Jet Airways: The end is nigh?

The end may be near for Jet Airways, the once-haloed carrier that has been struggling to get back in the air for nearly a year. And the indication has come just before the deadline expires for its suitors to submit resolution plans.

The signal has come from none other than the CEO of Grant Thornton India, Vishesh Chandiok, who took to Twitter on March 7 to share his views on what 'killed' the airline. His views are significant as the resolution professional overseeing the insolvency process, Ashish Chhawchharia, is deputed from Grant Thornton India.

This is what Chandiok said:

I’m sorry to report but I fear we are very near the end of the road for #JetAirways- the proverbial ‘chicken or egg’ is what killed the airline- my apologies to all the employees in particular that we @GrantThorntonIN couldn’t do better for you. https://t.co/7BNfmQy8Js

Prince Mathews Thomas heads the corporate bureau of Moneycontrol. He has been covering the business world for 16 years, having worked in The Hindu Business Line, Forbes India, Dow Jones Newswires, The Economic Times, Business Standard and The Week. A Chevening scholar, Prince has also authored The Consolidators, a book on second generation entrepreneurs.

first published: Mar 9, 2020 08:27 am

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