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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The consortium’s missed payment deadlines and talent exodus are compounded by an increasingly mulish set of lenders, derailing its attempt to get the airline flying again.
“The Jalan-Kalrock consortium believes that Jet Airways will fly. 100%,” says a senior industry executive.
The confidence seems misplaced. After all, the consortium has been struggling to revive the airline since winning the bid to do so back in June 2021. More so because it's been just a few weeks since the airline’s CEO-designate Sanjiv Kapoor quit. Kapoor had held senior positions in SpiceJet and Vistara and since joining the consortium in April 2022, had stoically defended the revival attempt in public forums.
His exit, coming within days of Jet Airways’s company secretary and accountable manager also calling it quits, …
As a confidante of Byju Raveendran and the edtech company’s chief strategy officer, Anita Kishore holds the key to all the murky financial dealings. But, save for the founders ensconced in Dubai, no one has a clue to her whereabouts.
The industry, while wanting to steer clear of the K-12 segment, is not ready to address the elephant in the room.
Is Zee CEO Punit Goenka to blame for what has come to pass or did Sony get cold feet as the deal dragged on?
