India News | We Don't Want to Be in a Rush, Says Jet Airways CEO Designate Kapoor
Get latest articles and stories on India at LatestLY. Jet Airways CEO-Designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different.
New Delhi, Mar 20 (PTI) Jet Airways CEO-Designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different.
The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders.
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"We don't want to be in a rush," Kapoor said.
Speaking at the CAPA aviation summit in the national capital, he also said it is a marathon and not a sprint.
In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and the UK's Kalrock Capital. In June 2021, the consortium's bid was approved under the insolvency resolution process.
However, the implementation of the plan is getting delayed.
Once-storied carrier, Jet Airways shuttered operations in April 2019.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)