is likely to use Boeing 777 planes to restart its international flights in the future and has decided to not sell all of these aircraft in its fleet.
“Jet Airways is likely to retain some of the Boeing 777 flights while selling parts of the fleet. It is in the process of taking a final decision as Jet is readying to start operations in full swing,” a top industry source aware of the development told ET.
The airline had 7 Boeing 777 aircraft in its fleet. It had earlier planned to sell them all to clear dues owed to various vendors, including employees. The airline has, however, sold one of its Boeing 777 that was under the custody of the Dutch administrator, it had said in a regulatory filing.
The sale could have been possible after the aviation regulator the Directorate General of Civil Aviation (DGCA) allowed re-registration of all of these seven aircraft.
“The DGCA has registered all these seven aircraft. Now, it is for Jet to sell or keep them,” said a government official, who did not want to be named.
The official added that Jet’s air operator permit is still under suspension and the renewal of it should not take a lot of time. “If Jet wants, it has an option to change the brand name too,” the official further said.
Aviation industry insiders also said that the plan to not sell all its aircraft makes sense, as the airline may not get the right valuation for these aircraft in the current market conditions.
Meanwhile, Jet Airways has announced it will resume domestic operations in the first quarter of 2022.
“The process of reviving the grounded carrier is on track with the existing Air Operator Certificate already under process for revalidation,” the airline’s new management said in a stement recently.
Jet Airways said it aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022. The plan is to have 50+ aircraft in three years and 100+ in five years. While the airline will restart domestic operations on leased narrow-bodied aircraft, the Boeing 777s can be used for international operations.