Jet Airways to resume domestic operations in 2022, first flight on Delhi-Mumbai route


Media Release

New Delhi, Sep 13: Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways.

The process of reviving the grounded carrier is on track with the existing Air Operator Certificate (AOC) already under process for revalidation. The Consortium is working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking. Senior Members of the Jalan Kalrock Consortium along with Jet 2.0 Operations Team led by the newly appointed Capt Sudhir Gaur, Accountable Manager, and acting CEO visited key airports last month and held productive meetings with them.

Elaborating on details, Murari Lal Jalan, lead member of the Jalan Kalrock Consortium and the proposed non-executive chairman of Jet Airways said “We received the NCLT approval in June 2021, and since then we have been working closely with all concerned authorities to get the airline back in the skies. Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022. Our plan is to have 50+ aircraft in 3 years and 100+ in 5 years which also fits perfectly well with the short-term and long-term business plan of the Consortium. The aircraft are being selected based on competitive long term leasing solutions. It is the first time in the history of Aviation that an airline grounded for more than 2 years is being revived and we are looking forward to being a part of this historic journey. The brand Jet Airways has a huge loyalty-base and we are confident that with industry stalwarts like Capt Gaur, we will be able to capitalize and create new benchmarks. We would like to assure all our loyal Jet Airways guests that your favourite airline will soon be back in the skies.”

The revival plan for Jet Airways is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months.

Sharing operational details, the new accountable manager and acting CEO of Jet Airways, Capt Gaur said “Jet Airways is a brand which has grown bigger and stronger over the last two decades. In its new avatar, Jet Airways will now be headquartered in Delhi NCR with its senior management working from the corporate office at Gurugram. However, Jet Airways will continue to have strong and significant presence in Mumbai where it will work from its ‘Global One’ office in Kurla. Jet Airways also has a state-of-the-art training centre located at Global One, which will be retained and used for in-house training for the Jet Airways team.”

Adding further, Capt Gaur said, “We will start with domestic operations on an all narrow-body aircraft fleet leased from major global aircraft lessors who have approached us, and with whom we continue to engage. Jet Airways has already hired 150+ full time employees on its payroll and we are looking to onboard another 1,000+ employees FY 2021-22 across categories. The hiring will be in a phased manner and will be strictly on merit, to meet the operational requirements of the airline. The team at Jet Airways is committed to ensure that Jet Airways will restart its operations with its first flight from New Delhi to Mumbai by Q1 2022.”

Murari Lal Jalan is the lead member and proposed promoter of Jet Airways.

Jalan is a visionary who expanded his business horizon by investing in multiple paper manufacturing units in India, diversifying his business into mining, trading, FMCG, renewable energy, and other financial and strategic investments across the globe. Jalan's passion for aviation started in early 2020 when he initiated discussions with the government of Uzbekistan to develop an international airport in Namangan City. His desire for aviation got the right push in May 2020 when the bidding process for Jet Airways opened for the fourth time. When major aviation companies decided to stay away from new acquisitions, Jalan saw potential in Jet Airways.

Jet Airways is a common household aviation brand in India and the oldest private airline with a history of more than 25 years. The aviation sector was deeply hit by COVID-19, but that helped the sector as it underwent substantial correction and created an opportune time to start an airline. Given the potential in Indian aviation and with aircraft and human capital available in abundance, Mr. Jalan knew there was no better time to enter the Indian aviation market. In no time, he put together a core team to lead the process and on October 17, 2020 he was announced as a successful bidder for the airline.

Kalrock Capital, is an investment group founded by serial entrepreneur Florian Fritsch.

Florian has partnered with some of the world’s most influential families and organizations via Kalrock Partners. The group provides a combination of investment and advisory services in financial, marketing, managerial and legal matters to all its partners and most importantly facilitates meaningful strategic relationships accessing investment opportunities with global impact. Florian’s track record is all about timing and execution. He is a true Conscious Capitalist who is interested in leaving a positive impact via his investment strategy. His relationships to date span multifamily offices, venture capital and private equity funds, insurance companies and industrial conglomerates. The group has been investing successfully into alternative asset classes over the past 20 years, both as a principal investor, as well as in co-investment syndicates.

 

 

 

 

  

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Comment on this article

  • Flavian, Mangalore/Kuwait

    Tue, Sep 14 2021

    "Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium" That means there could enough financiers & Global partners in the deal. Lets hope for the best. Business will pick up

    DisAgree [1] Agree [2] Reply Report Abuse

  • Sunil K, Mangalore

    Tue, Sep 14 2021

    Jet Airways won't fly in 2022 - running an airline is not easy. It may start a few round trips but won't be able to sustain in the long run.

    DisAgree [5] Agree Reply Report Abuse

  • Chaitra Pinto, Moodubelle / Mumbai

    Mon, Sep 13 2021

    For those who are not aware, it is mandatory to maintain the grounded aircraft spick and span and absolutely airworthy.

