 "NCLT issues notice to DGCA, MoCA to clear stance on Jet Airways' slots")
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Friday issued notices to the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation (MOCA) on the issue of slots that were with Jet Airways but were awarded to others temporarily since the troubled airline folded operations.
The matter has been adjourned to January 12.
The consortium of UAE-based Murari Lal Jalan and London’s Kalrock Capital, which has won the bid to revive Jet Airways, had earlier said it expected to start operating the airline by the summer of 2021.
Jet was grounded on April 17 due to liquidity crisis and subsequently went into administration in June 2019. When Jet shut operations, it had close to 700 such slot pairs, including 116 in Delhi and 214 in Mumbai.
Airport slot pairs are timings granted by an airport or designated civil aviation authority for scheduled landing and departure of a flight. The Mumbai Bench of the NCLT had earlier directed the government to offer clarity on the slots available to Jet.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%