It’s almost two years since Jet Airways, one of India’s most popular airlines, was grounded.
The carrier is expected to be back in the air by the summer of 2021 under new management.
“If everything goes as per plan and we receive the NCLT and regulatory approvals on time, Jet Airways would be back in the skies by the Summer of 2021,” says an update shared by the Jalan Kalrock Consortium.
Last October, Jalan Kalrock Consortium made of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, took over Jet Airways. The Consortium has proposed to invest Rs10 billion ($138 million), over five years to put the airline back in the air.
Jet’s new owners say they want the airline to “regain the lost ground, set new benchmarks for the airline industry with the tag of being the best corporate full-service airline operating on domestic and international routes”.
The goal is to serve all of Jet Airways historic domestic slots while reclaiming its hubs in Delhi, Mumbai, and Bengaluru.
Initially, flights will be operated with 25 aircrafts.