    DisAgree Agree [8] Reply Report Abuse

  • Pili, Mangalore

    Mon, Sep 13 2021

    Wow..jet airways will be back.. good news. Now feku can sell air india

    DisAgree [11] Agree [21] Reply Report Abuse

  • Manoj, Kulshekara/Mangalore

    Mon, Sep 13 2021

    Rusty planes due to involvement of funds of D-Company. Earlier one more East West Airlines was operating funded by D-Company for dealing his nefarious activities. Latter on its Chairman was gunned down in Bandra Office by Nana (Chota Rajan) group. On same time financer of D-Company also gunned down in Nepal by Chota Rajan group. Now Dawood dwelling in rat hole..afraid of his life.

    DisAgree [4] Agree [14] Reply Report Abuse

  • Manohar, Udupi

    Mon, Sep 13 2021

    I'm scared to fly on these RUSTY planes...

    DisAgree [16] Agree [7] Reply Report Abuse

  • Rita, Germany

    Mon, Sep 13 2021

    Manihar Udipi,noone compells you.I am happy at last they will be on air.Others are too not best.We have only rusty planes old rusty politiker who doesnt understand of any Economy ,politic but more of cd s.what more u want.?

    DisAgree [8] Agree [13] Reply Report Abuse

  • ramesh, managlore

    Wed, Sep 15 2021

    Its Not Made By Mild Steel To rust

    DisAgree Agree Reply Report Abuse

  • vishwadeepak, mangalore/dxb

    Mon, Sep 13 2021

    Grounded for long ..Aircrafts must have forgot how to fly by this time! half of them would have gone under depression ! remaining half would have lost interest to fly!! well best of luck Jet airways!!

    DisAgree [5] Agree [9] Reply Report Abuse

  • Ronald D, Udupi

    Mon, Sep 13 2021

    Difficult days will continue for Airlines until Corona exists! It may carry on until 2025 according to experts i most fields! I believe them!

    DisAgree [3] Agree [6] Reply Report Abuse

  • N.M, mangalore

    Mon, Sep 13 2021

    Welcome the return of Jet Airways 2.0 . Tired of Dry bread sandwich of Indigo and Jain Banana wafers and Rice chakri of Go First.

    DisAgree [2] Agree [15] Reply Report Abuse

  • Jossey Saldanha, Thane

    Mon, Sep 13 2021

    Modi had Promised 2 Crore jobs Annually ...

    DisAgree [4] Agree [21] Reply Report Abuse

  • Nice, Mangalore

    Mon, Sep 13 2021

    🤣

    DisAgree [2] Agree [9] Reply Report Abuse

  • SJM, Mangalore

    Mon, Sep 13 2021

    Also for the business class passengers free Dokla & Economy class Free Pakoda's to promote Jet Airways.

    DisAgree [3] Agree [11] Reply Report Abuse

  • AFWAN, KARKALA

    Mon, Sep 13 2021

    good to hear the news. now at least we can have some good food to eat in the air. fed up of eating idli & cup cake in some domestic flights.

    DisAgree [3] Agree [21] Reply Report Abuse

  • Jossey Saldanha, Thane

    Mon, Sep 13 2021

    Hope they will start Mangalore - New York ...

    DisAgree [11] Agree [22] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Mon, Sep 13 2021

    My request is they should start flight between Mangalore Goa Mangalore . Then New York and other places.

    DisAgree [2] Agree [18] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Mon, Sep 13 2021

    Jossey Saldanha, Thane, I fully agree with your comment. This Mangalore- New York was a good flight for passengers travelling from Mangalore to New York and back.

    DisAgree [4] Agree [17] Reply Report Abuse

  • PINTO, Dubai/Mangalore

    Mon, Sep 13 2021

    Keep dreaming..

    DisAgree [7] Agree [12] Reply Report Abuse

  • Jossey Saldanha, Thane

    Mon, Sep 13 2021

    PINTO - No GST for Dreaming ...

    DisAgree [5] Agree [18] Reply Report Abuse

  • Raju, Karkala

    Mon, Sep 13 2021

    How about Mangalore Nalasopara

    DisAgree [5] Agree [14] Report Abuse

  • Jossey Saldanha, Thane

    Mon, Sep 13 2021

    Raju - How about Gutter Gas ...

    DisAgree [2] Agree [9] Report Abuse

  • G R PRABHUJI, Mangalore

    Mon, Sep 13 2021

    JOSSEY SIR,---If more people start to dream, then central Government will start to collect GST on dreams also, means good effortless income. Please don't give this type of opinions to central Government.

    DisAgree [4] Agree [10] Report Abuse


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Title: Jet Airways to resume domestic operations in 2022, first flight on Delhi-Mumbai route



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