Published on : Wednesday, March 27, 2019
The management of Jet Airways, led by Chief Executive Officer Vinay Dube, Deputy Chief Executive Amit Agarwal and State Bank of India (SBI) Chairman Rajnish Kumar, met Civil Aviation Secretary Pradeep Singh Kharola on Tuesday and apprised him of the developments at the airline.
Pradeep Singh Kharola said the aviation ministry was keeping a close watch on the developments at Jet Airways.
Jet Airways has assured us that it will operate 75 planes by April-end. It has said there will be no more grounding now. The airline has been asked to submit a report by next Tuesday. A few of the grounded planes are already being readied for operations as lessors have lifted notices, it is learnt.
Jet underwent a change of guard on Monday. The interim management is being formed to look after its daily operations and cash flows. While lenders are hopeful of selecting a new investor in the airline by May-end, the priority of the management is to revive the operations.
Jet Airways is operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares. Other private airlines are seeking airport slots as Jet has pulled out from various routes. Meanwhile, the airline’s pilots union has approached SBI, seeking its help in securing their pending salaries.