Big news,This airline is ready to fly after 4 years, got approval from DGCA-Jet Airways

July 31 has brought good news for Jet Airways, which has been throwing dust in the ground for four years. Aviation regulator ie DGCA has finally given permission to fly Jet Airways. Significantly, Jet Airways was declared bankrupt 4 years ago, after which the airline had to be closed overnight. Thousands of workers had come on the streets.

The Jalan-Kalrock Consortium, which bid for Jet Airways, shared the information today i.e. on July 31, stating that the Air Operator Permit of Jet Air Wages has been re-issued. Earlier also the permit was issued twice but due to some reason Jet could not start flights and the permit had expired.

All flights of Jet Airways were stopped from 17 April 2019. The consortium has said in a statement today that it has received AOC for Jet Airways from DGCA on July 28 itself. This has cleared the way for resumption of Jet Airways flight, after which efforts are being made to resume Jet Airways flight as soon as possible.

Stock surge
In such a situation, the second happiness for Jet Airways came when after getting permission to fly, the airline’s stock got to see a jump of almost 5 per cent, which has now reached Rs 51. However, it is still trading at less than half of its 52-week high. Jet Airways’ stock hit a 52-week high of Rs 106.35.

In October 2020, the consortium won the bid for Jet Airways. The consortium is being led by a businessman named Murari Lal Jalan. For this deal, a bank guarantee of 150 crore was deposited by the consortium by January 2023.

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