On May 20, aviation regulator DGCA granted Air Operator Certificate to Jet Airways, allowing the company to start commercial flights and operations. The flight was to start in September, but at the moment this plan is stuck.
There will be more delay in flying Jet Airways. The talk on the restoration of the service of this company is still stuck. because this month Jet Airways The flight will not be able to start. The process of getting the company out of bankruptcy is going on under the supervision of the court. The service was to be restored this month, but due to some reason it has been put on hold. Jalan-Kalrock Consortium has taken the responsibility of getting Jet Airways back on the runway. According to the plan, the planes of this company were to fly in September, but it has been delayed. Earlier, a statement was issued on behalf of the company’s CEO Sanjeev Kapoor and IBS CEO Anand Krishnan, saying that Jet Airways will be started in September.
A report said that Jet Airways, once India’s top private airline, has not been able to sell tickets for September as its lenders have not given green signal for some reasons. Lenders are refusing to take any fresh loans to Jet Airways. A report of ‘Bloomberg’ has been written, ‘Jet Airways is still in talks with aircraft makers, talks are also going on taking contracts. Meanwhile, the lending companies have imposed a kind of ‘veto’ on taking new loans.
jet air preparation
The report said, Jet Airways airline is going to finalize the fleet plan very soon. The company is preparing to start sales and operations can be started in the coming week. It has also been said in the statement that no deadline has been fixed for this and its date will also be decided by the company itself. It has been said on behalf of the company that there is no restriction on ordering new aircraft and the company is completely free to create new assets.
Jet lacks planes
Bloomberg reported in August that Jet Airways was in the final stages of buying 50 Airbus SE A220 aircraft. The company is also in talks with Boeing and Airbus to place purchase orders for the 737 MAX and similar aircraft. Jet Airways ran into severe financial trouble in 2019, after which it was taken over by Dubai-based businessman Murari Lal Jalan and Florian Frisch, chairman of London-based financial services firm Colorrock Capital Management Ltd.
The consortium had said that Jet Airways would start flying in March this year, but the company had not ordered any new aircraft, so the flight could not start. After the company went into trouble, many of its aircraft have been leased to other airline companies. So Jet did not have any of its aircraft left. To start operations, he has to talk to other companies.
What did the CEO say
Jet Airways’ flight service may not have started, but the company has started recruiting staff and social media campaigns are also running rapidly. A hearing is to be held in the court on October 11 on how to get the company out of bankruptcy and what will be its plan. Regarding the delay in operation, the company’s CEO Sanjeev Kapoor wrote in a tweet, “This work (starting flight) is not like ordering fast food on Swiggy. Ordering aircraft and engines is worth billions. It takes time to do the right thing so that there are no regrets later. Sanjeev Kapoor made it clear that airline re-launching takes time and that is what is happening now.
Because this is not an order for fast food from Swiggys. Aircraft and engine orders are worth billions, and one must take the time to get it right so as to not repent later. https://t.co/Fv7VHpTLpv
— Sanjiv Kapoor (@TheSanjivKapoor) August 30, 2022
Service closed since 2019
In 2019, the airlines had stopped their services due to bankruptcy. Earlier on 17 April 2019, the airlines had made its last flight. After this, on May 20, aviation regulator DGCA gave Air Operator Certificate to Jet Airways, which allowed the company to fly commercial flights and start operations. This year the flight was to start in the month of September, but at the moment this plan is stuck.