India's Jet Airways allowed to fly again

Jet Airways (India)

20/05/2022 14:46

NEW DELHI, May 20 (Reuters) - India's Jet Airways  JET.NS 
said on Friday the country's aviation regulator has cleared it
to resume operation of commercial flights.
    Once India's biggest private carrier, Jet stopped flying in
April 2019 after running out of cash, owing billions to lenders
and leaving thousands without jobs.
    Jet said the grant of an air operator certificate by the
Directorate General of Civil Aviation "was the final step in a
comprehensive regulatory and compliance process involving
several procedural checks for the airline's operational
readiness."
    The airline had said in June that the National Company Law
Tribunal (NCLT) approved a resolution plan submitted by a
consortium of London-based Kalrock Capital and UAE-based
businessman Murari Lal Jalan.

 (Reporting by Sudarshan Varadhan, Editing by Louise Heavens)
 ((Sudarshan.Varadhan@thomsonreuters.com; +919810393152;
Twitter: https://twitter.com/sudvaradhan @sudvaradhan;))