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Admin Reporter- POOJA1

Oct 17 2020


Jet revival: Businessman Murari Lal Jalan's journey from paper to planes

Saturday, 17 October 2020

 

Murari Lal Jalan began his career in his family's paper trading business in Kolkata in the 1980s.Over the years, he diversified in other sectors and ventured in new geographies such as Russia, UAE and Uzbekistan but it is only now that he is in limelight after winning the bid to revive Jet Airways.

 

 

 

 


Kalrock Capital-Murari Lal Jalan consortium was selected by committee of creditors in a voting process which concluded on Saturday.Jalan does not have an aviation background but members of Kalrock management like Manoj Madnani and John Oram have looked at cargo and logistics while working earlier for Polish billionaire Jan Kulczyk. Madnani and Oram have also evaluated investment and restructuring opportunities in other airlines.

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