| 3 minutes read

3 minutes read

Meet The New Entrepreneur Offering To Buy Jet Airways

| Published on April 26, 2019

Jet Airways is the topic of talk of the town right now and everyone is keen to know what will happen next to this big drama that the fall of India’s most popular airlines has created. Every now and then, we are hearing reports like Reliance is showing interest, Tata Group may give a last try and now an unknown British entrepreneur has tweeted showing his interest in buying Jet Airways and claiming to have submitted a revival proposal to State Bank of India (SBI) on Wednesday. On this, Jet Airways said that it has advised the person to formally engage with SBI Caps, which is running the bidding process, according to a filing.

What actually happened

Jet Airways has received an unsolicited e-mail communication from the British entrepreneur, it said in a filing to the BSE.

“… the sender has been advised to formally engage with SBI Caps, which is leading the bidding process under the resolution plan initiated by a consortium of domestic lenders led by State Bank of India,”

it noted.

Jason Unsworth

Jason Unsworth, founder and CEO of his family-owned start-up, Atmosphere Intercontinental Airlines (AIA), tweeted that a letter of intent has been sent by him to SBI chairman Rajnish Kumar.

Unsworth’s offer has come at a time when Jet’s employees are facing problems to pay their daily need objects as they have not received salaries from many months.

Who is Unsworth?

If we believe Google results, he is the founder and CEO of a firm called Atmosphere Intercontinental Airline. Founded in 2015, the airline claims to focus on India, Dubai, Thailand, and Britain, according to its website.

Another interesting thing is that Atmosphere Intercontinental Airline has not yet taken off. The airline’s website still has a “coming soon” message even four years after it was founded.

What his LinkedIn profile says

“Was accepted at interview stage to participate in one of many cabin crew training courses Ryanair was running,” Unsworth’s LinkedIn profile says. “Completed training then accepted a job with Servisair as the job conditions Ryanair was offering turned out to be very poor.”

Also Read: Indian Brands That Have Come Forward To Help Jet Airways’ Displaced Employees

Is he really looking to buy Jet Airways?

In an interview to CNBC TV18 on April 24, Unsworth said he has written emails to Jet Airways board, staff, Etihad, SBI, Punjab National Bank, India’s prime minister Narendra Modi, and his British counterpart Theresa May, expressing his interest in running Jet.

But, after his tweets and media reports of his interest, he said, many individuals from Jet Airways are trying to get in touch with him. And so, he is hopeful to soon get a proper contact, email or phone number for the right person at SBI.

Meanwhile, Unsworth has also reached out to Jet’s distressed employees, inviting them to apply for jobs at his company.


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