Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on July 31 said it has “successfully obtained renewal for the Air Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28, 2023.”
Launched in 1993, the cash-strapped airline filed for bankruptcy in April 2019. The AOC was re-issued on May 20, 2022. However, the airline did not start operations and the AOC expired on May 19, 2023.
On the other hand, embattled carrier Go First is reworking its strategy of a leaner fleet to resume operations while aiming to secure higher interim financing of Rs 500-700 crore from creditors. The budget carrier applied for voluntary bankruptcy with the National Company Law Tribunal (NCLT) on May 2.