new Delhi: The closed Jet Airways is once again ready to spread wings in the sky. UAE businessman Murari Lal Jalan and consortium of Kalrock Capital of London have won the bid to revive the airline. This consortium has expressed the hope that Jet Airways will resume functioning by the summer of 2021.
Jet Airways awaits approval
This consortium is now awaiting NCLT and other regulatory approvals. Restoration of slots and bilateral traffic rights are yet to be cleared by the Aviation Ministry and DGCA. Let us tell you that the Committee of Creditors (CoC) has already approved the revival plan of the airline submitted in October by the consortium.
Jet Airways closed in 2017
In April 2017, Jet Airways services were shut down due to money problems. Under the resolution plan, Jet Airways will operate all its domestic slots and will also start international services.
Flights will start by summer 2021
The statement issued by the consortium said that if everything goes according to plan and the consortium achieves NCLT (National Company Law Tribunal) and regulatory approvals on time, Jet Airways will again fly into the sky by the summer of 2021.
Jet Airways Brand Trust
The consortium said that we also had the option of starting a new airline, but the basic forces of Jet Airways such as best flight slots, brand value, great in-flight services and safety make Jet 2.0 a little different from other airlines.
Focus on Tier-2, Tier-3 cities as well
Delhi, Mumbai and Bengaluru will continue to be the hub of Jet 2.0 like before, under the revival plan the airline will also provide its services in Tier-2 and Tier-3 cities. This will also give strength to the economy of these small cities.