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Embattled Jet Airways offers two Boeing aircraft to repatriate Native Americans years after repression

The airline owes more than 8,000 rupees to banks.

The once-legendary full-service airline is undergoing an insolvency process and its business is managed by the insolvency solution professional Ashish Chhawchharia.

  • PTI
  • Last updated: May 25, 2020 12:52 pm IST

Jet Airways, which suspended its services over a year ago due to a money crisis, has reportedly offered two of its Boeing aircraft for operations under the Vande Bharat mission to evacuate stranded Indians.

The once-legendary full-service airline is undergoing an insolvency process and its business is managed by the insolvency solution professional Ashish Chhawchharia. The Insolvency and Bankruptcy Code (IBC) is implemented by the Ministry of Corporate Affairs.

In addition to offering two planes, Chhawchharia has said that money is needed to start proposed repatriation flights.

In a letter to Corporate Affairs Secretary Injeti Srinivas on May 20, Chhawchharia said two Boeing 777-300 ERs can be used for the Vande Bharat mission.

“As desired by you, I have now evaluated whether Jet Airways, with its fleet of large body long-haul aircraft (Boeing 777-300ERs), can assist the Government of India (as part of its Vande Bharat mission) in various countries. to evacuate stranded Indians (due to the COVID-19 pandemic).

“Based on the preliminary assessment, I am fairly confident that Jet Airways should be able to offer two Boeing 777-300ER aircraft to begin with, and up to four aircraft within a reasonable time, to participate in the Vande Bharat mission. .., “said the letter.

A copy of the letter has also been flagged to Civil Aviation Secretary Pradeep Singh Kharola, chief of the aviation regulator, DGCAs Arun Kumar and State Bank of India President, Rajnish Kumar.

The current status of the proposal could not be immediately determined.

Srinivas and Chhawchharia were not available for comment.

Jet Airways currently has 12 aircraft that are either fully owned or covered by a financing agreement.

“Of the existing fleet, one Airbus A330-200 aircraft is currently operated by Air Serbia (under a sub-lease), while one Boeing 777-300ER aircraft is currently parked in Amsterdam. The remaining 10 aircraft are parked at various airports in India, ‘said the letter.

Due to the lockdown, the deadline for completing Jet Airways’ insolvency process has been extended to August 21. New Expressions of Interest (EoIs) for the airline were invited earlier this month, and the filing deadline is May 28.

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