Jet Airways now has a renewed Air Operator Certificate (AOC) issued by the Indian aviation regulator. The airline went bankrupt in 2019 and has not flown since then.
Jet Airways AOC renewed
The Indian Aviation Watchdog, Directorate General of Civil Aviation (DGCA) has given a new twist in the Jet Airways resolution process. The aviation regulator, which earlier asked the airline to end the legal battle with lenders and infuse funds into the airline has now renewed the Air Operator Certificate (AOC) of the erstwhile bankrupt airline.
The DGCA has renewed the AOC on 28th July. The press release from Jalan-Kalrock Consortium said that the renewal of AOC revalidates the confidence of the Indian Aviation Regulator in the revival of Jet Airways.
Statement from Jalan Kalrock Consortium
Commenting on this development, Jalan-Kalrock Consortium, the winning bidder of Jet Airways said that it expresses gratitude to Directorate General of Civil Aviation (DGCA), Ministry of Civil Aviation (MoCA) and all stakeholders to showcase their faith in Jalan-Kalrock Consortium to revive Jet Airways.
JKC remains committed to the revival of the airline and making as well as executing a comprehensive strategy to ensure the successful revival. The consortium will continue to collaborate closely with all authorities including industry partners and stakeholders in reviving the erstwhile bankrupt airline.
Latest updates from Court
The consortium and lenders were again engaged in a court baffle recently. The consortium alleged that lenders don’t want airline to take off and have tried everything to prevent it from reviving. On the other hand, lenders told NCLAT that the consortium has failed to infused a penny into the airline.
In May 2022, Jet Airways got its first renewed AOC, when Sanjiv Kapoor was at helm as designated CEO. The airline did test flight with a ex-Jet Airways Boeing 737-800 registered as VT-SXE. In April 2023, Kapoort resigned from the airline and moved to Saudia Group as advisor.
What do you think? Will Jet Airways fly? Tell your opinions in the comments.
Source Credits : Jalan-Kalrock Consortium