Jet Airways, which has been closed for more than two years, is preparing to fly once again. Jet is going to resume domestic operations in the first quarter of next year i.e. 2022. According to a Reuters report, the Jalan Carlock consortium, the new management of Jet Air, had expressed hope to start operations. The airline also plans to start international flights.
Murari Lal Jalan, key member of Jalan Colorrock and proposed non-executive chairman of Jet Airways, said, “Jet Airways 2.0 aims to resume domestic operations by Q1-2022 and international operations by the third and fourth quarters of 2022. plan to do.
what stage is the work going on
In an official statement, the consortium said that the process of restarting the grounded carrier with existing Air Operator Certificate (AOC) is already underway. According to the report, the consortium is working closely with the concerned authorities and airport coordinators on slot allocation, required airport infrastructure and night parking.
Jalan said that the airline will have a fleet of more than 50 aircraft in 3 years and more than 100 aircraft in 5 years. Jalan said, “The aircraft are being selected on the basis of competitive leasing solutions. The airline’s operations came to a standstill on April 17, 2019, due to the financial crisis. The airline was going through a resolution process under the Insolvency and Bankruptcy Code (IBC) for more than two years.
Jet came to the ground due to debt
Debt-ridden Jet Airways was shut down in 2019. The consortium of Carlrock Capital and Murari Lal Jalan won the bid to re-operate it in 2022. After this, it was approved by the National Corporate Law Tribunal (NCLT). The Mumbai bench of NCLT has asked the Directorate General of Civil Aviation (DGCA) and the aviation ministry to give slots to Jet Airways from June 2022.