The ministry has said Jet’s slots are being allocated on a temporary basis to take care of the capacity shortage that has been the result of Jet’s grounding of operations.
The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.
Chakraborty said the services through the tie-up will cater to major players such as eBay and Amazon in India but also to MSMEs that sell to customers abroad.
Ashish Chhawchharia, partner at Grant Thornton, took charge as RP and met the airline’s management on Saturday.
The action taken by the DGCA will impact the airline’s remaining 14 planes
Fares on the routes would start at Rs 4,499, the airline said.
Jet Airways’ peers IndiGo & SpiceJet had posted Q4 profit of Rs 590 crore and Rs 56.3 crore.
The airline said it plans to raise capacity by 30 per cent this financial year.
The last time traffic declined in India was in June 2013, which occurred after Kingfisher had crashed.
The Hinduja Group has engaged investment bankers led by SBI Capital Markets for due diligence.
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