The revival plan for Jet Airways is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months
Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways, on Monday announced that the grounded carrier would resume domestic flying operations in the first quarter of next year.
It said the process of reviving Jet Airways was on its track, with the existing air operator certificate (AOC) already under process for revalidation.
The Consortium is working closely with the relevant authorities and airport coordinators on slot allocation required airport infrastructure and night parking. Senior members of the Jalan Kalrock Consortium along with the Jet 2.0 Operations Team led by the newly appointed Captian Sudhir Gaur, accountable manager, and an acting chief executive officer visited key airports last month and held productive meetings with them.
“We received the NCLT approval in June 2021, and since then we have been working closely with all concerned authorities to get the airline back in the skies. Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short-haul international operations by the third quarter (Q3)/fourth quarter (Q4) 2022. Our plan is to have more than 50 aircraft in 3 years and over 100 in 5 years which also fits perfectly well with the short-term and long-term business plan of the Consortium. 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 2 years is being revived and we are looking forward to being a part of this historic journey. The brand Jet Airways has a huge loyalty base and we are confident that with industry stalwarts like Captain Gaur, we will be able to capitalize and create new benchmarks. We would like to assure all our loyal Jet Airways guests that your favorite airline will soon be back in the skies,” said Murari Lal Jalan, lead member, Jalan Kalrock Consortium and proposed non-executive chairman, Jet Airways.
The revival plan for Jet Airways is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months.
"Jet Airways is a brand which has grown bigger and stronger over the last two decades. In its new avatar, Jet Airways will now be headquartered in Delhi NCR with its senior management working from the corporate office at Gurugram. However, Jet Airways will continue to have a strong and significant presence in Mumbai where it will work from its ‘Global One’ office in Kurla. Jet Airways also has a state-of-the-art training center located at Global One, which will be retained and used for in-house training for the Jet Airways team. 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 more than 150 full-time employees on its payroll and we are looking to onboard another 1,000 employees FY 2021-22 across categories. The hiring will be in a phased manner and will be strictly on merit, to meet the operational requirements of the airline. The team at Jet Airways is committed to ensure that Jet Airways will restart its operations with its first flight from New Delhi to Mumbai by Q1 2022,” shared captain Sudhir Gaur, accountable manager, and acting chief executive officer, Jet Airways.