Jet Airways 2.0: behind-the-scene story of what’s delaying India’s oldest private airline’s take-off
Synopsis
After a series of adjournments, when the hearing on Jet’s resolution plan started in February, there was excitement in the air. But that has given way to despair following the adverse stance on slots taken by the aviation ministry. With the consortium standing firm on its demand for full restoration of slots, the process could be headed for a logjam.
The year was 2004. The winter session was underway in parliament when Praful Patel rushed out to make a call. It was a chilly December morning in Delhi, but the then aviation minister was sweating as he stepped out of the rotund iconic building. Frantically, he dialled Air Deccan founder GR Gopinath. “People here are ridiculing me. Is this a joke?” Patel muttered, referring to the USD1.8 billion order for 60 Airbus A320 planes that Gopinath’s
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