Mumbai, May 13, 2025 — Global Middas Capital Fund (GMCF), a leading investment consortium, has announced plans to revive and relaunch Jet Airways by the end of October 2025, following a landmark ₹2500 crore (approximately $250 million) acquisition deal. The strategic buyout,
structured through the ongoing liquidation process, positions Jet Airways for a dynamic comeback, targeting a robust presence in passenger services, air cargo, and seaplane operations with an initial fleet of 200 aircraft.
The acquisition, fully funded by GMCF with a 49% foreign direct investment and 51% local holding structure, encompasses Jet Airways’ existing assets and brand, with all statutory liabilities settled by the liquidator. Inder Preet Singh, Chairman of GMCF, emphasized the transformative potential of the deal, stating that the relaunch will not only enhance regional connectivity but also re-establish Jet Airways as a dominant player in international markets through alliances with leading global carriers. “This is a pivotal moment to reshape the Indian aviation landscape and deliver world-class customer experiences,” Singh noted.
Aman Bandvi of Gray Shadows Consulting, advising on the transaction, highlighted GMCF’s competitive edge in the liquidation process. “Our consortium’s technical expertise and financial strength have positioned us as the frontrunner, with the deal nearing finalization,” Bandvi said, underscoring the opportunity to capitalize on Jet Airways’ 20-year legacy in Indian aviation before its 2019 financial collapse.
The relaunched airline is poised to challenge market leaders like IndiGo and SpiceJet, with Harmeet Singh, Director at GMCF, affirming the fund’s commitment to capturing significant market share. “Jet Airways will set a new benchmark for competition and innovation in the passenger aviation sector,” Singh added.
Further strengthening the revival, Raj Kapoor, founder of India Blockchain Alliance and a technology advisor for the project, outlined plans to integrate emerging technologies to ensure operational transparency and trust. “Our tech-driven approach will redefine efficiency and customer confidence,” Kapoor stated.
The relaunch by October 2025 marks a significant milestone for GMCF and the global aviation industry, signaling a bold return for Jet Airways. The deal’s closure, subject to final regulatory approvals, is expected soon, paving the way for a revitalized airline to soar once again.
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