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Bankrupt Jet Airways Plans to Resume Services by Summer 2021

Jet Airways went into bankruptcy in 2019 after it failed to repay mounting debt.

Jet Airways went into bankruptcy in 2019 after it failed to repay mounting debt.

Photographer: Dhiraj Singh/Bloomberg

Bankrupt carrier Jet Airways India Ltd., once the nation’s biggest airline by market value, is planning to restart operations as a full-service carrier by the summer of 2021, its new owners announced.

A consortium led by Dubai-based entrepreneur Murari Lal Jalan and Kalrock Capital has set a revival plan for Jet Airways, which includes a dedicated freighter service and hubs in small Indian cities beyond Delhi, Mumbai, and Bengaluru. Jet Airways will operate all its historic domestic slots in India and restart international operations after it receives approval from Indian regulators and a bankruptcy tribunal, according to a statement Monday.