Jet Airways Intends to Take-Off by the summer
By: Ashwathy Nair
- The new promoters are all set to start Domestic & International flights with the same slots.
- All the historic domestic slots in India will be operated and International operations will be restarted.
- Some top executives from other airlines were approached by the new management.
Last year, Jet Airways (India) Ltd, the full-service airline that went bankrupt is said to be coming back in the skies by early summer. The new promoters of Jet Airways, Murari Lal Jalan and Kalrock Capital are planning to start its domestic and international flights with the same slots that were available before the airline operations were stopped.
The promoters considered to start a new airline, but because of its enduring value, connecting with customers and essential flight slots at different airports, they wanted to stick with Jet brand.
According to the resolution plan, Jet Airways are planning to operate all of its historic domestic slots in India and restart international operations. As per a statement that was released by the firm, if everything goes by plan, and the new consortium receives the National Company Law Tribunal’s and other regulatory approvals on time, Jet Airways is all set to be back in the skies by the summer of 2021.
In a recruiting bid, some top executives from other airlines were approached by the new management.
It was stated by the firm that “The vision of consortium is to regain lost ground by setting a new benchmark for the airline industry with gaining the tag of being the best corporate full-service airline that operates on domestic and international routes. As before, the Jet 2.0 hubs in Delhi, Bengaluru and Mumbai will be remaining. By building sub-hubs in such cities, the plan of revival proposes to support tier-II and tier-III cities.”
A resolution plan that was submitted by a consortium involving UK-based Kalrock Capital and UAE-based businessman Murari Lal Jalan to restart and operate the airline, which was forced to suspend operations in April last year because of a severe shortage of fund and a heavy burden of debts, was approved by lenders on 18th October.
The board members of the Jalan Kalrock consortium, Manoj Narender Madnani stated that “Over 25 years, Jet has been a brand with a glorious history, and the vision of the consortium is to put Jet Airways back in the skies as soon as the earliest opportunity. The focus is on re-energizing the brand by infusing the warmth, energy, and vibrancy into it while making it better and bigger.”
Over years, Jet Airways has created loyal customers and it has been an Indian brand with a global outlook. With the comeback of Jet Airways in the skies, it will restore the confidence among its customers to fly again as well as to experience its amazing facilities.
The focus of the new management also focuses on cargo operations in order to try and improve revenue.
The vision for Jet 2.0 also has a plan to increase cargo services by including dedicated freighter service.