{"id":17562,"date":"2022-02-08T09:00:40","date_gmt":"2022-02-08T03:30:40","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=17562"},"modified":"2022-02-08T09:00:43","modified_gmt":"2022-02-08T03:30:43","slug":"jet-airways-applies-for-aoc-amidst-uncertain-funding","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/02\/08\/jet-airways-applies-for-aoc-amidst-uncertain-funding\/","title":{"rendered":"Jet Airways applies for AOC amidst uncertain funding"},"content":{"rendered":"\n

Jet Airways applied for the restoration of its Air Operator’s Certificate (AOC) <\/strong>in the last week of January 2022, although there remains a lack of clarity<\/strong> as to the financing of the carrier’s recertification, the Business Standard daily has reported. <\/p>\n\n\n\n

The dormant carrier hopes the Indian Directorate General of Civil Aviation (DGCA) will begin documentation checks in mid-February,<\/strong> paving the way for proving flights by the end of this month. <\/pre>\n\n\n\n
\"Jet<\/figure>\n\n\n\n
  • The AOC could then be restored by March 15, allowing Jet to restart operations nearly three years after it suspended them.`<\/li>
  • On top of appointing new executives, Jet has submitted Letters of Intent (LOIs) for its first batch of narrowbody aircraft for the planned restart and has preliminary agreements with maintenance providers.<\/li>
  • The National Company Law Tribunal (NCLT) has ruled that its new owners can only take formal ownership of the carrier once it regains its AOC. <\/li>
  • Until then, the airline remains owned by its creditors’ consortium led by the State Bank of India.<\/li>
  • This arrangement has made the new owners more cautious about funding Jet’s recertification. <\/li><\/ul>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
    Sources said the consortium has acted in good faith and was willing to expedite the injection of INR1 billion rupees (USD13.4 million)<\/strong> in December, more than the AOC drive requires, but the NCLT refused to accelerate the transfer of ownership.<\/p><\/blockquote>\n\n\n\n
    Separately, in January, the NCLT ordered the new owners to share parts of their resolution plan, which remains secret, with Jet’s labour unions.<\/p>\n\n\n\n
     The order only pertains to the parts of the plan which affect employment conditions. <\/strong><\/p>\n\n\n\n
    Stay connected with us. Have a cheerful day!<\/p>\n","protected":false},"excerpt":{"rendered":"
    Jet Airways applied for the restoration of its Air Operator’s Certificate (AOC) in the last week of January 2022. Know more here.<\/p>\n","protected":false},"author":2,"featured_media":17565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[4975,4700,624,333],"class_list":{"0":"post-17562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"tag-air-operators-certificate","9":"tag-aoc","10":"tag-dgca-india","11":"tag-jet-airways"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=17562"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17562\/revisions"}],"predecessor-version":[{"id":17566,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17562\/revisions\/17566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/17565"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=17562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=17562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=17562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}