• Thursday, September 23, 2021
India corona update 
Total Fatalities 425,195
Total Cases 31,726,507
Today's Fatalities 422
Today's Cases 30,549
India corona update 
Total Fatalities 425,195
Total Cases 31,726,507
Today's Fatalities 422
Today's Cases 30,549

Business

‘Jet Airways to resume domestic services in 2022 Q1’

(Photo: REUTERS/Danish Siddiqui/File Photo)

By: Shubham Ghosh

JET Airways, which was once India’s biggest flyer but got grounded a few years ago because of financial strains, is set to restart domestic operations by the first quarter of 2022 and short-haul international flights by the final quarter of the next year.

Jalan Kalrock Consortium, the winning bidder for the airline, said this in a statement on Monday (13).

It said the first flight of Jet Airways would be on Delhi-Mumbai route, adding that the airline would now be headquartered in Delhi instead of Mumbai.

ALSO READ: Indian bank asks tribunal to reject Jet Airways rescue plan

In June, the National Company Law Tribunal (NCLT) approved the consortium’s resolution plan for Jet, two years after the carrier went into insolvency proceedings.

“Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022,” Murari Lal Jalan, a leading member of the Jalan Kalrock Consortium, said, adding, “Our plan is to have 50-plus aircraft in three years and 100 plus planes in five years, which also fits perfectly well with the short-term and long-term business plan of the consortium.”

India bankruptcy court clears Jet Airways revival plan, carrier to take off by end 2021

“The aircraft are being selected based on competitive long term leasing solutions. It is the first time in the history of aviation that an airline grounded for more than two years is being revived and we are looking forward to being a part of this historic journey,” he said.

The consortium’s statement also said that the revival plan for Jet is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months.

The process of reviving the grounded carrier is on track with the existing Air Operator Certificate already under process for revalidation, it said.

The consortium is also working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking, the statement said.

“Senior Members of the Jalan Kalrock Consortium along with Jet 2.0 Operations Team led by the newly appointed Capt. Sudhir Gaur, Accountable Manager, and acting CEO visited key airports last month and held productive meetings with them,” the statement said.

According to Captain Gaur, “We will start with domestic operations on an all narrow-body aircraft fleet leased from major global aircraft lessors who have approached us, and with whom we continue to engage.

Jet Airways has already hired 150+ full time employees on its payroll and we are looking to onboard another 1,000+ employees FY 2021-22 across categories,” he said.

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