Under the amended norms, telecom operators will be required to provide a performance BG of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule.
If industry experts and insiders are to be believed, any impact of the Omicron variant on the business of the domestic airliners will be temporary with traffic expected to return to pre-COVID-19 levels by early 2022.
Speaking at the Agenda Aaj Tak event in Delhi on Friday, Scindia conveyed, "Air India transfer will happen in a few weeks to one month, month and a half from now. Shareholders' agreement has been signed."
The airline's new owners, UAE-based businessman Murari Lal Jalan and UK investment firm Kalrock Capital, told Bloomberg News that Jet could buy at least 100 narrowbody aircraft, BloombergQuint said on Twitter.