The acting CEO of Jet Airways quit this week. The date to seek regulatory permissions for restarting the airline has also been extended twice. Why is the re-launch of Jet Airways looking turbulent?
Waiting in the wings since April 2019 -- when it was grounded due to a financial crisis -- Jet Airways has been looking to hit the skies for a long now. The new owners, British firm Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, have time and again asserted that Jet Airways 2.0 will take off at the beginning of this year.
But will everything go as planned? The company has recently seen a slew of resignations. This week, Sudhir Gaur, its accountable manager, and acting chief executive de-boarded the company.
Gaur was heading the operations team and was involved in key negotiations for airport slots. The airline’s finance head and head of management information systems had quit two weeks ago.
We reached out to Jet Airways for their stance on the recent developments but didn’t receive a response by the time of publishing this video.
While Gaur’s replacement has been found in the head of training and standards in Nepal Airlines, PP Singh, there are several other tasks to complete before Jet Airways 2.0 can take off.
The Kalrock-Jalan consortium is yet to finalize its fleet plans. Jet Airways 2.0 is understood to have a fleet of 11 aircraft, including Boeing 777, 737, and Airbus A330, on its books now.
The two company owners had said that the airline would commence domestic operations with six narrow-body aircraft in 2022. And also that the airline plans to have a fleet of 100-plus aircraft.
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