A brief timeline of the insolvency resolution process of Jet Airways, which started off as an air tax operator in 1993 and became a scheduled carrier in 1995.
April 17, 2019:
Cash-starved Jet Airways suspends operations.
June 20, 2019:
National Company Law Tribunal (NCLT) insolvency petition filed by SBI-led lenders' consortium.
March 13, 2020:
Jet Airways seek more time for resolution process from NCLT after failing to attract any bidders.
March 18, 2020:
NCLT allows more time for resolution process.
June 14, 2020:
NCLT allows Jet Airways to sell its premises in Bandra Kurla Complex (BKC), Mumbai to settle claims, clear overseas debt.
October 17, 2020:
Committee of Creditors (CoC) approves Jalan Kalrock Consortium's resolution plan. The consortium also asks for restoration of slots on the basis of historicity.
February 25, 2021:
NCLT grants more time to aviation regulator DGCA to respond to airline's request for slots.
March 9, 2021:
DGCA and the civil aviation ministry refuse to give any assurances on slots in an affidavit submitted to NCLT.
June 3, 2021:
Ministry tells NCLT that Jet Airways does not qualify for grant of slots on the basis of historic precedence
June 22, 2021:
National Company Law Tribunal (NCLT) approves Jalan Kalrock Consortium's resolution plan; says slot allocations will be decided by the ministry or appropriate authority.