The consortium led by Murari Lal Jalan and Kalrock Capital has announced the revival plan for Jet Airways as a full-service carrier.
The crisis-hit airline had announced its temporary shutdown back in April 2019; thereby leaving more than 20,000 employees unemployed and grounding its 97 aircraft.
However, the airline will return to the skies by summer 2021, if the consortium receives the NCLT and regulatory approvals, including reinstatement of slots and bilateral traffic rights by the Ministry of Civil Aviation and Directorate General of Civil Aviation (DGCA) on time.
As per the Jet 2.0 plan, the carrier intends to operate all of its historic domestic slots in India and restart international operations. Like before, the airline’s hubs will remain Delhi, Mumbai, and Bengaluru. Sub-hubs will be created in Tier II and Tier III cities.
In addition, the Jet 2.0 programme also includes a plan to increase cargo facilities comprising a dedicated freighter service.
Commenting on the revival, Manoj Narender Madnani, board member of Jalan Kalrock Consortium said:
“Jet Airways has been a brand with a glorious history of over 25 years, and it is the vision of the Consortium to put Jet Airways back in the skies at the earliest opportunity.
“We aim to re-energise the brand by infusing energy, warmth, and vibrancy into it while making it bigger and better. Over the years, the brand has created loyal customers and we wish to bring in freshness by adding value – an Indian brand with a global outlook, warm yet professional which symbolises the New India, Young India.
“With the revival of Jet Airways, it will restore the confidence among the Jet customers to fly again and experience its world-class facilities.”