Aviation
Air India is leasing six Boeing 777s for North American operations.
Six Boeing 777 aircraft will be leased by Air India. This is because several of the current Air India B777 airplanes are currently experiencing delays in North America as a result of their interior conditions.
Six Boeing 777 aircraft will be leased by Air India. This is because several of the current Air India B777 airplanes are currently experiencing delays in North America as a result of their interior conditions.
An insider claimed that recently, malfunctioning seats have caused delays on flights to the US and Canada, notably to Vancouver. An airline official who asked to remain anonymous said, “Taking into account the impact on the airline operations, it has been determined that the company will lease six B777 to conduct its ultra-long-haul flights [lasting over 16 hours)”. “There are no other problems with the [current] aircraft.”
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This airplane will be used within three years and is leased for two years. It is anticipated to come in this month’s October.
The additional airline also plans to purchase nearly 50 A350 aircraft from Airbus and 100 A321 neo aircraft over the next years, and they have already requested that pilots receive training for these aircraft. 141 narrow- and wide-body Airbus and Boeing aircraft currently make up Air India’s fleet.
Aviation
No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation
Jet Airways was once one of India’s leading airlines, known for its service and extensive network. Founded in 1993, it served millions of passengers, connecting cities across India and international destinations.
However, since grounding its flights in April 2019, Jet Airways has struggled to navigate financial turbulence, leading to years of efforts to revive the airline and return it to the skies.
On Thursday, the Supreme Court ordered the liquidation of Jet Airways, citing “no choice” but to take this decisive step after the resolution plan failed to meet creditor obligations. The court invoked its extraordinary powers under Article 142, which allows it to make orders for “complete justice” in any case, overriding previous tribunal rulings.
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The Jalan-Kalrock Consortium (JKC), which had won the bid to revive Jet, faced criticism for not fulfilling payment commitments to creditors, which included major banks like the State Bank of India and Punjab National Bank.
The Supreme Court’s ruling pointed to “peculiar and alarming” issues surrounding the resolution plan’s implementation, leading to its conclusion that liquidation was the only feasible outcome.
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Chief Justice DY Chandrachud, alongside Justices JB Pardiwala and Manoj Misra, emphasized that while liquidation should be a last resort, it was necessary as the resolution plan was “no longer capable of implementation.”
In line with this decision, the court ordered that the ₹200 crore already infused by JKC be forfeited and directed the National Company Law Appellate Tribunal (NCLAT) in Mumbai to appoint a liquidator to oversee the process.
JKC, a partnership between Murari Jalan, a UAE-based Indian entrepreneur, and Florian Fritsch, a Jet shareholder through Kalrock Capital Partners Limited, had taken ownership of Jet Airways two years after it was grounded. The consortium’s inability to fulfill its financial obligations has now led to this final verdict, marking the end of an era for Jet Airways in India.
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