Which airline's RP is set to meet with the DGCA regarding its revival plan

Get insights into the airline company that is in talks for its revival with the DGCA.
The airline company that is currently in talks with DGCA (Directorate General of Civil Aviation) regarding its revival plan is Jet Airways. Here are some insights into the airline company and its current situation:
  • Jet Airways was one of the leading airlines in India until it suspended its operations in April 2019 due to severe financial crises.
  • The company has been in talks with several potential investors, including Etihad Airways, Hinduja Group, and Kalrock Capital, to revive its operations.
  • Recently, Jet Airways' resolution professional has submitted a revival plan to the National Company Law Tribunal (NCLT) for approval, which includes a proposal to fly 25 planes during the first year and gradually increase the fleet size.
  • The company's RP (Resolution Professional) is expected to meet with the DGCA to discuss its revival plan, which includes securing a new air operator's permit (AOP) and other necessary approvals.
  • Jet Airways is facing tough competition from other airlines, both legacy and budget carriers, in the Indian aviation market. Its revival plan needs to be comprehensive and viable, supported by a strong business model and efficient operations.
  • The ongoing COVID-19 pandemic has further added to the challenges facing the aviation industry, and Jet Airways will need to factor in the evolving landscape while planning its revival.
Overall, Jet Airways' revival is eagerly awaited by its employees, customers, and stakeholders, and it remains to be seen how the company's plans shape up in the coming weeks and months.
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