The Jalan-Kalrock Consortium, the decision applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA). Cash-strapped Jet Airways stopped flying from April 17, 2019. The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, because the airline didn’t begin operations, AOC expired on May 19, 2023.
In a press release, the Jalan-Kalrock Consortium (JKC) stated, the renewal of AOC revalidates the boldness of the Indian Aviation Regulator within the revival of Jet Airways.
Revival of Jet Airways
“JKC expresses its heartfelt gratitude to the aviation regulator, the Ministry of Civil Aviation, and all other stakeholders, in showcasing their faith in JKC and in the revival of Jet Airways,” the Jalan-Kalrock consortium stated.
“The Jalan and Kalrock Consortium remains fully dedicated to the revival of Jet Airways and is committed to implementing a comprehensive strategy to ensure the airline’s success. JKC will continue to work closely with all relevant authorities, industry partners, and stakeholders in reviving Jet Airways in coming weeks,” it stated in a press release.
In early morning commerce, shares of Jet Airways jumped practically 5 per cent to Rs 50.80 on BSE. Last week, JKC introduced the appointment of Jatinderpal Singh Dhillon the airline’s accountable supervisor. Earlier this month, two whole-time administrators and a non-executive director had been appointed at Jet Airways.
About Jet Airways
Launched in 1993, Jet Airways grew to become synonymous with premium air journey for discerning travellers in India. Before suspending operations in April 2019, Jet Airways flew to greater than 65 locations in India and worldwide with 124 slender and wide-body plane.
Jet Airways is being revived underneath the Insolvency and Bankruptcy Code as per the National Company Law Tribunal. The (NCLT) authorised the decision plan of the Jalan Kalrock Consortium. In a primary in Indian aviation historical past, an airline is being revived underneath its title after being grounded for an prolonged interval.
Jet Airways stated in its new avatar, it will likely be the nation’s most people-focused and customer-friendly airline. It might be a ‘sensible’ full-service service with a two-class cabin configuration, together with a enterprise class cabin designed to world requirements and an developed new-generation financial system class that gives clients what they most worth.
