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 hurdl
e 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.