A Glimpse of Hope for Jet Airways

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Jet Airways was the largest commercial passenger airline in India with a passenger market share of 22.6%. With its competitors, mainly SpiceJet and IndiGo, lowering ticket fares in the following years, it was forced to follow suit, hurting overall performance resulting in steep financial losses. It dropped to second place behind IndiGo in October 2017, with a passenger market share of 17.8%. The downward slide continued and resulted in bankruptcy. Jet Airways operated its last flight on the 17th of April 2019 after which it ceased all its operations.


It has been a year since Jet’s last operation and during this time, multiple attempts were made by numerous people to revive this airline. Unfortunately, none investors had a perfect plan to bring back Jet.

However, a few months ago, 12 new investors were ready to bid for Jet Airways. This was the 3rd attempt to bring Jet Airways back. The last two attempts have not yielded any positive results as none of the interested parties came forward with a concrete plan.

Out of these 12, four bidders were shortlisted as per the latest reports. These for players have now been asked to submit binding bids by the 11th of July. These include UK-based Kalrock Capital Partners along with an individual by the name of Murari Lal Jalan who is a resident of Dubai.

The second shortlisted player is another consortium comprising of Abu Dhabi based Imperial Capital Investments LLC (ICIL), Haryana-based Flight Simulation Technique Centre Pvt Ltd (FSTCPL) and Mumbai-based Big Charter Pvt Ltd (BCPL).

Third, is a Canadian entrepreneur by the name of Sivakumar Rasiah, and the fourth player is Kolkatta based Alpha Airways.

The eight who did not make the eligibility cut included individuals Brijesh Singhla, Gladson Sabu Varghese, Jason Unsworth, Pramod Srivastav, Claude Bothello, as per sources. A consortium of Jet Airways employees also submitted an EOI, as did UK-based AdiGro Aviation and Turbo Aviation


“The revised timeline for completion of the CIRP of Jet is now August 21, 2020, subject to any further extension of the lockdown by the state government of Maharashtra or the Central Government, as the case may be,” Ashish Chhawchharia, the Resolution Professional for Jet Airways said in an exchange notification earlier this month.


Well, there is nothing we can do about the revival of Jet Airways. The fate of the beloved Indian carrier will only be known in the coming months and all we can do is wait and to hope for the best.


More information about this:

Wikipedia page of Jet Airways:


Thank you and stay safe!

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oh i missed flying jet airways, their service was good! really hope they do come back

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Im missing 9W

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Indeed. There service was outstanding.
Fingers crossed…

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Same here mate. Let’s hope for the best.

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My last flight with them was mumbai to abu dhabi, 737-800

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Hello again! There is some good news out about Jet Airways. You may read about it in an other topic created by another fellow IFC user :D

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Kool Story

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