Jet Airways has provided an update on how far it has progressed in resuming operations. After a new group of promoters, the Jalan-Kalrock Consortium, injected capital into the insolvent airline, the carrier's second stint is anticipated to begin this year. Jet officials are working hard to obtain the essential permissions and are optimistic that regular flights will begin soon.
On March 17th, the Jalan-Kalrock Consortium issued an official statement stating that Jet Airways' relaunch efforts are "progressing well." Jet's staff is claimed to be working closely with the Ministry of Civil Aviation (MoCA), the Government of India, and the Directorate General of Civil Aviation (DGCA) to get all essential clearances, including the revalidation of the crucial Air Operator Certificate (AOC).
The airline is preparing for the requisite proving flight to get the AOC. Obtaining permissions from the appropriate authorities can take a long time, and Jet's statement attempts to illustrate the complexities of the procedure, saying, “Restarting an airline is a complex exercise that must be done meticulously, in coordination with the Regulatory Authorities and we are well underway with this process. The timeline reflects the typical duration of an AOC process however we fully expect to have the proving flight and AOC well in advance of the field timelines.”
The airline has set a March 22nd deadline for revalidating the AOC. It marks the end of a 270-day period that began on June 22, 2021, when the National Companies Law Tribunal (NCLT) approved its resolution procedure.
