In Q1 Jet Airways reported a net loss of Rs 234 crore
Jet Airways, which has been grounded for more than two years, recorded a net loss of 233.63 crore for the three months ending March on Thursday.
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Jet Airways, which has been grounded for more than two years, recorded a net loss of 233.63 crore for the three months ending March on Thursday.
Prabh Sharan Singh has been named chief digital officer, H R Jagannath has been named vice president of engineering, Mark Turner has been named vice president of inflight product and services, and Vishesh Khanna has been named vice president of sales, distribution, and customer engagement.
Jet Airways completed all proving flights on May 17 and is currently waiting for the DGCA to grant it an air operator certificate (AOC). The airline conducted the second — and final — set of two proving flights with 31 people aboard, including officials from the Directorate General of Civil Aviation, according to sources (DGCA).
The order might benefit the US plane-maker to regain misplaced ground in one of the world's most encouraging markets.
The team at Jet Airways is committed to ensuring that Jet Airways will restart its operations with its first flight from New Delhi to Mumbai by Q1 2022.
The Ministry Of Civil Aviation (MCA) and the Directorate General of Civil Aviation (DGCA) in regards of an affidavit submitted to the bankruptcy court said that Jet Airways could not claim any historical authenticity to obtain the slots. “The allocation of the slots would happen in accordance with the existing guidelines,” said the Government and Aviation regulator.
On November 5, the Jet Airways insolvency process went to the next step with the resolution professional submitting the winning resolution plan with the National Company Law Tribunal.
Mumbai based Jet Airways stock has surged almost 150 percent this year and is the best performing airline. However, Jet Airways hasn't flown even a flight since it was declared bankrupt but still has got the tag of the world's best-performing airline in terms of share values.
Jet Airways receive revised proposals from two bidders in it's insolvency process.
Jet Airways is up for bidding. The professional resolution to the crisis-hit Jet Airways has been finalized. Therefore, four consortium of potential bidders may submit a bid proposal. This shall only be offered after due thoroughness.
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