Karlock Capital-Murari Jalan's Resolution Plan Approved by Committee of Creditors to revive Jet airways

Megha Jain

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Image Credit: Shortpedia

Will the Jet Airways make a comeback? The airline which was grounded last year could takeoff once again if the Ministry of Civil Aviation approves the resolution bid of Karlock Capital-Murari Jalan. The resolution plan submitted by the venture was approved on Saturday by the Committee of Creditors. Murari Jalan, a UAE-based businessman, had partnered with London's Karlock Capital to propose a plan for reviving the Jet Airways.