new Delhi. Jet Airways planes will soon be seen flying in the sky. The airline’s new promoter Jalan-Calrock Consortium says that the process of restarting the airline is moving in the right direction. The new promoters are working closely with the Ministry of Civil Aviation, Government of India and the Directorate General of Civil Aviation (DGCA). The services of the airline will be started after Air Operator Certificate (AOC) validation.
It is worth noting that in September last year, the Jalan-CalRock Resolution Consortium had said that the airline would start small international flights from the third-fourth quarter of 2022. Jet Airways was shut down in April 2019 due to debt. By March 2019, the loss reached Rs 5,535.75 crore. The airline was shut down on 17 April 2019 due to heavy debt. When the company closed, only 16 planes were left with it.
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the process is quite complicated
The Jalan-Calrock consortium says that the process of restarting the airline is very difficult. The consortium team is coordinating carefully with regulatory authorities to ensure that the process is completed more quickly. Not only this, the consortium team is in talks with several aircraft lasers as well as aircraft manufacturers for the induction of aircraft in the Jet Airways fleet in the next three to five years. Jalan is a businessman of Indian descent living in Dubai. On the other hand, CalRock Capital Management Limited is a London based global firm working in the field of Financial Advisory and Alternative Asset Management.
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you used to speak
Jet Airways was started in the early 1990s by ticketing agent-turned-entrepreneur Naresh Goyal. He gave the option of Air India to the people. At one time, Jet Airways used to speak and the company had 120 airplanes. When the company was at its peak, it used to operate 650 flights every day.
Tags: airline news, Jet airways
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