Getting its slots given to other Indian carriers back are going to be a key think about Jet Airways taking to the skies again under new owners. “The airline has 12 aircraft on its books, nine wide body and three narrow body Boeing 737-800. So 10 aircraft are in India and therefore the consortia’s plan is to restart the airline with a couple of additional narrow body planes within the next six months.
The winning consortia, London-based Kalrock Capital and UAE businessman Murari Lal Jalan, are likely to initially put in Rs 400 crore and infuse about Rs 650 crore altogether within the first year for Jet-2.0 to require to the skies again. Jet-1.0 was grounded on April 18, 2019. In first two to 3 years, an investment of about Rs 2,000 crore will come from the consortia and income is additionally expected to resume with ticket sales once the airline starts flying again.
The upfront payment, some payment are going to be made to lenders per annum . The hope: rather than writing off all debt to Jet-1.0, get some a refund and if Jet-2.0 is successful then cut the losses through gain in stake value.
The consortia is probably going to possess a mixture of existing Jet employees and new employees.
