The Jalan-Kalrock Consortium, the resolution applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) from the aviation regulator, DGCA. This will pave a clear path for the airline to revive its services in India.

Jet Airways was launched in 1993 and quickly became the go-to airline for travellers in India.

The airline suspended its daily operations in April 2019.

Jet Airways is being reviewed under the Insolvency and Bankruptcy Code as per the National Company Law Tribunal (NCLT).

The NCLT has approved the Jalan Kalrock Consortium resolution plan for the airline.

JKC said, “The renewal of AOC revalidates the confidence of the Indian Aviation Regulator In the revival of Jet Airways.”

The Jalan-Kalrock consortium has also expressed its heartfelt gratitude to the DCGA (Directorate General of Civil Aviation) and all the other stakeholders for showcasing their trust in JKC and in the revival of Jet Airways.

At 12:00 p.m., the shares of Jet Airways India Ltd opened 4.91% above their previous close on NSE.