Slots for Jet Airways will be based on existing norms, not historicity: Government tells NCLT

Defunct Jet Airways NSE -0.72 %, which is undergoing insolvency resolution for nearly two years, cannot claim “historicity” for slots at airports, and allocation of slots will be based on existing guidelines, according to an affidavit. The civil aviation ministry and aviation regulator DGCA have also informed the National Company Law Tribunal (NCLT) that for claiming historicity, the criteria cannot be based on contention that airline was in operation for 25 years.

Jet Airways, which shuttered operations in April 2019, is undergoing resolution process under the Insolvency and Bankruptcy Code (IBC). The Jalan Kalrock Consortium has emerged as the winning bidder for the carrier and the resolution plan is before NCLT, Mumbai.