Jet Airways: New investors get on board

Cash (Photo: Pixabay).
Cash (Photo: Pixabay).

Jet Airways: New investors get on board

Cash (Photo: Pixabay).
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The Indian airline Jet Airways could fly again soon: According to media reports, the creditors' meeting approved a sale. The German investor Florian Fitsch should also be involved.

London-based finance company Kalrock Capital and Indian businessman Murari Lal Jalan have bid. And that satisfactorily. Because after months of negotiations, the deal is dry. The creditors have already given the necessary approval. The new owners would pump the equivalent of US $ 136 million into the company, like reuters.com reported. Further investments are also planned.

But only part of the money is in cash. The airline's creditors - including the State Bank of India - will also receive bonds and equity interests. The new investors go all out. You want to regain lost slots as quickly as possible and apply for a new AOC as soon as possible. In addition, what was once the country's largest airline is to be equipped with new aircraft. With the clear goal: to bring Jet Airways back to the top.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

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