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Jet Airways CEO Sanjiv Kapoor denies any standoff between the Kalrock Capital-Murari Lal Jalan consortium that is looking to finalise the takeover of the defunct airline and its lenders, adding that parties are working together for the implementation of the approved resolution plan.
Kalrock Capital said that Fritsch is assisting in investigations by regulatory agencies in Liechtenstein, Switzerland, and Austria.
In a recent affidavit submitted to the bankruptcy court, the MCA and DGCA had said that Jet Airways could not not claim historicity to obtain the slots and that allocation of slots would be done in accordance with the existing guidelines.
The Kalrock and Jalan consortium had placed a bid of nearly Rs 1,000 crore and will get 9.5 per cent of equity in Jet Airways along with 7.5 per cent equity in loyalty rewards company InterMiles.
Oil prices, the major cost of an airline, are low and expected to remain low for the next few years. Air traffic is slowly picking up.
The Jalan-Kalrock Consortium has not made any comment on the ongoing resolution process of Jet Airways, says Manoj Madnani of Kalrock Capital
