Jet Airways to resume operations by summer 2021

Jet Airways which had earlier shut down operations due to financial crisis, is all geared up to fly during the upcoming summer holidays.

Jet Airways to resume operations by summer 2021

Jet Airways, which was shut down due to the financial crisis, is now set to resume operations as a full-service carrier by the summer of 2021.

As per reports, the attempts to revive the airways have been successful as Jet Airways are all geared up to fly during the upcoming summer holidays. Moreover, Jet Airways will be launched under the new name 'Jet 2.0'. In addition, an action plan has been drawn up by a group of investors to get the company out of the financial crisis. The group is being led by Kalrock Capital and entrepreneur Murari Lal Jalan. According to sources, Jet 2.0 will focus on Mumbai, Delhi and Bangalore. In addition, air services will be expanded to second and third-tier cities. The Airways also plans to resume international operations once it receives approvals from the regulators and National Company Law Tribunal, the bankruptcy court of India.

Moreover, the plan mentions the owners' vision to "regain the lost ground" and set new benchmarks for the airline industry, with the tag of being the best corporate full-service carrier operating on domestic and international routes.

Jet Airways was shut down back in April last year due to a loss of ₹9,000 crores. As a result, 16,000 employees of the company became unemployed. Furthermore, this comes at a time when many of the world's airlines are struggling to recover from the economic slowdown due to the outbreak of the coronavirus, which sent the aviation market into a tailspin, forcing many airlines to halt operations.

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