Shares of Jet Airways took flight, hitting the upper circuit of 5% on September 29, as the Jalan-Kalrock consortium completed its Rs 350 crore payment.
Jet Airways share price: Today's jump in the share price came after aviation regulator DGCA renewed its air operator certificate. The Directorate General of Civil Aviation (DGCA) has renewed the Airport Operator Certificate (AOC) of Jet Airways on July 28, the Jalan-Kalrock Consortium said in an official statement.
The new owner is in a hurry to take the airline airborne with 25 aircrafts
Murari Lal Jalan of the Jalan-Kalrock consortium told PTI that they expect to restart the defunct airline s operations in four to six months after receiving approval from the National Company Law Tribunal (NCLT) for its resolution plan.
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Earlier in December last year, Jalan said that it plans to operationalise Jet Airways by the summer of 2021, subject to certain conditions.
The NCLT likely to take a final call on the airline s resolution plan, the winning consortium s lead member Murari Lala Jalan told that everything is on track as far as the revival efforts for the carrier are concerned. Stressing that he is very positive about the Indian aviation sector, the new owner of Jet Airways said that initially, the airline would resume flying with around 25 aircraft.