Significant developments came from Indian aviation this week, with Jet Airways expected to restart operations in the next 90 days.
The airline was grounded in 2019 due to financial turmoil. If they get back into the skies, this will be a significant turnaround.
Without further ado, let’s get into it…
Outcome of Court Proceedings with Jet Airways…
As per Aviation A2Z, the National Company Law Appellate Tribunal has granted the transfer of ownership of Jet Airways.
The airline will be transferred over to Jalan Kalrock Consortium.
This transfer, alongside the requirement of acquiring an Air Operator’s Certificate, must be completed in 90 days.
Ultimately, this means that there is the potential for another Indian airline to enter the market in the next three months.
Of course, this could very well be subject to change, especially if any issues arise in that period.
Another Contender in the Indian Airline Market?
It is still very much early days at this stage regarding whether Jet Airways can return to commercial operations in 90 days.
For such an Air Operator’s Certificate to be issued, this requires review and scrutiny from the DGCA.
A solid business plan will be needed to prevent future bankruptcies, as we saw back in 2019.
If the Jalan Kalrock Consortium can manage this in a 90 day period, then this will represent a quick turnaround.
As it stands, it is unclear what sort of routes and aircraft will be utilised by Jet Airways.
What we do know, courtesy of data of Planespotters.net, is that the following aircraft belonging to the airline are parked:
- 2 Boeing 737-800s.
- One Boeing 737-900.
- Two Boeing 777-300ERs.
It is unclear whether these aircraft will remain in the fleet if the AOC is granted to Jet Airways.
Overall…
In conclusion, this is a big step for the Jet Airways brand, and all eyes will be on what the next 90 days holds.
If the airline can get back in the air, then this will be a strong turnaround compared to the position they have been in the last five years.
It is unclear what sort of competitive edge the airline will have when starting off against the likes of Air India, IndiGo and others.
But for now, let’s see what happens in the next 90 days. Because you never know: Jet Airways could rise from the dead.
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