Jet Airways Revival Roadmap: Setback before take-off?

According to media reports, the CEO of Jet Airways, Sanjiv Kapoor, has resigned from his post. This sudden jolt does little to help the cause of the airline, as an insolvency process initiated by #SBI is yet underway. The exit comes close on the heels of #resignations by the company secretary, accountable manager, chief security officer, head of flight operations, director of flight safety, and director of training.

The airline has been out of action since 2019, it may be recalled that the Kalrock Capital- Murari Lal Jalan consortium won the bid for Jet Airways in October 2020. The consortium’s executive committee will now oversee the CEO’s activities for the time being.  

• While Jalan is a UAE-based entrepreneur with investments spread across the #UAE, #India, #Russia and #Uzbekistan, #German national Florian Fritsch is the founder of the Zug-based investment firm Kalrock
• To make matters worse, the airline’s Air operator's permit is due for expiry on 19th May, it also doesn’t have an aircraft and multiple post holders mandated by DGCA
• These mandates are crucial to demonstrate its capability to run scheduled operations with the requisite fleet and staff

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