- Business
- Jet Airways (India) Limited (JETAIRWAYS.BO) operates as an Indian airline under liquidation proceedings following a Supreme Court order on November 7, 2024, which ended revival efforts by the Jalan-Kalrock Consortium due to unmet financial commitments; the company previously provided full-service passenger and cargo air transportation services, along with aircraft leasing. Incorporated in 1992 and headquartered in Mumbai, India, it commenced operations as an air taxi operator in 1993 before expanding to scheduled domestic and international flights serving over 65 destinations across India, Europe, the Middle East, Southeast Asia, and North America from primary hubs in Mumbai, Delhi, and Bengaluru. Its fleet historically comprised Boeing 737s, Boeing 777-300ERs, Airbus A330-200/300s, and ATR 72-500/600s, offering first class, Premiere business class, and economy services on long-haul and short-haul routes with features including web check-in, lounges, and in-flight entertainment. The company historically targeted premium travelers with premium air travel, operating domestic segments within India and international services to regions including Southeast Asia, South Asia, Europe, and North America. In recent developments within the last two years, the Supreme Court mandated liquidation in November 2024 after the Jalan-Kalrock Consortium fulfilled only partial equity infusions totaling Rs 350 crore under the court-approved resolution plan, terminating prior revival plans that included obtaining an air operator's certificate in 2022 and intentions to relaunch with new narrow-body aircraft; earlier, it lost its IATA code in 2023 amid grounded operations since April 2019 due to bankruptcy.