Jet Airways ceased operations in April due to a massive financial crunch, and now, with its comeback in , the airline will become the first-ever Indian carrier to be revived under the bankruptcy law.
Jet will now be headquartered in the greater Delhi metro region instead of Mumbai. The new senior management of the airline will be working from its corporate office in Gurugram. In terms of planes, the airline will lease an all narrow-body aircraft fleet to restart its domestic operations.
The airline says it is aiming to lease more than 50 aircraft in the next three years and more than in five years to fulfil both its short-term and long-term business plans. Absolute idiots. Seats are not cleaned before boarding the planes.
Never using Jet Airways again. At first we kinda accepted it and get along with the rerouted flight to Mumbai. Because of this I need to stay at hotel in Mumbai before continuing my trip to Pune by car in the morning. Yet it doesnt simply end with re route trouble, my checked in bagage is delayed! It still left in Singapore where I transited. They promised to take my bag tomorrow in the morning yet my bag arrived 2 days later.
As it not enough with just that, they also canceled my return ticket a day before. I supposed to fly on saturday morning I write this review on friday , and due to sudden information from Jet Airways my office had to find flight replacement, best closest day they get is sunday evening whom will be operated by another airways, and I will arrive in jakarta at Monday-noon.
Canceling all appointment plan in the weekend. Very disappointing. They were having fun mingling amongst themselves, instead of serving and taking care of customers. Wont ever fly again, and not like they seem to be in business anytime soon. Jet Airways defers fresh take-off plans for the fourth time The new owners of Jet Airways have deferred the commencement of its operations for the fourth time in a year, even as the airline continues to be trapped in legal wrangles with lenders and employees.
All News Videos Photos. Jet to commence operations next March as legal issues continue to plague airline Jet Airways will commence operations in the first quarter next year, even though it continues to be trapped in legal complications.
Is there a need for a separate bankruptcy resolution process involving airlines? Lessons from Jet Airways The resolution plan has been challenged in NCLAT by the employee associations of Jet Airways on the grounds of lack of clarity over pending salalries and retirement benefits. Jet Airways owes employees between Rs 3 lakh and Rs 85 lakh.
New owners want to pay Rs 23, to each The cash payment proposed by Kalrock-Jalan for each staffer is a token sum of Rs 11, and then Rs 5, towards medical reimbursements for workmen's parents, Rs 6, as reimbursement for workmen's children and a one-time mobile recharge of Rs Jet Airways may take a year to start flying again after revival plan approval The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several approvals and clearances before it takes to the skies again.
Jet Airways shares more than halved since closure of operations in Shares of Jet Airways on Tuesday jumped 5 per cent on the bourses. Hope to see Jet Airways flying again by year end, says airline's resolution professional "We are delighted with the go-ahead to the plan. Jet Airways has no right on its old slots, DGCA tells bankruptcy court The government supports the revival of the airline, but any application for the allotment of slots and other approvals, validations and recertification will be considered as per the existing policy and law only, the civil aviation ministry and the Directorate General of Civil Aviation DGCA told the Mumbai bench of the National Company Law Tribunal NCLT.
Jet Airways' would-be owners push start of operations to July; pending cases indicate further delay The consortium of London-based investor Kalrock Capital and Gulf-based businessman Murari Lal Jalan had in October got approval for its resolution plan to revive the grounded airline. Jet Airways likely to submit revival plan this week The debt-laden airline may sell current A and B aircrafts and forward payment to creditors, and is likely to propose an upfront payment of Rs crore in the initial stage, the report added.
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