Jet Airways: Jalan-Kalrock Consortium Appoints Jatinderpal Singh Dhillon As Accountable Manager

Grounded since April 17, 2019, due to financial difficulties, Jet Airways underwent extensive insolvency proceedings, resulting in the Jalan-Kalrock Consortium (JKC) emerging as the successful bidder.

The ownership transfer of Jet Airways to JKC is currently pending as disagreements with the airline's lenders continue.

The Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Wednesday, announced the appointment of Jatinderpal Singh Dhillon the airline's accountable manager, reported PTI. Dhillon, an experienced pilot with a background in the Indian Navy, will assume his new role in July, according to the official statement by JKC, the report said. 

"The Jalan-Kalrock Consortium announces the appointment of Jatinderpal Singh Dhillon as the Accountable Manager for Jet Airways. The consortium is confident that Dhillon would play a crucial role in the operational preparedness of Jet Airways along with JKC," it said in a statement.

"With a strong background in piloting, management, and training, Captain Dhillon aims to bring strategic value towards making Jet Airways revival process a huge success," the consortium said in a statement.

Grounded since April 17, 2019, due to financial difficulties, Jet Airways underwent extensive insolvency proceedings, resulting in the Jalan-Kalrock Consortium (JKC) emerging as the successful bidder. However, the ownership transfer to JKC is currently pending as disagreements with the airline's lenders continue.

 

The consortium, as per the report, said the latest appointment reinforces JKC's cohesive commitment to revive Jet Airways and that it is "committed to implementing a comprehensive strategy to ensure the airline's success".

JKC will continue to work closely with all relevant authorities, industry partners, and employees to revive Jet Airways, it added.

Having a career spanning more than five decades, Dhillon has previously worked with various domestic and international airlines, including Jet Airways, SpiceJet, and Oman Air.

In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the consortium led by Murari Lal Jalan from Dubai and Kalrock Capital from the UK. In June 2021, Jalan-Kalrock Consortium's bid received approval under the insolvency resolution process. However, the implementation of the plan has faced delays.

In April 2022, Sanjiv Kapoor was appointed as the interim CEO by the consortium, but he resigned from the carrier in April of this year.