Jet Airways’ plan to get back into the sky was boosted following the renewal of its Air Operating Certificate (AOC), a necessary step in getting airborne again.
The Directorate General of Civil Aviation (DGCA) renewed the AOC after lots of hard work by the Jalan Kalrock Consortium, which has a resolution plan in place.
In a statement, it was noted that the AOC renewal gives confidence once more to the team that their resolution plan has the wheels to get airborne once more eventually.
Expressing gratitude, the consortium said the faith and understanding shown to them meant a lot and helped power them through more challenging times.
While an AOC renewal has been granted, it doesn’t mean the airline will be airborne instantly; there is still a lot of work behind the scenes with relevant documentation, planning, discussions with authorities and more before the green light can be given.
It’s been more than four years since Jet Airways collapsed, with the airline ceasing operations in April 2019 after longstanding financial trouble. At the time, it was paired with Air India as an airline that struggled with competition from new low-cost carriers.
Air India, however, thanks to new ownership of Tata Group, is attempting to come out the other side and has had a lot of cash injected into it as an overhaul of the image takes place. At Jet Airways, however, there’s much more to the situation than the splurging of billions on new aircraft; the airline remains grounded.
With a CEO that also departed only recently, more questions are unanswered than answered, and that’s what the next weeks and months will be for.