NEW DELHI: Jet Airways-II has got the final clearance to fly again with the National Company Law Tribunal on Tuesday approving the revival plan for the airline which is grounded since April 2019. NCLT has asked authorities to consider allocation of airport slots when applied for by the Jet-Kalrock, who have been directed to do so within 90 days from Tuesday (June 22). This date can be extended if needed and the issue of historicity of slots has to be handled by the Union aviation ministry and DGCA.
Jet Airways stock price on BSE hit the 5% upper circuit and was at Rs 99.45 on BSE Tuesday following the order. Listed airline stocks at that time were trading at IndiGo: Rs 1,718.40 and SpiceJet: Rs 77.75.
