TIL Desk/Business/New Delhi/ Civil aviation regulator, the Directorate General of Civil Aviation (DGCA) on Friday granted the air operator certificate (AOC) to Jet Airways, bringing the grounded airline yet another step closer towards relaunching of its services.
The Naresh Goyal-founded airline operated its first commercial flight in May 1993 but had ceased operations in early 2019 due to some financial difficulties. Before this, Jet Airways flew to over 65 destinations in India and across the world with 124 narrow-body and wide-body aircraft.
Subsequently, Jet Airways underwent the corporate insolvency resolution process under the Indian Insolvency and Bankruptcy Code and as per orders of the National Company Law Tribunal’s Mumbai Bench. The resolution plan for Jet Airways submitted by the Jalan Kalrock Consortium was approved.
Earlier this month, the airline had conducted test flights to ensure its aircraft’s safety. With the receipt of the air operator certificate, the Jalan Kalrock Consortium has fulfilled all the conditions precedent under their NCLT-approved Resolution Plan. The process concluded with the airline having successfully conducted a number of proving flights between May 15 and May 17, with key DGCA officials on board.
