Will certainly consider investors’ plan for Jet’s rescue: DGCA to NCLT
The Aviation Ministry and Directorate General of Civil Aviation (DGCA) on Tuesday informed the National Company Law Tribunal (NCLT) that they will positively consider any concrete business plan for the grounded Jet Airways.
The counsel representing the Ministry told the tribunal that it will examine the issue if Jet Airways prospective investors come up with a concrete business plan.
He further said that slots are perishable assets and it cannot be utilized by other airlines.
The deadline for applying for the next round of airport slots is January 15.
Airport slots, the permit for arrival and departure at an airport, play an important role for potential bidders to value the grounded airline.
