Mumbai: India’s aviation watchdog, the Directorate General of Civil Aviation (DGCA), has cancelled critical authorisations to Jet Airways which have rendered the debt-ridden carrier defunct. The cancellation will also prevent Jet from carrying out any maintenance work on aircraft, sources aware of the matter said.
Decision will impact Jet’s most critical assets
The decision taken by the DGCA is going to have an adverse impact on the airline’s most critical assets: its planes. Even though they are grounded, the planes require constant maintenance and preservation. Experts are of the opinion that with the critical authorisations gone, there is very little value for Jet Airways’ flying rights.
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The airline currently has about 14 planes in its fleet, which consists mostly of wide-bodied Boeing 777 planes. Most of the planes on Jet’s fleet were leased and were deregistered by lessors as Jet failed to clear monthly rentals. The beleaguered airline currently has about 500 engineers on its rolls.
‘Jet failed to meet criteria’
“Jet wasn’t meeting the minimum criteria for its engineering department to do any maintenance work on planes, which is why the action has been taken,” a senior civil aviation ministry official said.
The DGCA decision also bars Jet from undertaking third-party aircraft maintenance work for other airlines.