Jet Airways Will Have To Reapply For Slots After Resolution Plan Approval

As per plans, Jalan-Kalrock consortium will inspect the Boeing 777 aircraft parked at Mumbai airport once the NCLT clearance comes. “We are not sure what is the situation with the existing aircraft. At the moment, we are planning to start with the new aircraft. If the existing aircraft can be used, we definitely would like to use it in the later stage,” Mr. Jalan had said.

On the issue of slots, Mr. Jalan said that he expected Jet Airways to get the slot it needed upon restarting of operations under a new management for which they were on the look out for professionals to run the carrier.

The consortium, Mr. Jalan had said already fulfilled whatever commitment had been given as per their resolution plan. “The fund that was required until now and whatever is required to start the airlines is ready. We are not looking at anything immediately but as the business grows, we are expecting a lot of cash flow to come. Also, we can go to the market whenever it is required. Nothing is ruled out,” he had said.

Meanwhile, moneycontrol reported that the emphasis will be to control costs and generate cash flow at the earliest. “The priority thus is to first start off with cargo operations, given that demand for freight, especially with India emerging as the vaccine hub, continuing to be robust,” the report said quoting a senior executive from the industry, in the know of things.

While the winning consortium had talked about focusing on smaller routes, instead of the metro ones,  the strategy has now been reinforced. “Cities like Ahmedabad have just taken off.  While this doesn’t mean that Jet 2.0 will not fly between metro routes like Delhi-Mumbai, it doesn’t want to be in cut-throat competition. Thus the emphasis on non-metro routes,” an airline executive aware of Jalan-Kalrock plans was quoted by the report as saying.