Jalan's plans to start Jet Airways in six months were shut down after a huge loss

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- Owned Murarilal Jala by buying 51% stake

New Delhi on Tuesday, December 1, 2020

Jet Airways, which was shut down due to heavy losses, was informed that its new owner Murarilal Jalan was committed to resume operations in the next six months.

Initially domestic service will be started and then flights to European countries and West Asia will be started. Jala acquired the ownership of Jet Airways by buying a 51 per cent stake.

When the airways closed in April 2019, thousands of people became unemployed. According to sources close to Jalan, the jets will start flying again from June 2021. In addition to Jalan, Callarok Capital, a London-based financial advisory firm, is a partner in Jet Airways with a 14 per cent stake.

Murarilal Jalan is the owner of MJ Developers and his business is spread across India as well as the United Arab Emirates, Russia and Uzbekistan.


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