Industry
Airlines
Jet Airways
set to Revive Domestic Operations
In the first quarter of 2022, the airline is expected to be back in action after it stopped operations in 2019
by Staff Correspondent
T
he aviation landscape in India is getting more and more colorful after the pandemic with multiple new changes happening. One of the major ones being the return of Jet Airways in the market. According to the Jalan Kalrock consortium, the successful resolution applicant of Jet Airways, the airline is positioned to recommence domestic operations in the first quarter of the calendar year 2022, after being grounded for more than two-and-ahalf years. Followed by the domestic operations, there are also plans to begin short-haul international operations by mid-2022, a statement by the consortium informed.
PHOTOGRAPH: SP Guide Pubns
Jet Airways was the biggest private carrier of the country but had to cease operations in April 2019 after it faced grave financial hardship
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SP’S AIRBUZ • Issue 5 • 2021
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www.spsairbuz.com
A bankruptcy court in Mumbai recently sanctioned the revival plan for the grounded carrier. The bankruptcy court’s approval came many months after Jet Airways’ creditors had given their approval in October last year to the resolution plan submitted by the consortium. A few months back in June this year, the National Company Law Tribunal’s (NCLT) Mumbai bench had given a goahead to the resolution plan tabled by the new owner, Kalrock Capital and Murari Lal Jalan consortium. Jet was the biggest private carrier of the country. The carrier ceased operations in April 2019 after it faced grave financial hardship and was enduring a resolution process under the
