– Murari Lal Jalan is an Indian-origin businessman based in Dubai. – He started with photo labs and paper trading in Ranchi. – Later, he entered real estate, mining, FMCG, and healthcare.
– Jet Airways, a popular Indian airline, shut down in 2019 due to financial problems. – In 2020, Jalan partnered with Kalrock Capital from the UK. – Together, they offered a revival plan for Jet Airways.
– The revival plan included ₹1,200 crore investment. – Plan included clearing some debts, paying employees, and restarting operations. – Goal: Bring 30 aircraft back to service in phases.
– Jet Airways got its Air Operator Certificate (AOC) in 2022. – The revival process slowed down.
– In late 2024, after years of delay, revival efforts failed. – The Supreme Court ordered Jet Airways’ liquidation in November 2024. – Despite strong intentions, the dream to fly Jet Airways again did not come true.