The tribunal heard the resolution plan submitted by the winning bidder Kalrock-Jalan Consortium for grounded Jet Airways. In January, the tribunal had issued a notice to the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation (MoCA) to clear their stance on Jet's slots.
The National Company Law Tribunal (NCLT) is hearing the Kalrock-Jalan consortium’s revival plan for bankrupt carrier Jet Airways. The plan was approved in October.
According to an AFP report, Boeing confirmed February 22 that dozens of its 777 aircraft were grounded worldwide, while Britain announced a temporary ban on those jets following a weekend scare involving a United Airlines plane in Colorado. The incident on the flight out of Denver -- which quickly returned to the airport after part of the engine caught fire and broke off -- prompted United and other airlines to ground the planes with the same Pratt & Whitney engine.
Outside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways’ stake in Jet’s loyalty programme, Jet Privilege now renamed Intermiles.
The petitions argued that the employees of the corporate debtor (Jet Airways) are its assets and are interested in its successful resolution. The Union being unaware of the details of the Resolution Plan needed to know what was provided thereunder for its members and employees.
In a suo motu case in 2015, the CCI had ordered a probe into alleged anti-competitive practices after it noticed similar priced tickets being offered on certain routes by carriers like Indigo, state run-Air India, SpiceJet, GoAir and the now defunct-Jet Airways.
Acumen Aviation confirmed to ET it has started the procedure of registering a company in GIFT City and the venture will be a fully owned subsidiary of the Ireland-based company.
"It would facilitate people visiting Vrindavan Kumbh to watch majestic events like 'Shahi Snan' besides camps of saints and 'akharas' with their flags in the Kumbh," said the firm's Managing Director Vishal Jain.
Travellers coming to India will have to follow new travel rules which have come into effect from today. The norms were issued by the Civil Aviation Ministry in view of the mutant Covid cases. Fresh guidelines are applicable on all international travellers coming/transiting through flights originating from the United Kingdom, Europe and Middle East.
The fresh guidelines are applicable on all international travellers coming/transiting through flights originating from the United Kingdom, Europe and Middle East.
Singh, who cofounded SpiceJet in 2005 and sold it to Kalanithi Maran in 2010, returned in 2015, and is credited with turning around the then-ailing airline.
The consortium of London-based investor Kalrock Capital and Gulf-based businessman Murari Lal Jalan had in October 2020 got approval for its resolution plan to revive the grounded airline. In December, it said it wanted to resume Jet’s flights in the summer of 2021.
An Air India Express flight hit an electric pole while landing at Vijayawada International Airport in Gannavaram. According to the airport administration, all 64 passengers on board the flight and the crew are safe.
The flight from Doha was headed to Vijaywada and then to Trichy. Out of the 64 passengers, 19 passengers were headed to Vijaywada and the rest are now headed to Trichy. The airline authorities have ordered an investigation," the airport director Rao said.
