India: Jet Airways allowed to take off again

As of April 2019, Jet Airways reported yesterday that they got a new one airline certificate from India’s aviation regulator to proceed immediately commercial flights.

Once India’s largest private airline, Jet Airways stopped flying in April 2019 after filing for bankruptcy with $1.6 billion in debt, and leaving thousands of employees without pay. Today, for Jet Airways, the awarding of a new Air Operator Certificate by the Civil Aviation Authority of India ” is the final step in a comprehensive regulatory and compliance process that involves several procedural checks for airline operational readiness.”

As of October 2020, it has found a new investor who gets the green light from creditors to restart operations. And last June, he said India’s Commercial Court had approved a stimulus package proposed by a consortium consisting of London-based firm Kalrock Capital and US-based Indian entrepreneur Murari Lal Jalan, United Arab Emirates.

There ” news Jet Airways now plans to relaunch its initial domestic flights between Delhi and Mumbai in late 2022 or early 2023, followed by routes to Southeast Asia and the Middle East, then long haul. But it has only nine planes left, compared to 123 at its peak: two Boeing 737-800s, one 737-900 and five 777-300ERs. Accordingly, the new shareholder, the Jalan-Kalrock consortium, will enter into negotiations with Boeing and Airbus to acquire up to one hundred single-aisle aircraft, with a budget of about 12 billion dollars.

@Jet Airways

Serena Hoyles

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