Aviation

Jet Airways Insolvency Grounded By Landing Slots

By Bloomberg Quint

Can an airline’s landing slots be reclaimed years after it shut operations? What if they’ve been allotted to other carriers? Are landing slots an airline asset? The NCLT is set to answer these questions in the Jet Airways insolvency case. A landing slot is a permission given by an airport operator to use runway and airport infrastructure such as terminal capacity, parking stand capacity etc.

A resolution plan for Jet Airways was approved on the condition that Jet’s erstwhile landing slots will be available to the successful resolution applicant, a person close to development told BloombergQuint on condition of anonymity.

But the government of India has taken a stance that the issue of landing slots would be looked into afresh, in line with extant guidelines, once the new owner approaches the authority.

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