Jet Airways, which had gone into insolvency proceedings, will start domestic flights in the country by the first quarter of 2022, while short-haul international flights will begin by the last quarter of next year, Jalan Kalrock consortium, the winning bidder for the airline, said on Monday.
The National Company Law Tribunal (NCLT) approved the Jalan Kalrock consortium's resolution plan for Jet Airways in June this year.
The airline has hired over 150 full-time employees and is looking to onboard another 1,000+ employees in FY2021-22. Jet Airways plans to have over 50 aircraft in three years and 100 plus in five years, which also fits perfectly well with the short-term and long-term business plan of the consortium, Jalan Kalrock said.
"The aircraft is being selected based on competitive long term leasing solutions. It is the first time in the history of aviation that an airline grounded for more than two years is being revived and we are looking forward to being a part of this historic journey," Jalan said.
The first flight of Jet Airways would be on the Delhi-Mumbai route, the consortium said. The headquarters of the airlines would also be moved to Delhi from Mumbai. The consortium is working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking, the statement said. "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," it added.
The revival plan for Jet Airways is being implemented as per NCLT's approval and all the creditors will be settled according to the plan in the coming months, Jalan Kalrock said.
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