Aviation
airBaltic Exhibits CS300 at 2017 Dubai Airshow
Dubai. The Latvian airline airBaltic from November 12 till November 14, 2017 participates in the 2017 Dubai Airshow that is one of the largest and most important aerospace events in the world. During the Dubai Airshow airBaltic together with the aircraft manufacturer Bombardier presents the most advanced commercial jet aircraft Bombardier CS300.
During the 2015 Dubai Airshow Bombardier announced that airBaltic will be the launch operator of the CS300 aircraft. In December 14, 2016 airBaltic started commercial operations with the first CS300 aircraft. At the moment airBaltic fleet consists of seven Bombardier CS300 out of a total order of 20 aircraft. By the end of this year, airBaltic plans to have eight CS300 aircraft.
airBaltic CS300 aircraft currently operates on such popular routes as Amsterdam, Barcelona, Rome, London, Paris and Tbilisi among many others. In addition, airBaltic in cooperation with Etihad Airways on October 29, 2017 launched the longest direct service operated by CS300 between Riga and Abu Dhabi.
The new Bombardier CS300 aircraft, with a total of 145 seats, offers excellent flying experience with such benefits for passengers as wider seats, larger windows, more hand luggage space in the cabin, improved lavatories and more. The new aircraft is also much quieter – with four times smaller noise footprint. Moreover, at the moment, it is the greenest commercial aircraft in the world, as it is the first aircraft to have a transparent declaration of the life-cycle environmental impact, helping to reduce CO2 and NOX emissions by 20% and 50% respectively.
The Dubai Airshow takes place every two years since 1986 in the main hub of the Middle East Dubai. The Dubai Airshow is a world class exhibition showcasing the latest and greatest in military, general and commercial aviation. Dubai Airshow is an important event that brings together aviation industry professionals, media representatives and enthusiasts from all over the world to meet and see novelties. In 2015 the Dubai Airshow welcomed 1 103 exhibitors from 63 countries and over 66 346 trade visitors.
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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