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A revived Jet Airways all set to take off: Calls for pilots
The airline had incurred heavy losses and the lenders had taken the company to the insolvency court. The NCLT approved the revival plan on June 22 last. A consortium of Kalrock Capital and Murari Lal Jalan are the new promoters of the airline. There is no guarantee to absorb the ex-employees of Jet Airways. The airline said in a Twitter post that flights will resume after slots are allotted at the airports.

NEW DELHI, Aug 4: The revived Jet Airways airline will start flights after slots are allotted at the airports. The airline under new promoters has called for applications from experienced pilots.

A Jet Airways post on Twitter said it is back and is looking for experienced pilots. It said, "If you are interested, fill in the form at https://getfoureyes.com/s/9jKeh/ Hope to have you on-board soon!." Besides personal details, applicants are asked to provide licences and medical details with expiry dates, flying hours and trainer qualifications.

It also seeks info on experience of pilots on a B737, A330, B777 and B787 aircraft.

The new owners have given no guarantee to absorb the ex- employees of Jet Airways. There are 3,000 employees now of the total 22,000 on its rolls while running.

Jet Airways had shuttered operations in April 2019 due to heavy losses and was in a resolution process under the Insolvency and Bankruptcy Code (IBC). The resolution process for the 25-year- old airline had begun in National Company Law Tribunal (NCLT) in June 2019. The NCLT approved the Jet Airways revival plan on June 22 last. The consortium of Kalrock Capital and Murari Lal Jalan are the new promoters of the airline.

Jalan-Kalrock consortium had prepared a resolution plan and submitted it to Jet Airways Committee of Creditors (CoC) in October 2020. The CoC gave approval to the plan.

The airline was suffering heavy losses and the lenders had taken the company to the insolvency court.

Jalan Kalrock Consortium had won the bid for the airlines. They made a total cash infusion of Rs 1,375 crore in the airline. The lenders' claims of over Rs 7,800 crore was to be setled under the approved resolution. They were to get Rs 1,010 crore against their claims. As per the plan, workers and employees were to get Rs 113 crore.

Jet Airways (India) Ltd, owned by Naresh Goyal, was an Indian international airline based in Mumbai. It had a 21.2% passenger market share in February 2016.

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