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Such handling of the situation has allegedly been across the board and not just with aircraft but other Jet assets too. A source associated with the revival argues that even before the successful bidder was chosen, those involved with the process "squandered away a good opportunity to monetise the assets in the best manner possible".
JET SET GO AVIATION FULL
In the time being, due to the pandemic, the market for aircraft has also taken a full circle. Now, after almost three years, the 11-odd aircraft that are left have not only depreciated in value significantly but also totted up parking and other charges lying unutilised at airports. "Jet in May 2019 had four B777s and these could have been sold back then almost right away and good money recovered but this didn't happen," said a source. For one, they argue that almost ₹3,000-4,000 crore could have still been recovered if Jet's aircraft and other assets had been monetised in 2019 itself. Those associated with the revival process say many mistakes have been made right from the word go. For a government preoccupied with optics, Jet making a comeback would be welcome, regardless.
JET SET GO AVIATION SKIN
"Although MOCA doesn't have any real skin in the game, they are keen that such a revival takes place as it adds a feather to their cap and looks good on paper," says a senior government official involved with the process. Sources involved and who have been associated in various capacities with the revival say that those in charge have made a sincere attempt to build a strong and credible team.Īt the ministry level, there is now support for the revival plan since it looks good if there is a revival of a much-loved brand during their reign. There are currently over 200 employees in total including some pilots and crew. Niraj Chandan (Director – Flight Safety). Vishesh Oberoi (Director – Flight Operations), and Capt.
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The management team also includes senior executives from erstwhile Jet Airways, such as Capt.
![jet set go aviation jet set go aviation](https://www.thesouthafrican.com/wp-content/uploads/2020/06/022778af-private-jet.jpeg)
PP Singh as Accountable Manager, Alphonso Dass as VP – Operations, Nakul Tuteja as VP - HR & Administration. In addition, an airline spokesperson said that Vipula Gunatilleka has joined as CFO, Capt. To begin with, the airline in April onboarded a new CEO - Sanjiv Kapoor - who was with SpiceJet and Vistara before he joined the hospitality sector. Although industry remains unsure of the source of funds, many things happened. In 2022, however, things moved at a faster pace. Shivkumar - who had been closely involved with the revival resigned and exited. Towards the end of the year, at least two former Jet senior employees - Sudhir Gaur and finance expert M. Through 2021, the process of revival moved very slowly and Ministry of Civil Aviation (MOCA) officials and the sector observers were not convinced the airline would take off at all. A court panel approved Jet's takeover and restart plan in June 2021. After a lengthy search for new investors, the Jalan-Kalrock consortium's bid was selected by creditors in October 2020. The journey to this stage of the revival process has been far from easy for the team that is seeking to resuscitate India's much loved private airline that downed its shutters in April 2019. A few days later on May 19, the airline was granted the much awaited AOP. On May 15 and 16, the newly revived Jet Airways conducted its first proving flights, albeit with old aircraft, successfully, in anticipation of receiving its air operator's permit (AOP) - the final hurdle to be cleared before it takes off.
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