Jet Airways to Resume Domestic Operations by 2022

Issue: 1 / 2022

Jet Airways will restart domestic operations by the first quarter of 2022 and short haul international flights by the last quarter of next year, Jalan Kalrock Consortium (JKC), the winning bidder for the grounded airline, stated. According to the Jalan Kalrock Consortium, which has been chosen to take ownership of Jet Airways following its suspension in April 2019, the Indian carrier is ready to resume domestic operations. Through a time-sensitive infusion of fresh capital, the Consortium intends to fast-track the implementation of the Approved Resolution Plan through the National Company Law Tribunal (NCLT). As per the plan approved by the NCLT in June last year, the Consortium intends to start paying all stakeholders, including ex-employees, workmen and lenders of Jet Airways. “We are excited to embark on the next phase of the revival of India’s most loved airline. We at JKC await the NCLT’s decision on our last filing and look forward to recommencing operations of Jet Airways at the earliest.” Jalan explained further that “The Consortium is ready with its investments. Given the progress the team has made operationally since NCLT approval in June last year, we feel it is time to fund the company immediately for the revival of the business, without delay”. He further said that “We are aiming to start domestic operations at the earliest in 2022 as a full-service carrier and look forward to creating history with Jet Airways revival.”