Complex sentence: The outfit was launched on January 31,2000, by Maulana Masood Azhar in Karachi after he was released from an Indian jail during the terrorists for hostage swap of December 31,1999, following the hijacking of the Indian Airlines Flight IC 814.
Split into simpler sentences: The outfit was launched on January 31,2000 by Maulana Masood Azhar in Karachi. He had been released from an Indian jail on December 31,1999 in exchange for hostages, following the hijacking of the Indian Airlines Flight IC 814.