Automobile

Still taxiing: Akasa Air, Jet Airways continue to wait for green signal. When will they take off?

By Eduardo Saverin

Rakesh Jhunjhunwala and his wife Rekha Rakesh Jhunjhunwala met Prime Minister Narendra Modi on Tuesday; image credit: @narendramodi via Twitter

Synopsis

Both Jet Airways and Akasa Air are running well behind their launch schedules. They need to meet several requirements before taking off. But with a busy schedule ahead, the DGCA may have little time for the two airlines. However, events unfolding over the next few weeks can give more clarity on when the airlines would take to the skies.

A few weeks back, the representatives of the incoming owners of Jet Airways, Murari Lal Jalan and Kalrock Capital, got onto a video call with an internal committee set up to help resurrect the grounded airline.The lending consortium, led by State Bank of India (SBI) and other lenders that have already taken a haircut of over INR7,000 crore after the airline founded by Naresh Goyal went belly up in 2019, was in for a rude shock.The incoming

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Eduardo Saverin