New Delhi: Jet Airways will restart domestic operations by the first quarter of 2022 and short haul international flights by the last quarter of next year, announced Jalan Kalrock Consortium, the winning bidder for the grounded airline, on Monday.
The airline’s first flight since it was grounded would be on the Delhi-Mumbai route, it mentioned, adding that the airline would now be headquartered in Delhi instead of Mumbai.
The National Company Law Tribunal (NCLT) had in June approved the Jalan Kalrock Consortium’s resolution plan for Jet Airways, two years after the once-storied full-service carrier went into insolvency proceedings.
In a statement, Murari Lal Jalan, lead member of Jalan Kalrock Consortium, said, “Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022.”
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, he added.
“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,” Jalan said.
The consortium’s statement read that the revival plan was being implemented as approved by the NCLT and that all the creditors will be settled according to the plan in the coming months.
The process of reviving the grounded carrier is on track with the existing Air Operator Certificate (AOC) already under process for revalidation, it mentioned.
The consortium is working closely with relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking, according to the statement.
“Senior members of Jalan Kalrock Consortium, along with Jet 2.0 operations team led by newly-appointed Capt. Sudhir Gaur, accountable manager, and acting CEO, visited key airports last month and held productive meetings with them,” the statement said.
Captain Gaur said, “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 are looking to onboard another 1,000+ employees FY 2021-22 across categories,” he mentioned.
The airline was grounded in April 2019 due to fund crunch and high debt.
- HC refuses bail to Yes Bank founder Rana Kapoor’s wife, daughters in corruption case
- Watch: Assam faces drought, but state farmers receive no support
- Meghalaya netizens beware! Cops issue KBC Lottery fraud alert
- Navjot Sidhu resigns as Punjab Congress chief, triggers crisis in party
- How remote Dimapur airstrip gave wings to fledgling Bangladesh Air Force
- Govt dissolves OFB, transfers employees and assets to 7 PSUs