The maintenance of Jet Airways aircraft, which had stopped on June 1, has restarted primarily at Mumbai,
Delhi airports, rekindling hopes of the revival of the full service airline, Mumbai Mirror has learnt.
“Yes, the maintenance to preserve the existing aircraft has restarted from July 22. There are 11 Aircraft comprising Boeing 777, Boeing 737 and Airbus 330s, presently with the company, which are not deregistered, and the engineering team is at present carrying out maintenance for keeping the aircraft in good condition. A few ground staff members have also been deployed for the process,” said an airline source.
On June 1, the regulator Directorate General of Civil Aviation (DGCA) had revoked the approvals required to carry out maintenance after two Jet Airways personnel looking after the aircraft quit and joined IndiGo and Air Asia. As a result, from June 1to July 21, the aircraft could not be maintained. From last Monday, the maintenance restarted after due approvals from DGCA.
“The 11 aircraft which include 5 Boeing 777s, 4 Boeing 737 NG, and 2 Airbus 330s are valued at nearly Rs 4,000 crore. If they are not maintained properly, their condition will deteriorate rapidly, and it will erode the value of the airline’s tangible assets when a final decision is taken at the end of NCLT process,” the senior official said.
In mid-2018, Jet Airways had a total of 124 aircraft in its fleet. After the airline reported losses in three consecutive quarters in 2018, it started defaulting on its payment commitments. From December 2018 till March 2019, the airline grounded over 100 of its aircraft after defaulting on lease rental payments.
30/07/19 Satish Nandgaonkar/Mumbai Mirror
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“Yes, the maintenance to preserve the existing aircraft has restarted from July 22. There are 11 Aircraft comprising Boeing 777, Boeing 737 and Airbus 330s, presently with the company, which are not deregistered, and the engineering team is at present carrying out maintenance for keeping the aircraft in good condition. A few ground staff members have also been deployed for the process,” said an airline source.
On June 1, the regulator Directorate General of Civil Aviation (DGCA) had revoked the approvals required to carry out maintenance after two Jet Airways personnel looking after the aircraft quit and joined IndiGo and Air Asia. As a result, from June 1to July 21, the aircraft could not be maintained. From last Monday, the maintenance restarted after due approvals from DGCA.
“The 11 aircraft which include 5 Boeing 777s, 4 Boeing 737 NG, and 2 Airbus 330s are valued at nearly Rs 4,000 crore. If they are not maintained properly, their condition will deteriorate rapidly, and it will erode the value of the airline’s tangible assets when a final decision is taken at the end of NCLT process,” the senior official said.
In mid-2018, Jet Airways had a total of 124 aircraft in its fleet. After the airline reported losses in three consecutive quarters in 2018, it started defaulting on its payment commitments. From December 2018 till March 2019, the airline grounded over 100 of its aircraft after defaulting on lease rental payments.
30/07/19 Satish Nandgaonkar/Mumbai Mirror
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