The Jalan Kalrock Consortium has thus fulfilled all the conditions precedent of its resolution plan approved by NCLT.
Revalidation of the AOC allows Jet to resume commercial operations in India. The AOC was the final step in a comprehensive regulatory and compliance process involving multiple checks of the airline’s operational readiness. The process ended with the airline having carried out several test flights between May 15 and May 17 with key DGCA officials on board.
“Today marks a new dawn not only for Jet Airways but also for the Indian aviation industry. We are now poised to make history by bringing India’s most beloved airline back into the air” , said Murari Lal Jalan, lead member of the Jalan-Kalrock consortium.
Jet Airways plans to resume operations between July and September. The aircraft and fleet plan, network, product and customer value proposition, loyalty program and other details will be unveiled gradually over the coming weeks.
Additional senior management appointments will be unveiled next week and hiring for operational roles will also begin in earnest, with former Jet Airways staff getting preference where possible.
“There is a need for an airline that is simply not a clone of other airlines, but offers something significantly different while offering new ways to attract, delight and win customers,” said Jet Airways CEO Sanjiv Kapoor.
“All members of the Reboot team are deeply committed and passionate about building the new Jet Airways into a modern, differentiated, people-focused airline for the digital age.”
Jet, which was once India’s largest private airline, operated a fleet of more than 120 aircraft serving dozens of domestic destinations and international hubs such as Singapore, London and Dubai. The airline was forced in April 2019 to ground all flights due to mounting losses as it tried to compete with low-cost rivals.