After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.
The main runway was shut after a SpiceJet flight coming from Jaipur overshot the runway while landing.
More than 60 flights have been diverted to neighbouring airports and several have been cancelled.
Tata Group will focus on assets it can use to scale up & tap the gap created by the exit of Jet.
Fares on Mumbai-New York route jumped up to 157% between March and June.
The ministry has said Jet’s slots are being allocated on a temporary basis to take care of the capacity shortage that has been the result of Jet’s grounding of operations.
The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.
Chakraborty said the services through the tie-up will cater to major players such as eBay and Amazon in India but also to MSMEs that sell to customers abroad.
Ashish Chhawchharia, partner at Grant Thornton, took charge as RP and met the airline’s management on Saturday.
The action taken by the DGCA will impact the airline’s remaining 14 planes
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