Jet Airways locks at 5% upper circuit on plans to commence operations in Q1 of 2022

The airline will fly in the air after being grounded for nearly three years. Jet Airways is said to be based in Delhi-NCR.

Sep 14, 2021 02:09 IST India Infoline News Service

Jet-Airways3
Jet Airways locked on the upper circuit on Tuesday after the Jalan-Kalrock consortium stated that the airline plans to resume operations in the first quarter of 2022. The Jalan-Karlock consortium's resolution plan has already received clearance from the NCLT.

The airline will fly in the air after being grounded for nearly three years. Jet Airways is said to be based in Delhi-NCR.

Earlier this month, the airline had tweeted about hiring.

On September 01 this year, CNBC-TV18 reported exclusively that Jet Airways has planned to commence flights in the first quarter of 2022. The airline has already hired around 150 people with plans to hire over 1,000 people in the first phase.

As per the reports, the airline expects to begin operations for short-haul international journeys between the third and fourth quarters of 2022. Also, Jet Airways is seeking to add more than 50 aircraft to its fleet over the next three years. The fleet size is aimed to increase by more than 100 over five years.

At around 1.59 pm, Jet Airways was trading at the upper circuit of Rs87.65  per piece 4.97% on Sensex. 

Related Story

Open Free Demat Account (Rs699)