The winners of the bid, the consortium of UAE-basedbusinessman Murari Lal Jalan and London’s Kalrock Capital, claimed that theyexpect to get the company’s flights up and running by the summer next year. Thebrand of Jet Airways will be retained.
A statement released said, “As per the resolution plan, JetAirways intends to operate all of its historic domestic slots in India andrestart international operations. If everything goes as per plan and theConsortium received the NCLT and regulatory approvals on time, Jet Airwayswould be back in the skies by the summer of 2021.”
Recently, the stock had hit a high of Rs 79.10 and the10-day simple moving average has exceeded the 20-day simple moving average fivedays ago.