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The Jalan Kalrock Consortium (JKC), which emerged as the successful resolution applicant for the grounded full-service carrier Jet Airways has informed that the Directorate General of Civil Aviation (DGCA) has renewed its Air Operator Certificate (AOC), keeping the hopes alive for the revival of the cash-strapped carrier.
Once a favourite Indian airline, the Consortium is trying to revive Jet Airways under the government’s Insolvency and Bankruptcy Code as per the NCLT-approved resolution plan. However, the carrier has faced several roadblocks since its path to revival since last year.
The Jalan Kalrock Consortium, in a statement, revealed that DGCA awarded it the renewed AOC on July 28 as it said the move ‘revalidates the confidence of the Indian aviation regulator in the revival of Jet Airways.
“JKC expresses its heartfelt gratitude to the aviation regulator, the Ministry of Civil Aviation, and all other stakeholders in showcasing their faith in JKC and in the revival of Jet Airways,” said the company in the statement.
The DGCA had put SpiceJet under enhanced surveillance earlier this month as the airline scrambles to resolve its financial issues. However, SpiceJet denied any such developments at the time. The DGCA inspected a total of 23 aircraft and made 95 observations as part of the procedure. It also conducted 51 spot checks of SpiceJet’s aircraft across 11 locations in India.
It added that the Consortium remains fully dedicated to the revival of Jet Airways and is committed to implementing a comprehensive strategy to ensure the airline’s success. “JKC will continue to work closely with all relevant authorities, industry partners, and stakeholders in reviving Jet Airways in coming weeks,” the airline’s spokesperson added. Launched in 1993 by Naresh Goyal, Jet Airways used to fly to over 65 destinations in India and worldwide with 124 narrow and widebody aircraft before it ceased operations in April 2019.
The airline’s AOC was renewed then in May 2020, which expired after three years in May 2023 since the airline didn’t start operations. Last week, JKC announced the appointment of Jatinderpal Singh Dhillon the airline’s accountable manager.
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