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Friday, 29 March, 2019, 15 : 00 PM [IST]

Jet Airways to reinstate more than 60 domestic flights by April 25

As per an Economic Times report, Jet Airways is reinstating more than 60 domestic flights between the end of March and April 25, the airline has said in a communication to travel agents. A person in the know said that while there may be little addition to the beleaguered airline’s grounded fleet by then, it will redeploy its international capacity by cancelling some flights on the Gulf routes. The flights to resume include those between Mumbai and Hyderabad, Ahmedabad, Jaipur, Indore, Aurangabad, Pune, Goa and from Delhi to Jaipur, Lucknow, Indore, Bhopal, Bhuj among others.

“Kindly be advised that the cancelled domestic India flights for period March 31, 2019 – April 25, 2019 given in the table below are reinstated,” Jet said in a letter to agents. “Guests who have been re-protected by you on alternate flights due to cancellation of the above flights can be rebooked on the original flights in the lowest available RBD (reservation booking denominator) in the same cabin without any ADC (additional collection),” it said, meaning no additional charge should be levied on booking the passengers back.

The letter added that Jet is as on date flying just 35 planes, down from its original fleet of 124 planes in December. Amit Agarwal, CFO, Jet Airways, said told ET that Jet has convinced lessors for more time and will have 75% of the fleet flying in a month. Meanwhile, a team from Delta Air Lines visited Jet’s Mumbai office thrice this week. The person cited above said this was primarily to discuss synergies on engineering and maintenance with Jet.

Jet’s lenders are now looking for a new buyer for the airline. The bids will be opened on April 9 and the last date for submitting bids is April 30. The lenders hope to find a new buyer for Jet by June end. Agarwal said the bidding is non-restrictive and both Goyal and Etihad can bid. Jet, in the throes of acute financial distress, has defaulted on loan repayments, lease rentals and vendor payments, delayed salaries, grounded planes and laid off staff. (Source: Economic Times)

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