The Jalan-Kalrock Consortium (JKC), that is reviving Jet Airways, has said in a statement on Friday that due to the longer-than-expected time taken, there might be some ‘difficult but necessary near-term decision’ to manage their cashflows and secure their future as they await the possession of the airline. The consortium said that they are awaiting the handover of the company as per the NCLT process.
The consortium also said that there has been no delay from their side in the implementation of the plan and that they are in full compliance of the approved plan. It said that it is fully committed to reviving the airline, and has made significant progress in the relaunch of Jet Airways, including the revalidation of the Air Operator Certificate.
JKC said that they have a ‘wonderful blueprint’ for the revival of the airline, and it will be a game-changer in terms of strategy and business model. They aim to transform the airline-customer relationship from adversarial to win-win.
Ankit Jalan, board member, Jalan-Kalrock Consortium, said, “With a modern full-service business model, Jet Airways will provide customers in India a choice between full-service airlines, especially with the consolidation of airlines that is currently taking place in the industry”, further adding that there is ‘tremendous’ goodwill for the brand and public support for the revival of Jet Airways.
SOURCE – businesstoday.in / click to read full news at the source
