DGCA renews Jet Airways AOC. Jalan-Kalrock Consortium expresses gratitude and implements a strategy for success.
The Jalan-Kalrock Consortium announced that the Directorate General of Civil Aviation (DGCA) has renewed Jet Airways air operator certificate (AOC) on July 28 this year. The renewal demonstrates the civil aviation regulator’s commitment to reviving India’s esteemed airline.
#DGCA renews airport operator certificate of Jet Airways https://t.co/HWH1yiRMkU pic.twitter.com/TrjyXNPXhl
— Hindustan Times (@htTweets) July 31, 2023
Jet Airways Revival:
The consortium expressed gratitude to the DGCA, the Ministry of Civil Aviation, and all stakeholders for their faith in the revival of Jet Airways. The Jalan and Kalrock Consortium are fully dedicated to the airline’s revival and are implementing a comprehensive strategy for its success. They will continue to work closely with relevant authorities, industry partners, and stakeholders to ensure Jet Airways revival.
Jet Airways is currently undergoing revival under the Insolvency and Bankruptcy Code, following the National Company Law Tribunal’s approval of Jalan Kalrock Consortium’s resolution plan. The transfer of ownership to the consortium was authorized by the NCLT in January, making Jet Airways the first Indian airline to be revived under its original name after a prolonged grounding.
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#DGCA renews airport operator certificate of #JetAirways@DGCAIndia@JetAirways @JalanKalrock#India #Aviation #Airports https://t.co/6O9mTPxmLG
Via https://t.co/BNvPT2vCmk pic.twitter.com/HEf9TiKJmM— Infoblaze INDIA (@InfoblazeINDIA) July 31, 2023
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operations in April 2019:
Jet Airways ceased operations in April 2019 due to financial troubles, and the ownership transfer faced delays due to differences between lenders and the consortium. However, with the renewed AOC, the consortium aims to revitalize the iconic airline in the coming weeks.
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