India’s infrastructure and construction sectors. In March 2025, the company handled 0.3 tonnes of cement—a 50 per cent increase from the 0.2 tonne..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?