Two years since it stopped flying, Jet Airways awaits NCLT clearance

By The Hindu businessline

“I was hoping not to see the second anniversary of Jet’s grounding and instead see them in the skies again. However, under the present circumstances and ongoing impact of Covid-19 since last year, we are making progress in the right direction,” says Ashish Chhawcharria, the Resolution Professional looking after the airline’s sale under the insolvency process.

April 17 marked the second year since Jet Airways was grounded over multi-crore unpaid dues after 25 years of operations. Six months ago, on October 17, 2020, the Committee of Creditors had voted in favor of the consortium UAE based Kalrock Capital and Entrepreneur Murari Lal Jalan.

The airline had drawn curtains on its operations on April 17, 2019 over unpaid dues to the tune of Rs 8,000 crore. Soon after its grounding, State Bank of India had dragged the airline to the insolvency court.

Captain Sangeeta Joshi, an employee of Jet Airways said that on the one hand, it is heartening to see that even after two years of grounding, people miss the ”Joy of Flying” with the “flying sun”. On the other hand, “it’s been over six months, with innumerable court hearings but the sword of ‘slots’ still hangs over our heads.”

In 2019, the Ministry of Civil Aviation had handed over Jet Airway’s slots to other airlines “temporarily.”

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