What is the jet cost?
Jetcost is a metasearch like Skyscanner. It allows you to compare hundreds of flights, hotels, and car rentals by analyzing deals from airlines and online travel agencies. The goal of a search engine is to help you find the best travel option. It acts as an intermediary, and does not directly sell flights or travel products. Since 2013, Jetcost has been a brand of Lastminute. Group. The site is most popular in Western Europe and the top search words on the site are for Air France, Ryanair, and Transavia.
Will Jet Airways start again?
Jet airways aims to relaunch operations in 2024 – five years after its high-profile collapse – following the completion of fresh equity infusion from parent company, the jalan-kalrock consortium. jet airways ceased operations in april 2019.
Why did Jet Airways fail?
Rising Costs: High operating costs, including fuel prices and maintenance expenses, strained Jet Airways’ financial resources. Mounting Debt: The airline’s aggressive expansion strategy resulted in a significant debt burden, which became unsustainable. The airline did not have adequate assets for financing even current operations, let alone for future growth. A shutdown thus became inevitable.
Who owns Jet Airways now?
Jet Airways collapsed in April 2019. The National Company Law Appellate Tribunal (NCLAT) on Tuesday upheld the transfer of ownership of Jet Airways to Jalan Kalrock Consortium (JKC), almost a year after it permitted the transfer of ownership to JKC in January 2023. The Jalan Kalrock Consortium (JKC), the would-be new owners of Jet Airways (Mumbai International), enjoyed a significant victory at the National Company Law Appellate Tribunal (NCLAT) this week when the specialist bankruptcy court approved the ownership transfer and ordered it to be done within 90 days.