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.
- 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.
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a year ago