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Grounded airline Jet Airways to fly soon, DGCA grants operator certificate
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SME Times News Bureau | 20 May, 2022
Civil
aviation regulator, the Directorate General of Civil Aviation (DGCA) on
Friday granted the air operator certificate (AOC) to Jet Airways,
bringing the grounded airline yet another step closer towards
relaunching of its services.
The Naresh Goyal-founded
airline operated its first commercial flight in May 1993 but had ceased
operations in early 2019 due to some financial difficulties. Before
this, Jet Airways flew to over 65 destinations in India and across the
world with 124 narrow-body and wide-body aircraft.
Subsequently,
Jet Airways underwent the corporate insolvency resolution process under
the Indian Insolvency and Bankruptcy Code and as per orders of the
National Company Law Tribunal's Mumbai Bench.
The resolution plan for Jet Airways submitted by the Jalan Kalrock Consortium was approved.
Earlier this month, the airline had conducted test flights to ensure its aircraft's safety.
With
the receipt of the air operator certificate, the Jalan Kalrock
Consortium has fulfilled all the conditions precedent under their
NCLT-approved Resolution Plan. The process concluded with the airline
having successfully conducted a number of proving flights between May 15
and May 17, with key DGCA officials on board.
The revalidation of AOC enables Jet Airways to resume its scheduled commercial operations in India.
This
significant milestone also paves way for the comeback of the iconic
airline in a new avatar with fresh funding, changed ownership, and new
management.
"We will not only live up to the great expectations
from brand Jet Airways, but also exceed them in many ways for today's
discerning flyers. We are committed to making this an extraordinary
success story in Indian aviation and in Indian business," said Murari
Lal Jalan, Lead Member of Jalan-Kalrock Consortium.
Jet Airways intends to recommence commercial operations in the next quarter of this year (July-September 2022).
Aircraft
and fleet plan, network, product and customer value proposition,
loyalty programme, and other details will be unveiled in a phased manner
over the coming weeks. Additional senior management appointments will
be unveiled next week, and hiring for operational roles will also now
commence in earnest, with former Jet Airways staff getting preference,
wherever possible.
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