Jet Airways to only operate domestic flights as it resumes operations

Jet Airways is set to resume operations in September after receiving the airline operating permit from the Directorate General of Civil Aviation (DGCA). It will restart operations with domestic routes initially.

The company said that the first flight of Jet Airways will operate on the Delhi-Mumbai route. The airline will now have its headquarters in Delhi instead of Mumbai.

After the announcement, Jet Airway’s share price rose 4.97% to Rs 83.50 on the Bombay Stock Exchange in Monday’s afternoon trading.

The new Jet Airways is likely to start its operation by the end of the year as it began training for its first batch of cabin crew at the Gurugram centre.

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Jalan said that the airline would have more than 50 aircraft fleets in 3 years and over 100 in 5 years. The aircraft are being selected based on competitive long-term leasing solutions.

Once India’s biggest private carrier, Jet Airways stopped operating in April 2019, burdened under piling losses, debt and dues. It was admitted for insolvency proceedings by the National Company Law Tribunal in June 2019.

After two years of a rambling insolvency process, the bankruptcy court approved the Jalan-Kalrock consortium’s resolution plan in June last year. Jet Airways’ flying licence or AOP was made dormant, months after it stopped flying.

Jet Airways to fly only Domestic Initially as it resumes operations.

The airline company also said that more than half of the crew are Jet Airways’ former Jet Crew. All the new aircraft will be narrow-bodied planes. A decision on whether these will be Airbus 320 Neos or Boeing’s 737 MAX will be made public over the next few days.

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The decision to restart operations only domestically on a limited scale is a significant departure from Jet’s past when it commanded the highest international passenger market share in India.

It was the only airline other than Air India flying to the US with a fleet of wide-bodied Boeings. It had the highest international seat capacity among all airlines in India.

With inputs from business standard.