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Updated Sep 14, 2021 | 12:00 IST
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  • One of the chief obstacles facing Jet Airways is the allotment of flight slots
  • In September this year, Punjab National Bank (PNB), one of the airline's creditors that had previously approved the resolution plan, saw fit to do a volte-face, urging the NCLT to overturn its ruling
  • Finally, reviving the airline will also mean bringing onboard new staff like pilots, cabin, crew and management

india cricket betting sites,Since ceasing operations over two years ago, Jet Airways – once India's second-largest full-service carrier – has worked tirelessly to give itself a real chance of taking to the skies again. And on Monday, a report from Reuters indicated that the airline may be set to resume domestic operations in the first quarter of next year. 

888 casino live blackjack,“Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short-haul international operations by Q3/Q4 2022,” said Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium said. 

fanduel sportsbook down,In June this year, some eighteen months after Jet Airways' fleet was grounded, the National Company Law Tribunal (NCLT) approved a resolution plan for the bankrupt airline, submitted by UAE-based businessman Murari Lal Jalan and Kalrock Capital to kickstart operations. 

defabet,When the airline collapsed in 2019, it had a debt of more than Rs 8,200 crore and was required to fulfil debt obligations to the tune of Rs 1,700 crore by the end of March 2019. Jet Airways' resolution professional had admitted creditor claims of Rs 15,432 crore of which the Jalan-Kalrock consortium has pledged to pay Rs 1,183 crore over a five-year period. 

The payments will arrive in three tranches while banks (the airline's lenders) would gain a 9.5 per stake in the airline, with the consortium holding 89.79 per cent.

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free penny slots online,One of the chief obstacles facing Jet Airways is the allotment of flight slots. Before its collapse, the airline had roughly 700 time slots, enabling it to take off and land at some of India's busiest airports, including Delhi and Mumbai. 

fishin frenzy free demo,However, when the airline ceased operations, the aviation ministry reallocated these slots to rivals like IndiGo, SpiceJet and Air India all of whom have since invested significantly in bolstering their capacities. 

In its June 22 ruling, the NCLT did not address the issue of reallotment of slots, instead only setting a 90-day period for the airline to work with the Ministry of Civil Aviation and the Directorate General of Civil Aviation to seek a resolution on the matter. ,free quick hit slot machine

But that isn't the only hurdle that stands in the way of the airline's revival. In September this year, Punjab National Bank (PNB), one of the airline's creditors that had previously approved the resolution plan, saw fit to do a volte-face, urging the NCLT to overturn its ruling, alleging irregularities in the revival plan. ,casino royale 2006 full movie in hindi

betway app ghana,PNB has argued that the airline's court-appointed resolution official had originally accepted its claim of almost Rs 10 billion from the airline's creditors but then reduced this by Rs 2 billion in the tribunal filing. The tribunal has agreed to hear PNB's case on September 21. 

football matches today list,Finally, reviving the airline will also mean bringing onboard new staff like pilots, cabin, crew and management. At its peak, the airline had some 17,000 employees on its payroll. Jet Airways has already said that it has recruited more than 150 full-time employees and is seeking to raise this number to over 1000 over the current fiscal year. 

The airline also faces appeals at the NCLT from its former employees urging a stay on the revival plan. In the aftermath of its collapse, hundreds of employees had lodged monetary claims between Rs 3 and 85 lakh each. In total, these claims are, reportedly, worth Rs 1,265 crore. ,soccer aid itv

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