According to the Jalan Kalrock Consortium, Jet Airways News 2022, a successful resolution application, the airline plans to resume domestic operations in the first quarter of 2022.
New Delhi to Mumbai is scheduled to be the maiden flight.
According to the consortium, the process of resurrecting the grounded airline is on track, with the existing Air Operator Certificate (AOC) currently being revalidated.
On slot distribution, required airport infrastructure, and night parking. The Consortium is collaborating closely with the relevant authorities and airport coordinators.
Last month, senior members of the Jalan Kalrock Consortium and the Jet 2.0 Operations Team, led by the newly appointed Capt. Sudhir Gaur, Accountable Manager and acting CEO, toured important airports and held constructive talks.
“We received the NCLT (National Company Law Tribunal) approval in June 2021, and since then we have been working closely with all concerned authorities to get the airline back in the skies. Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways, said in a statement released by Jalan Kalrock Consortium.
Jet Airways 2.0, according to Jalan, plans to resume domestic operations in Q1-2022 and short-haul international operations in Q3/Q4 2022.
He stated that the consortium’s goal is to have more than 50 aircraft in three years and more than 100 in five years.
“Competitive long-term lease solutions are being used to pick the aircraft,” Murari Lal Jalan stated.
The consortium said in a statement that the Jet Airways rehabilitation plan is being implemented as approved by NCLT and that all creditors will be paid according to the plan in the coming months.
“Jet Airways is a brand that has grown bigger and stronger over the previous two decades,” said Capt. Sachin Gaur, the new Accountable Manager and acting CEO of Jet Airways.
Jet Airways will now be headquartered in Delhi NCR, with its senior management working out of the Gurugram Corporate Office.
Jet Airways, on the other hand, will maintain a strong and prominent presence in Mumbai, where it will operate out of its ‘Global One’ office in Kurla.
Jet Airways also has a cutting-edge training facility at Global One, which will be kept and used for the Jet Airways team in-house training.”
“We will begin with domestic operations on an entirely narrow-body aircraft fleet leased from large global aircraft lessors who have approached us and with whom we continue to engage,” Capt Gaur added.
Jet Airways has already hired 150+ full-time personnel, and we want to hire another 1,000+ employees across all categories in FY 2021-22.”
“The hiring will be incremental and based only on merit,” he continued, “to suit the airline’s operational objectives.”
The National Company Law Tribunal approved a resolution plan proposed by the Kalrock Capital and Murari Lal Jalan consortium in June of this year.
Due to financial difficulties, the airline ceased operations in April 2019 and has been undergoing a two-year resolution procedure under the Insolvency and Bankruptcy Code.
