Jet Airways Gets DGCA Nod To Start Commercial Flights.

• Directorate General of Civil Aviation (DGCA) granted Jet Airways the Air Operator Certificate (AOC) permit which would allow the airline to resume commercial flight operations after being grounded since 2019 due to mounting debts. The AOC enables Jet Airways to resume its scheduled commercial operations in India.

Background

• The Naresh Goyal-founded Jet Airways, which operated its first commercial flight on May 5, 1993. But collapsed under the mounting debt on April 18, 2019.
• The company then entered bankruptcy proceedings, and was acquired by a consortium of UAE-based businessman Murari Jalan and UK-based Kalrock Capital.