The Central government has extended the cap of three months on forwarding ticket bookings for flights operated on Jet Airway's airport time slots that have been re-allocated to other airlines.
According to informed sources, the re-allocation of slots on a temporary basis has been extended till December 31 from September 30.
In April, the temporary suspension of Jet Airways' operations had created a capacity crunch in the domestic sector. Consequently, 280 slots in Mumbai and over 160 in Delhi were left vacant.
Jet Airways on April 17 announced a temporary suspension of all flight services as it failed to secure interim funding from lenders to maintain even bare minimum operations.
Currently, Jet is under the NCLT process, under which a committee of creditors has invited EoI from potential bidders.
If a bid is approved by a majority of CoC members, only then the resolution can move ahead. A formal concurrence from the NCLT will be, though, required.
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