The government is ready to bless the restart of Jet Airways and resumption of its domestic operations is likely to be a smooth process after aircraft availability and fund infusion, CNBC-TV18 has learned.
Incorporated in 1992, Jet Airways started flights in 1993 with a fleet of four aircraft and a network of 12 destinations. After 26 years, the airline suffered severe financial stress, could not come up with ways of fund infusion and debt repayment and shut down on April 17, 2019.
“The air operator certificate of Jet Airways still remains suspended. The government will look at reviving the air operator certificate after the airline clears the necessary regulatory clearances…the regulator will check for airworthiness, maintenance of their equipment, etc….once these processes are complete then they will be able to fly again,” a senior official told CNBC-TV18.
Jet Airways, the biggest international airline from India until last year, had its hub in Mumbai with a host of international flights. However, as the airline started grounding flights, its active fleet reduced to 5 in April 2019 as compared to 119 in Jan 2019.