Revival of jet airways – will it emerge as a phoenix?

Pragya Bhawsar

Informasi Umum

Kode

24.10.285

Klasifikasi

658.3 - Personnel management

Jenis

Case Studies

Subjek

Personnel Management

No. Rak

Dilihat

198 kali

Informasi Lainnya

Abstraksi

Jet Airways was all set to fly by the July-September quarter of 2022. The protagonist, Sanjiv Kapoor, had recently joined as the CEO of Jet Airways. Jet Airways was founded in 1993 when the Indian Government decided to liberalize the Indian skies. Flying highs and lows in its journey of 25?years, Jet Airways got grounded on 17 April 2019 because of a lack of funds. There were unsettled claims of ?370bn against financial creditors and employees. Though liquidation of assets would have been a route to settle claims, it was decided to sell assets of the defunct airline by means of a formal resolution process. On 17 October 2020, the Committee of Creditors (CoC) approved the resolution plan of the consortium of Jalan and Kalrock Capital, which were the new promoters of the airline and were working to bring Jet Airways to its glory. These promoters appointed Kapoor to share the responsibility of Jet 2.0. Kapoor had to lead the change at Jet 2.0. Kapoor examined the idea of “look forward and reason back” as multiple challenges existed amongst opportunities for the carrier in its second chance at life. The case documented the entire saga of the rise, fall and revival of Jet Airways.