Kalrock-Jalan consortium seeks two more months to revive Jet Airways

Makes application to NCLT; Rising cost of reviving operations is already a bone of contention between consortium and lenders

The Kalrock-Jalan consortium has sought two more months to complete regulatory requirements to revive the air operator’s certificate of Jet Airways. The consortium has made an application to the National Company Law Tribunal in that regard.

Last June the NCLT cleared the consortium’s plan to revive Jet Airways. As per its conditions the consortium has 270 days to implement the plan which includes securing air operators the certificate. The deadline ends on March 22 forcing the consortium to seek an extension.

As per its original plans the consortium plans to restart the operations with six Boeing 737 aircraft by June.