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The Hindu
The Hindu
National
Special Correspondent

Jet officers’ union challenges revival plan in NCLAT

The All India Jet Airways’ Officers and Staff Association has filed an appeal in the National Company Law Appellate Tribunal (NCLAT) challenging the resolution plan of the prospective new owners of the airline, the Jalan-Kalrock consortium, and demanded that proceeds from the liquidation of assets be used for payment of dues owed to the staff.

The challenge by the union, which represents almost 5,500 white-collared personnel of the defunct airline, comes at a time when the Jalan- Kalrock consortium (JKC) has sought a hearing from the NCLAT for a formal transfer of the airline’s ownership after it completed various preconditions for implementing its revival plan, including receipt of an air operator’s certificate from the DGCA. JKC aims to restart flights in the July- September quarter.

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