The consortium had 270 days to fulfil all criteria required for the plan's implementation
Jet Airways is in an advanced stage of talks with aircraft makers and lessors to lease planes and expects to restart operations in the coming weeks, according to executives at the airline. The once-storied carrier is now under the ownership of the Jalan-Kalrock consortium and its air operator certificate was revalidated by aviation regulator DGCA in May this year. The executives said the operations of Jet Airways will commence before the end of this year and the initial fleet plan is close to being finalised. Earlier, the airline had said it was targeting to launch operations in October. Amid reports of the launch being delayed, a spokesperson for the consortium said the airline is very close to finalising its initial fleet plan in preparation for opening for sale soon and restart of operations in the coming weeks. "There is no deadline; target dates are set by us alone, and we have always maintained that this is a marathon, not a sprint. We had said we were targeting to launch by
The airline, once India's top private carrier, can't sell tickets in September because lenders are reluctant to allow it to take on any fresh liabilities such as an aircraft order, said the people
Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control
The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs
The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session
Airline will have to demonstrate that it has the resources to fly more planes and it will continue under DGCA's 'enhanced surveillance'
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The Jalan-Kalrock consortium (JKC), which is preparing to launch the airline, however, downplayed the exits
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Jet Airways had posted a revenue of Rs 73.83 crore in the same quarter last year, according to a regulatory filing
This will comprise booking engine, inventory and revenue management, departure control and loyalty management systems
The Jalan-Kalrock Consortium has selected IBS Software, a Thiruvananthapuram technopark-based SaaS solutions provider to the travel industry globally
Aircraft lessor DAE has approached aviation regulator DGCA to deregister three SpiceJet 737 planes
The airline has told the government it plans to have 40 aircraft by December 2024 and 150 by December 2030
5G issues unlikely to affect domestic airlines & their operations in India
The airline which received air operator certificate from aviation regulator DGCA on May 20 is yet to place an order for aircraft with either European planemaker Airbus or American firm Boeing
The airline's board was expected to meet on Monday to finalise the deal
Across the sector, technician salaries are low and Covid-19 pandemic worsened the problem as some airlines resorted to pay cuts
Jet Airways plans to lease 20 Airbus A320s by 2024