Aviation
ANA HOLDINGS Commits to Adding up to 20 Boeing 787 Dreamliner Jets
– Japan’s five-star carrier plans to acquire 11 787-10 airplanes, four 787-9s jet and five options
– Deal marks ANA’s sixth Dreamliner purchase; order book to eclipse 100 airplanes once options are exercised
– ANA plans to use the largest, most efficient Dreamliner to replace certain domestic 777 models
Boeing [NYSE:BA] and ANA HOLDINGS INC. (ANA HD) announced the Japanese airline group today decided to acquire up to 20 more 787 Dreamliner airplanes. The agreement with Boeing includes 11 787-10s, one 787-9 and options for five 787-9s valued at more than $5 billion at list prices. The airline also plans to acquire three new 787-9 airplanes from Atlantis Aviation Corporation.
Once the agreements are finalized, it will be ANA’s sixth order for the ultra-efficient and passenger-pleasing Dreamliner and bring their overall 787 order book to more than 100 airplanes.
With this order, the airline will add 11 of the largest and most fuel-efficient Dreamliner models, the 787-10 to its world-class fleet. Powered by a suite of new technologies and a revolutionary design, the 787-10 set a new benchmark for fuel efficiency and operating economics when it entered service in 2018. The airplane allows operators to achieve 25 percent better fuel efficiency per seat compared to older airplanes in its class.
ANA sees the 787-10 as the perfect airplane to replace previous domestic 777 models that are slated for retirement.
ANA became the global launch customer of the 787 Dreamliner when it placed its initial order in 2004. Since then, like half of all Dreamliner operators, the Japanese carrier has placed follow-on orders. However, ANA is in a class by itself as the world’s biggest 787 operator with 71 airplanes in its fleet and 12 more to be delivered prior to the latest agreement. The new deal will bring the 11 additional 787-10 airplanes, one 787-9 and options for five more 787-9 jets.
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.
China Set to Debut New J-35A Stealth Fighter at Zhuhai Airshow
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.
HondaJet’s New Auto-Throttle: A Game-Changer for Luxury Aviation
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.
-
Aviation2 months ago
Boeing confirms 797: A New Era for Mid-Size Aircraft
-
Aviation1 month ago
Microsoft Flight Simulator Raises $3 Million to Bring Back the An-225 Mriya
-
Aviation2 months ago
Lockheed and Tata Team Up to Build C-130J MRO Facility in India
-
Tech2 months ago
China Developing Jet to Travel Anywhere in Two Hours
-
Airlines2 months ago
Qantas Engineers Stage Walkout Over Cost of Living Concerns
-
Airlines2 months ago
Qatar Citizens Can Travel to the United States Without a Visa
-
Aviation2 months ago
Boeing Offers 25% Pay Increase & Promise to Build Next Plane in Seattle
-
Airlines2 months ago
Airbus Beluga to Deliver Spare Parts for Stranded British Airways A350