Jet in talks with Boeing, Airbus for $12-bn order

Bengaluru, December 2

Jet Airways is in talks with Boeing and Airbus for an order worth $12 billion, BloombergQuint reported on Thursday, citing Bloomberg News. The airline’s new owners — UAE-based businessman Murari Lal Jalan and UK investment firm Kalrock Capital — said Jet could buy at least 100 aircraft, BloombergQuint said on Twitter.

Poised for takeoff by first qtr of 2022

The airline’s new owners said Jet could buy at least 100 narrow-body aircraft
The group is set to invest about $200 million through equity and debt in Jet over the next six months
The airline is poised for takeoff by the first quarter of 2022

The group is set to invest about $200 million through equity and debt in Jet over the next six months, it said. Jet, Boeing and Airbus did not immediately respond to requests for comment.

The Jalan-Kalrock consortium’s resolution plan for Jet was approved by India’s bankruptcy court in June, with the airline poised for takeoff by the first quarter of 2022 as it gears up to resume domestic operations. — Reuters