For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks
RBI's role should be thoroughly probed, says AIBEA
Industry sources said that it will be difficult to attract veteran executives unless they have a concrete stable plan
Stock in Mumbai-listed Jet Airways has surged almost 150 per cent this year versus a 42 per cent plunge in the 27-member Bloomberg World Airlines Index, which comprises the globe's biggest carriers
TTML, the top gainer among the list, has zoomed 192 per cent to Rs 8.62 from Rs 2.95 on the BSE.
The propensity to travel amongst Indians is going up as is their willingness to pay, says Alex Mcewan, Virgin Atlantic Country Manager-India
Here's a selection of Business Standard opinion pieces for the day
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little
When it shut operations, Jet Airways had close to 700 such slots pair including 116 and 214 in prime airports of Delhi and Mumbai
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014
Now, after the Kalrock-led consortium takes over the airline, the first task would be to retrieve its slots which were temporarily distributed among other players
Slot demand and allocation will depend on the fleet size, aircraft utilisation, and network.
Kalrock Capital-Murari Lal Jalan consortium was selected by committee of creditors in a voting process which concluded on Saturday
While Jet has admitted claims of over Rs 15,000 crore, the resolution plan consists of Rs 866 crore in upfront and deferred payment to creditors
The airline's employees have admitted claims of Rs 1,265 crore
He also said that the "terms" accepted by the Jet Airways creditors did not make sense to CAPA
Pilot-turned-airline owner and his partner Biraja Jena, who heads UAE-based fund Imperial Capital, say they are on course to launch FlyBig which has secured 16 routes under Phase-4 of UDAN
Kalrock Capital, a financial advisory and asset management company, was founded by European entrepreneur Florian Fritsch
A sessions court on Thursday rejected a revision plea of the Enforcement Directorate (ED) against a magistrate's order denying it permission to intervene in a cheating case against Jet Airways
Kalrock Capital is the favourite to win the bid with social media also abuzz about lenders choosing it