India's Jet Airways aims to fly again by year-end with rehab plan cleared

Indian bankruptcy authorities have accepted a rehabilitation plan submitted by sponsors of embattled carrier Jet Airways, opening the door for service to resume by the end of the year. Although the National Company Law Tribunal approved the plan offered by London-based Kalrock Capital and Dubai businessman Murari Lal Jalan, the semi-judicial panel rejected the consortium's request to restore all of Jet Airways' airport slots. Instead, the tribunal told Indian aviation authorities to redetermine the allocation of any airport slots to Jet Airways within a 90-day window. Jet Airways, India's oldest private carrier, succumbed to financial difficulties amid competition from budget airlines and ceased all services in April 2019. The roughly 700 arrival and departure slots held by the company were redistributed to other airlines as a provisional measure.<br/>