Jet Airways Q1 results: Revenue at ₹37.57 crore

livemint.com:

₹37.57 crore for the April-June quarter of fiscal year 2024. On July 31, Jalan-Kalrock Consortium (JKC) said aviation regulator DGCA renewed Jet Airways’ air operator certificate.

JKC had said it has “successfully obtained renewal for AOC of Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28, 2023." The airline had stopped flying from April 17, 2019. The Air Operator Certificate (AOC) was re-issued on May 20, 2022.

However, since the airline did not start operations, AOC expired on May 19, 2023. JKC emerged as the winning bidder for the grounded Jet Airways after an insolvency resolution process.

However, the ownership transfer to JKC is yet to happen amid persisting differences between JKC and the lenders of the airline. “JKC will continue to work closely with all relevant authorities, industry partners, and stakeholders in reviving Jet Airways in coming weeks," it had said.