Jet Airways

Jet Airways Limited, trading as Jet Airways, was an Indian full-service airline based in Delhi, with a training and developmental centre in Mumbai. Incorporated in April 1993 as a limited liability company, the airline began operations as an air taxi operator in 1993. It began full operations in 1995, with international flights introduced in 2004. The airline went public in 2005 and in 2007, when it acquired Air Sahara. The airline was expected to re-commence its flight operations by the end of 2024, which would have made it the first Indian airline to be revived after ceasing operations. On 7 November, 2024, the liquidation of the airline was ordered by the Supreme Court of India.

It grew to be one of the largest airlines in India, with a 21.2% passenger market share in February 2016. Jet Airways operated over 300 flights daily to 74 destinations worldwide from its former main hub at Chhatrapati Shivaji Maharaj International Airport in Mumbai and secondary hubs at Chennai International Airport in Chennai, Indira Gandhi International Airport in New Delhi, Kempegowda International Airport in Bangalore, Cochin International Airport in Kochi and Netaji Subhas Chandra Bose International Airport in Kolkata.

With its competitors—primarily low-cost carriers SpiceJet and IndiGo—lowering ticket fares in the following years, it was forced to follow suit, hurting overall performance resulting in steep financial losses. It dropped to second place behind IndiGo in October 2017, with a passenger market share of 17.8%. The downward slide continued and resulted in bankruptcy in 2019. Jet Airways ceased operations in April 2019.

In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal. The airline was expected to restart operations by end of 2024, with Jalan-Kalrock's ownership retained.

After years of prolonged attempts at resuscitation, the Supreme Court ordered the liquidation of the airline on 7 November 2024. Provided by Wikipedia