More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.
Aiming at 50 per cent revenue from its international operations in three years, Naresh Goyal-promoted Jet Airways is planning to launch flights to New York in August followed by San Francisco and Toronto.
Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Monday said aviation regulator DGCA has renewed the airline's air operator certificate. Cash-strapped Jet Airways stopped flying from April 17, 2019. The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023.
The government is examining alleged financial irregularities, sources of funding and other aspects of Jet Airways, the Lok Sabha was informed on Friday.
Jet Airways chairman Naresh Goyal said his airlines, if given permission, would start off by flying to Southeast Asian countries.
As a part of Children's Day celebrations, Jet Airways operated its annual 'Flight of Fantasy' for over 80 underprivileged children.
A consortium of 26 lenders led by the SBI, with 51 per cent stake in the debt-trapped airline, has invited bids from potential suitors.
Synergy Group, the sole potential bidder for Jet Airways, had sought more time to take a decision on investing in the grounded airline.
The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital -- which has won the bid to revive Jet Airways -- on Monday said it expects to start operating the airline by the summer of 2021.
Jet Airways requires at least 200 more pilots to carry out its operations in a seamless manner
All the airline's guests will travel on Thursday to Amsterdam in 15 buses and will be accommodated there in hotels.
The National Company Law Tribunal on Tuesday approved the Jalan-Kalrock Consortium's resolution plan for the bankrupt Jet Airways.
The flight to Mumbai was flagged off by the Indian ambassador to Belgium and the European Union Dipak Chatterjee from the Brussels national airport on Monday morning.
An overriding ambition to rule the domestic skies prevented Jet Airways from becoming a strong and formidable player in the international market. The Sahara buy added to the complexity of its operations and a dilution of what the airline stood for, says Anjuli Bhargava.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
'The government has assured us support.' 'The civil aviation ministry have told us that whatever we need, we will get prime airport slots and bilateral rights.'
An expat pilot with Jet Airways hurled "racist" comments at and assaulted a woman and also abused a physically challenged person on a flight, cricketer Harbhajan Singh claimed.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
After a highly volatile trading day, the scrip skyrocketed 93.35 per cent to close at Rs 64 on the BSE, helped by robust fag end buying.
Jet has about 1,200 pilots operating Airbus, Boeing and ATR aircraft.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
IndiGo continues to fly high as the top airline in India while crisis-hit SpiceJet has some good news.
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
'I saw a passenger sitting next to me bleeding from nose'
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses.
Etihad has high hopes from Jet Airways deal in which it bought out majority stake in 2013.
The incident took place this Monday, when the aircraft was in over the Iran-Pakistan airspace, and was 2.45 hours away from its destination, an airline source said on Wednesday.
Jet Airways is in discussions with aircraft manufacturers and lessors to lease 6-8 planes, including some of those which were to be delivered to Russian carriers prior to the Ukraine war, as it gets ready for the relaunch, according to sources. Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings, they said. Once a major player in the Indian aviation space, the carrier has not flown since April 17, 2019 and is being revived under the ownership of the Jalan-Kalrock consortium.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
A senior pilot had allegedly slapped a female commander during the flight and following the incident the two were grounded by the airline.
"We are considering operating to Paris, Amsterdam, Rome, some places in Germany and other parts of continental Europe. Shanghai and Beijing are also being looked at. We have applied to the Civil Aviation Ministry for traffic rights (to these destinations). We are hopeful of getting approvals soon", Jet Chairman Naresh Goyal said.
While Jet Airways continues to fly high with a dominating presence among airlines in India, it also leads in the number of passenger complaints.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
The assurance to pilots came after a meeting between the two sides at the airline's headquarters in Mumbai on Wednesday, airline sources told PTI on Tuesday evening.
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