Jet Airways may refuel by summer because of the increasing levels of stocks

The new promoters said that by the summer of 2021, the airline's traffic could start

Jet Airways may refuel by summer because of the increasing levels of stocks
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Due to Corona virus, the whole country is suffering the economy has affected all sections. At the same time there are some classes for which this year has also been good. Talk about Jet Airline, the new promoters said that by the summer of 2021, the airline's traffic could start. Let us explain that Jet Airways shares rose 4.97 percent to Rs 75 in the morning. Jet Airways shares rose more than 5 percent, just this day.

The airline's stock is trading really well after its new promoters, a association led by Murari Lal Jalan and Qalok Capital said Jet Airways could start operations by next year if things go as per the plan.

According to the information received, the airline can start both domestic and international operations, including all slots before Jet Airways takes off. If all goes according to plan and the consortium gets regulatory and NCLT approval on time, it can be anticipated that Jet Airways could fly back by the summer of 2021.

Promoters also said it had to regain its old status and set new standards for the airline industry with the tag of the best corporate full-service carrier that operates at both International and domestic levels.

According to the information received, Jet 2.0's hub will be kept in Mumbai, Delhi and Bengaluru as before. Apart from these cities, the Revival Plan has plans to build sub-hubs in some cities, in which it is proposed to support Tier-2 and Tier-3 cities. Under the Jet 2.0 Resolution Plan, now Jet Airways will also increase its focus towards cargo and cargo movement. Let us tell you that in April 2019, Jet Airways, considered the largest airline in the country, had to stop its flight due to the huge lack of funds and increasing the number of loans.

 

by-Amodita Joshi