Jet Airways ready to commence domestic operations in early 2022: Jalan Kalrock Consortium
Jet Airways aims to start domestic operations as a full-service carrier with six narrow-body aircraft in early 2022. The Jalan Kalrock Consortium, the Successful Resolution Applicant of Jet Airways, has approached the National Company Law Tribunal (NCLT) to fast-track the implementation of the Approved Resolution Plan by infusing capital in Jet Airways. In its latest filing before the NCLT, the Consortium has intimated December 22, 2021, as its plan ‘effective date’.
The consortium has said that it wants to commence payments to all stakeholders including ex-employees, workmen, ticket claimants and lenders of Jet Airways as per the plan approved by the NCLT in June 2021.
Lead Member of the Consortium and Proposed Promoter and Non-Executive Chairman of Jet Airways, said in a statement, “We are excited to embark on the next phase of revival of India’s most loved airline. We at JKC await the NCLT’s decision on our last filing and look forward to recommencing operations of Jet Airways at the earliest.” Jalan further clarified that the consortium is ready with its investments and feels it is time to fund the company immediately for revival of the business, without delay. He reiterated, “We are aiming to start Domestic Operations at the earliest in 2022 as a Full-Service Carrier and look forward to creating history with Jet Airways revival.”
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