Who owns Jet Airways now?
In 2020, entrepreneur Murari Lal Jalan and asset management firm Kalrock, part of the Fritsch Group, purchased Jet Airways with a view to restart air operations. It was expected that Jet Airways II would take to the skies in 2022 as a full-service domestic airline with a fleet of six aircraft. Murari Lal’s Bet on reviving Jet Airways In 2020, Murari Lal, the UAE-based entrepreneur and Kalrock, an asset management firm of the Fritsch Group, purchased Jet Airways with a vision to restart its air operations after their lenders approved the resolution submitted by them.Jet Airways, once a leading Indian airline, is no more. The Supreme Court ordered its liquidation after years of financial struggles and failed revival attempts. The airline ceased operations in 2019 due to mounting debt. The court’s decision marks the end of an era for the airline and its employees.Jet Airways was also one of the dominant private airlines in the Indian aviation firmament till its descent began with mounting financial woes. The airline began its journey as an air taxi operator with service from Mumbai to Ahmedabad more than 25 years ago.Jet Airways ceased operations in April 2019. In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal.
What is the net worth of Jet Airways?
Jet Airways (India) has a market cap or net worth of 3. September 17, 2025. Its market cap has decreased by -43. Delta Air Lines: The Richest Airline in 2025 Delta Air Lines tops the global list with $40. With $61. Delta demonstrates consistent profitability and resilience.
Why is Jet Airways closed?
What happened to Jet Airways? Jet Airways faced financial difficulties due to rising fuel costs, intense competition from low-cost carriers, and operational inefficiencies. It ceased operations in 2019 and entered insolvency proceedings. Yes, Jet Airways has been permanently closed. It went into liquidation on November 7, 2024, due to the failure of the Resolution Plan.Jet Airways ceased operations in April 2019. In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal.Jet Airways was admitted into CIRP on June 2019. Supreme Court of India ordered the liquidation of Jet Airways on November 7, 2024, ceasing all its operations permanently.
Who is the daughter of Jet Airways owner?
Namrata Goyal, daughter of Mr Naresh Goyal, Chairman, Jet Airways. Jet Airways founder Naresh Goyal, who was arrested in a money laundering case in September 2023, has been granted bail on medical grounds.Jet Airways founder Naresh Goyal, an accused in the alleged fraud of ₹538 crore at Canara Bank, on Saturday told a special court here with “folded hands” that he had “lost every hope of life” and it will be “better if he dies in jail” than living in his present condition.Jet Airways founder Naresh Goyal’s wife, Anita Goyal, died in Mumbai after a long battle with cancer.Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) in an alleged 538 crore rupee money laundering case linked to Canara Bank. He was taken into custody under the Prevention of Money Laundering Act (PMLA) after a long session of questioning at ED office in Mumbai.