Jet Airways all set to fly again in Q1 2022

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Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways.

The process of reviving the grounded carrier is on track with the existing Air Operator Certificate (AOC) already under process for revalidation.

The Consortium is working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking.

Senior Members of the Jalan Kalrock Consortium along with Jet 2.0 Operations Team led by the newly appointed Capt. Sudhir Gaur, Accountable Manager, and acting CEO visited key airports last month and held productive meetings with them.

The revival plan for Jet Airways is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months.

“We received the NCLT approval in June 2021, and since then we have been working closely with all concerned authorities to get the airline back in the skies,” said Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways.

“Our plan is to have 50+ aircraft in 3 years and 100+ in 5 years which also fits perfectly well with the short-term and long-term business plan of the Consortium.”

Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022, he added.

In its new avatar, Jet Airways will now be headquartered in Delhi NCR with its senior management working from the Corporate Office at Gurugram, said Capt. Gaur.

However, Jet Airways will continue to have strong and significant presence in Mumbai where it will work from its ‘Global One’ office in Kurla, he added.

“Jet Airways has already hired 150+ full time employees on its payroll and we are looking to onboard another 1,000+ employees FY 2021-22 across categories,” Capt. Gaur said.

“We will start with domestic operations on an all narrow-body aircraft fleet leased from major global aircraft lessors who have approached us, and with whom we continue to engage.”

Kalrock Capital, is an investment group founded by serial entrepreneur Florian Fritsch.