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JET AIRWAYS COMING BACK ?? The consortium of Flights Simulation Techniques Center Pvt Ltd ,Big Charter Pvt Ltd  and Imperial Capital investment LLC , have secured an initial funding of $100 million that will be used to revive Jet Airways. "We have secured a funding of $100 million through our partners , to start with ," Biraja Jena , chairman of imperial capital , told . The Dubai based investment banking and wealth management company has also brought on taha Group - a middle East based business house, as an investor , in the consortium. The consortium in one of the two suitors who have placed bids of the airline that had suspended it's operations in April 19. The second consortium consist of London - based financial services firm Kalrock Capital  and entrepreneur Murari Lal Jalan. The two bidders had submitted their plans on jully 21 . It's further learnt that private equity Major xponentia , co-founder by industry veteran Ajay Relan , has also marked an ...

Why jet airways shut down ? On Wednesday , April 17 , debt - Ladin Jet Airways announced that it is temporarily shuting down because it is unable to release  emergency funding from any source , including the lenders. The airline has suspended both domestic and international flights . History of jet Airways -- Jet Airways has been the country's largest and long  serving airline every since it took off 27 years ago in 1992 . As it's peak , Jet operated 650 flights a day . It was also the only airline to fly between Mumbai and Colombo , Kathmandu and Hong Kong . Jet was the country's largest full service carrier. PROBLEMS WITH INDIAN AVIATION -- India is the also the words largest consumer of oil and even increased it's oil important by 4.37 millions barrels per day . 3 reason why jet airways shut down. --- 1] In may 2019 , Dube said that jet's financial pet was negatively impacted by an increase in fuel prices. 2] As indian airlines fly to over...