intends to begin operations within six months of receiving National Company Law
Tribunal’s (NCLT) approval.
airline''s new owners, the Kalrock-Jalan consortium, is in talks with the
government over the availability of slots. On a plus/minus 15 basis, the
carrier is open to alternate slots. Jet Airways is also in talks with Airbus
and Boeing about expanding its fleet as part of a five-year plan.
All 11 aircraft
in the carrier''s current fleet will be replaced and new fuel-efficient
aircraft will be leased. The company is expected to hire around 50-75 people
be allocated based on the current norms and not historicity.
Jet Airways slots
were given to other airlines after it stopped operations in April 2019. The
Ministry of Civil Aviation (MCA) and the Directorate General of Civil Aviation
(DGCA) have stated in a recent affidavit filed with the bankruptcy court that
Jet Airways cannot claim historicity to regain the slots. The government and
the aviation regulator have stated that slots will be allocated in accordance
with current guidelines.
Airways, the formerly full-service carrier, was grounded in early 2019 and is
currently undergoing Insolvency and Bankruptcy Code proceedings (IBC).
In light of
the fact that the National Company Law Tribunal (NCLT) is expected to make a
final decision on the airline''s resolution plan, Murari Lala Jalan, the winning
consortium''s lead member stated, ‘everything is on track’ as far as the
carrier''s revival attempts are concerned.
October, a consortium led by UK-based Kalrock Capital and UAE-based
entrepreneur Jalan emerged as the winning bidder for Jet Airways, which has not
flown since April 17, 2019.
to Jalan, the airline is expected to begin operation with approximately 25
planes this year, as per the revival plan filed to the Committee of Creditors
aviation sector had to suffer due to the pandemic miserably but it is likely to
be back to normal in the next 4-6 months.