Latest Jet Airways News: Debt-ridden Jet Airways was shut down in 2019. The consortium of kalrock Capital and Murari Lal Jalan won the bid to re-operate it last year. After this, the National Company Law Tribunal (NCLT) approved it.
Latest jet Airways News
Jet Airways, which has been closed for more than two years, is preparing to fly once again. Jet is going to resume domestic operations in the first quarter of next year i.e. 2022. The new management of Jet Air Jalan Carlock Consortium had expressed hope to start operations. The airline also plans to start international flights. Captain Sudhir Gaur will be the CEO of Jet Airways.
Murari Lal Jalan, proposed non-executive chairman of Jet Airways, said, “Jet Airways 2.0 aims to resume domestic operations by Q1-2022 and international operations by Q3 and Q4 of 2022.
New Plan for Jet Airways
In the latest jet airways news, the process of restarting the grounded carrier with the existing Air Operator Certificate (AOC) is already underway. According to the report, the consortium is working closely with the concerned authorities and airport coordinators on slot allocation required airport infrastructure and night parking.
What Murari lal jalan said
Jalan said that the airline will have a fleet of more than 50 aircraft in 3 years and more than 100 aircraft in 5 years. Jalan said, “The aircraft is being selected on the basis of competitive leasing solutions.” He also said that this is happening for the first time in aviation history that a company stays on the ground for 2 years and then takes off again. We are becoming a part of this historical part.
Jet Airways Share Price
After finalizing the survival plan of Jet airways, The jet airways share price is flying high in the share market. In April 2020, Jet airways stock price was 13.65rs but now jet airways share price today is 84.40rs.
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When Flights will start
Jet Airways 2.0 aims to start flying between April and June in 2022. However, only domestic operations will start at that time. After that, the international operation will be started by the third or fourth quarter. To run operations with 50 aircraft in the next 3 years. Whereas there is a plan to take up to 100 aircraft in 5 years.
What about Jet Airways Employees
Jet Airways has already hired more than 150 employees. By March next year, the company will recruit one thousand employees. The appointments will be done in a phased manner. Its first flight will run between New Delhi to Mumbai.
Office of Jet Airways
As per latest jet airways news, In the new avatar, the headquarters of Jet Airways will now be Delhi instead of Mumbai. Its corporate office will be in Gurugram from where its senior management will look after the work. However, its presence in Mumbai will remain strong. It will have its Global One office in Kurla area of Mumbai.
History of Jet Airways
Born in Sangrur, Punjab, Naresh Goyal borrowed some money from his mother and opened his own travel agency by investing his savings. He named his travel agency Jet Airways. Maybe something big started running in his mind at the same time. By 1993, that era also came when Naresh Goyal launched Jet Airways with 2 planes.
Trouble started for Jet Airways when IndiGo and SpiceJet started offering low cost. The stake of Jet Airways gradually started declining and the debt on the company started increasing. In 2006, the company bought Air Sahara for about Rs 2250 crore. It is believed that this decision also did not prove to be correct.
Etihad Airways was initially ready to increase investment in Jet Airways, but Naresh Goyal declined to step down as the company’s chairman. He was not ready to reduce his stake. In such a situation, he could not raise money and the company was closed.