With DGCA officials on board, Jet Airways successfully operated five proving flights on 15 & 17 May. The airline intends to restart commercial flight operations in the July-September quarter.
The airline is set return to the skies that are expected to get more crowded and competitive as billionaire Rakesh Jhunjhunwala-owned Akasa Air gears up to fly later this year.
The winning bidders for Jet Airways plan to start flights in the first three months of next year. The potential revival will be the first for any airline under India’s bankruptcy laws.
The first domestic flight of Jet Airways will be on Delhi-Mumbai route and the Consortium is also looking to restart short haul international operations by Q3/Q4 of 2022.
The airline's new owners — businessman Murari Lal Jalan and Kalrock Capital — have proposed paying only Rs 3.8 billion of the Rs 78.1 billion they owe to financial creditors.
Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
A consortium led by Murari Lal Jalan and Kalrock Capital has set a revival plan, which includes a dedicated freighter service and hubs in small cities beyond Delhi and Mumbai.
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.