Jet Airways inches a step closer towards its revival plan as it files for NCLT approval — owners aim to revive operations with six aircrafts
- In its resolution plan, the company stated it aims to begin operations with six aircraft on domestic routes and add one aircraft every month post-commencement.
- Post the NCLT approval, the company plans to reach out to the Ministry of Civil Aviation and DGCA for multiple clearances.
- On November 3, the winning consortium had also submitted the performance security bond of about ₹150 crore.
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With this move, the consortium inches a step closer towards resurrecting the debt-strapped airline. For any takeover under the Insolvency and Bankruptcy Code, the first step is to get approvals from the creditors, followed by NCLT clearance.
According to an ET report, the financial plan submitted by Kalrock Capital and
The operation plan entails a mix of international, cargo, domestic operations for the cash-strapped airline. It also plans to onboard new generation aircraft to improve its efficiency. The airline also mentioned that it would look for international alliances and partners from the beginning of the operations.
In its resolution plan, the company stated it aims to begin operations with six aircraft on domestic routes and add one aircraft every month post-commencement, taking the fleet size to 120 in a period of five years.
Earlier, Jet Airways approved the resolution plan submitted by Murari Lal Jalan and Kalrock Capital to acquire the airline. On November 3, the winning consortium had also submitted the performance security bond of about ₹150 crore.
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