Reportedly, Murari Lal Jalan (an eminent UAE based business personality) along with Florian Fritsch, a business magnate, serial entrepreneur and founder of Kalrock Capital (London based financial advisory) have come out as winning bidders for the imploding airline - Jet Airways.
Both their bids successfully secured more than 99 percent votes from the creditor’s committee of the aforementioned airline which now will be submitted to the National Company Law Tribunal (NCLT) furthering the whole process.
If given approval, both of them will be the brand new owners of the airline. However, what’s interesting is that both the imminent figures don’t have any prior experience in the aviation industry, thus it would be interesting to see how everything unfolds henceforth.
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