Explained | What are the challenges Jet Airways faces before it can take off again?

How viable could Jet Airways be, and what is the current aviation industry scenario?

Two years after Jet Airways — at the time India’s second-largest full-service airline — halted operations in 2019 as it ran out of cash, the carrier has a real chance at getting airborne again. The Mumbai Bench of the National Company Law Tribunal (NCLT) this week approved a resolution plan from a consortium comprising UAE-based businessman Murari Lal Jalan and U.K.-based Kalrock Capital, clearing the decks for the airline’s takeover and a potential revival. Against the claims totalling ₹15,432 crore that the resolution professional had admitted from operational and financial creditors, the Jalan-Kalrock consortium has offered to pay creditors, including banks, ₹1,183 crore over a five-year period.