Jet Airways could fly again in four to six months

India’s Jet Airways could be flying again in as little as four to six months after its creditors approved a bid from entrepreneur Murari Lal Jalan and asset management firm Kalrock. “The expectation is that in the next four to six months one should be able to see Jet back in the skies again,” the airline’s resolution professional Ashish Chhawchharia said Monday. Before that can happen, he adds, the airline needs approval from the National Company Law Tribunal, which adjudicates issues relating to Indian companies. It also needs slots and traffic rights to be allotted by the Ministry of Civil Aviation. “We need to file for the NCLT’s approval, who will check the mandated compliance of the plan and whether the process was carried out properly or not and once they give the approval, that’s when, you know, the implementation steps would start,” he says. He adds that Jet Airways expects to be able to get back the slots “which were earlier enjoyed” before the carrier went bust. Regarding the airline’s fleet, Chhawchharia says the airline now owns “about 12 aircraft”, with “a couple” outside India. The rest, he says, are in India under his custody. In August, Jet made a bullet payment of $13m to the lessors of six Boeing 777-300ERs so that it could take ownership of the aircraft and their engines.<br/>