New Delhi: Jet Airways is set to recommence commercial flights in the next quarter (July-September 2022) after receiving the all-important Air Operator Certificate (AOC) from Directorate General of Civil Aviation (DGCA) on Friday.
Earlier this month, the airline cleared the first major hurdle when the Union Home ministry granted it security clearance. Subsequently, Jet Airways successfully operated five test flights with DGCA officials on board.
The Naresh Goyal-founded airline started operation on May 5, 1993, and flew commercially for the last time on April 18, 2019.
The company, pulled down under a pile of debt, entered bankruptcy proceedings.
It was then acquired by a consortium of UAE-based businessman Murari Jalan and UK-based Kalrock Capital.
The consortium has committed to a funding of $180 million, of which $60 million will go towards repaying dues.
