"Jet Airways 2.0 Will Fly Again By 2021 End," Says Man Handling Revival

Jet Airways' new routes will be decided within the next 90 days, said a top executive with Grant Thornton Advisory, which is handling its revival.

The grounded Jet Airways will take to the skies in its new avatar by the end of this calendar year. On a day when the company's revival plan was approved by the National Companies Law Tribunal (NCLT), a top consultant working on the airline also said that its new routes will be decided within the next 90 days. "Based on discussions I have been having, given the order has been received today, I think it would be a fair estimate to say that by the end of this calendar year we can hope to Jet in the skies again," Ashish Chhawchharia, Head of Restructuring Services at Grant Thornton Advisory, told NDTV. His company was appointed to oversee the airline's restoration by a consortium of London-based Kalrock Capital and the UAE-based businessmen Murari Lal Jalan which now owns Jet. Jet Airways was forced to ground all flights in April 2019, crippled by mounting losses. The carrier owes over Rs 8,000 crore to banks, with public sector lenders having significant exposure.