Jet Airways which went bankrupt in 2019 is expected to resume its domestic and international operations by summer 2021. The consortium led by Murari Lal Jalan and Kalrock Capital has announced the revival of the Indian airline Jet Airways as a full-service carrier. The release says, “If everything goes as per plan and the consortium receives the NCLT and regulatory approvals on time, Jet Airways would be back in the skies by the summer of 2021.” The consortium also plans to increase cargo services to include dedicated freighter service. “Given India’s position as a leading centre for global vaccine manufacture, cargo services have never been more required,” it says.
As per the resolution plan, the Jet 2.0 program intends to operate all of its historic domestic slots in India and restart international operations. Delhi, Mumbai, and Bengaluru will remain the Jet 2.0 hubs. The revival plan proposes to support Tier 2 and Tier 3 cities by creating sub-hubs in such cities.
Manoj Narender Madnani, Board member, Jalan Kalrock Consortium says, “Jet Airways has been a brand with a glorious history of over 25 years, and it is the vision of the Consortium to put Jet Airways back in the skies at the earliest opportunity. We aim to re-energise the brand by infusing energy, warmth, and vibrancy into it while making it bigger and better. Over the years, the brand has created loyal customers and we wish to bring in freshness by adding value – an Indian brand with a global outlook, warm yet professional which symbolises the New India, Young India. With the revival of Jet Airways, it will restore the confidence among the Jet customers to fly again and experience its world-class facilities.”