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Jet Airways

Jet Airways’ air operator certificate renewed by DGCA

The Jalan-Kalrock Consortium, which is the resolution applicant for the cash-strapped Jet Airways, has successfully secured the renewal of the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA).

Jet Airways shares up 3% on revival hopes

The consortium of 26 lenders, led by State Bank of India, which now owns 51 per cent in the airline, had invited expressions of interest (EoIs) between April 8 and 12 and had received four preliminary bids.