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NCLT to hear Jet revival plan on Dec. 11

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The NCLT is predicted to take up Jet Airway’s revival plan ready by the consortium led by Murari Lal Jalan and Kalrock Capital and accredited by the airline’s decision skilled, later this week.

The consortium has mentioned that Jet aimed to be again within the skies by the summer time of 2021 as a full-service service, offered its home slots at numerous airports are returned to it. These have been reallocated by the federal government to different Indian carriers, after Jet shut operations in March final 12 months.

The National Company Law Tribunal (NCLT) is probably going to maintain the subsequent listening to on December 11, when it’s anticipated to take up the revival of Jet Airways.

“The Jet 2.0 hubs will remain in Delhi, Mumbai, and Bengaluru like before. The revival plan proposes to support Tier 2 and Tier 3 cities by creating sub-hubs in such cities,” the consortium mentioned. It added that it will additionally like to make the most of the potential of cargo providers as soon as distribution of COVID-19 vaccines begins in India.

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