DGCA has renewed the airlines air operator certificate Cash-strapped Jet Airways stopped flying from April 17, 2019. The Air Operator Certificate AOC was re-issued on May 20, 2022
Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Monday said aviation regulator DGCA has renewed the airline’s air operator certificate.
In a statement, the Jalan-Kalrock Consortium (JKC) said it has ”successfully obtained renewal for AOC of Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28, 2023”
JKC emerged as the winning bidder for the grounded Jet Airways after an insolvency resolution process. However, the ownership transfer to JKC is yet to happen amid persisting differences between JKC and the lenders of the airline
In early morning trade, shares of Jet Airways jumped nearly 5 per cent to Rs 50.80 on BSE. Last week, JKC announced the appointment of Jatinderpal Singh Dhillon. the airline’s accountable manager
JKC expresses its heartfelt gratitude to the aviation regulator, the Ministry of Civil Aviation, and all other stakeholders, in showcasing their faith in JKC and in the revival of Jet Airways,” the consortium said.
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