Jet Airways won a big respite when the Directorate General of Civil Aviation (DGCA) renewed its air operator certificate (AOC).

The approval from the aviation regulator means that Jet Airways, which has been facing speed bumps in its quest to fly again, can now restart commercial air operations. The airline had stopped flying from April 17, 2019.

Subsequently, in October 2020, the airline’s Committee of Creditors (CoC) approved the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and UK’s Kalrock Capital. In June 2021, the consortium’s bid was approved under the insolvency resolution process.

However, the implementation of the plan has faced delays.

While the airline’s AOC was re-issued on May 20, 2022, since it did not start operations, the permit expired on May 19, 2023.

Win for Maran

The Delhi high court has refused to stay the arbitral award in favour of Kalanithi Maran and enabled him to force its enforcement against SpiceJet, the Ajay Singh-run low-cost airline.

SpiceJet and Ajay Singh had sought to set aside the portion of the award which directed them to refund Rs 270 crore to Kal Airways and Kalanithi Maran.

Additionally, they sought to waive the 12 per cent interest on warrants and set aside the 18 per cent interest granted in the award.