New Delhi: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup on Friday announced a partnership to bid for 75 per cent of the airlines through the NCLT process, members of the consortium said.
The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the SBI on behalf of 26 lenders on June 20.
The airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.
“Jet Airways Employee Consortium and AdiGroup are delighted to announce their partnership to bid for the acquisition of 75 per cent of Jet Airways through NCLT process.
“This is a new dawn in the history of India Aviation of operating an airline through Employee Initiative programme where every single employee of Jet Airways will become an owner of the airline.
“It truly embodies prime minister’s dream ‘Sabka Saath Sabka Vikas Sabka Vishwas’, a joint statement from the consortium and the AdiGroup said.
At a press conference here Capt. Ashwani Tyagi, Commander Boeing 777, General Secretary-Society for Welfare of Indian Pilots, and one of Jet’s senior-most pilots who has been with the airline for 18 years said the airlines were like a family to him and it was “challenging yet exciting journey to revive Jet Airways.”
Pingback: Bitcoin Scam
Pingback: paito hongkong
Pingback: Dylan Sellers
Pingback: plumbing company
Pingback: iwc replika
Pingback: dang ky 188bet
Pingback: Dumps Shop 2020
Pingback: 먹튀검증업체
Pingback: Internet Dating in Lanse
Pingback: Digital business transformation
Pingback: Harold Jahn Edmonton
Pingback: how to order weed online
Pingback: fake watches
Pingback: montre replique
Pingback: CI CD
Pingback: see this website
Pingback: covid-19 thailand
Pingback: omega replica seamaster 300 vintage history
Pingback: Market
Pingback: บาคาร่า1688
Pingback: here
Pingback: opensea nft
Pingback: sap concur expense tool
Pingback: CBD olie til kroppen med
Pingback: DevOps Service Providers
Pingback: cornhole wrap
Pingback: sbo
Pingback: straight hookup sites
Pingback: Alexa Nikolas lies
Pingback: cornhole boards near me
Pingback: Buy DMT online Perth
Pingback: psilocybin capsules for sale
Pingback: get More Info
Pingback: enclomiphene bodybuilding sex
Pingback: click here to read