Thursday, April 11, 2019

Fate Of Jet Airways’ International Operations Lies In DGCA Report

The government is likely to review Jet Airways (India) Ltd.’s eligibility to continue its international operations after it gets a report from the Directorate General of Civil Aviation on the issue, a top ministry official said. On the verge of going belly up amid acute cash crunch, the airline has reduced its fleet to just 14 planes as of Thursday—down from 123 planes in operation at its peak.
"We have sought for all the details from Jet. The DGCA has asked for the details. After we get those details, we will see to it," Aviation Secretary Pradeep Singh Kharola said, when asked whether the ministry is planning to review Jet's eligibility to continue its international operations in view of the almost negligible fleet.
Jet Airways, which is currently under the management control of the State Bank of India-led consortium of lenders, has been struggling to carry out operations as most of its aircraft are grounded due to payment issues.
The government rules stipulate an airline must have at least 20 planes for operating international operations.
11/04/19 Bloomberg Quint