India’s Jet Airways will resume domestic operations by the first quarter of 2022, an investor consortium, whose resolution plan was approved by India’s bankruptcy court earlier this year, said on Monday.
Once India’s biggest private carrier, Jet stopped flying in April 2019 after running out of cash, owing billions to lenders and leaving thousands without jobs, Reuters reported.
The defunct airline had said in June that the National Company Law Tribunal (NCLT) approved a resolution plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan.
See also: EasyJet rejects Wizz Air takeover bid.
The bankruptcy court’s go-ahead came several months after Jet’s creditors had given their approval in October last year to the resolution plan submitted by the consortium.
“Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022,” Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways said.
Jet Airways said it has already hired over 150 full-time employees and is looking to onboard another 1,000 employees in FY 2021-22 across categories.
Related Topics
Lufthansa to Roll Out “Allegris” Experience on Singapore-Munich Route Starting in October
Air Transat Inaugurates Direct Link Between Ottawa and London-Gatwick
Etihad Airways boosts Paris route: Airbus A380 to operate twice-daily service
Airbus mandates 10% cost-cutting drive amid global uncertainty and supply chain constraints
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.