Aviation

Boeing Delivers First 737 MAX to Jet Airways

Jet Airways CEO Gives Sassy Reply to Man Who Asked For 2019 Cancelled Flight Refund

Jet Airways becomes first airline in India to operate the new, more efficient 737 jet

Delivery is first of 150 737 MAX airplanes for Jet Airways

SEATTLE, June 19, 2018 /PRNewswire/ — Boeing [NYSE: BA] and Jet Airways today celebrated the delivery of the airline’s first 737 MAX airplane. Jet Airways will be first Indian carrier to fly the new and improved 737 airplane, which delivers a double-digit improvement in fuel efficiency and improved passenger comfort.

“The new 737 MAX is a critical element to our future growth strategy and we are proud to become the first airline in India to introduce this brand new airplane to our customers,” said Naresh Goyal, Chairman of Jet Airways. “The 737 has been the backbone of our dynamic fleet for many years and we are excited to leverage the superior capabilities of the new 737 MAX. The improved economics and efficiency as well as the passenger pleasing features of the MAX will enable us to strengthen our position as India’s premier airline.”

This delivery marks the first of 150 737 MAX airplanes the Mumbai-based airline has on order with Boeing, following two separate orders for 75 jets placed in 2015 and earlier this year.

“This milestone delivery adds yet another chapter in our long and successful relationship with Jet Airways,” said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. “Jet Airways continues to demonstrate their leadership in a highly competitive market and I am confident that these new 737 MAX airplanes will enable the airline to successfully achieve long-term growth going forward.”

Jet Airways is India’s second-largest airline with a fleet of nearly 120 airplanes serving more than 60 destinations across 15 countries across Asia, Europe, North America and elsewhere.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,500 orders from 99 customers worldwide.

The family of airplanes is powered by CFM International LEAP-1B engines, and includes design updates such as Boeing’s Advanced Technology winglet that will result in less drag and optimize performance, especially on longer-range missions. Together, these improvements reduce fuel use and CO2 emissions by at least 14 percent compared to today’s Next-Generation 737s – and by 20 percent more than the single-aisle airplanes they replace.

https://jetlinemarvel.net/2018/04/10/boeing-lion-air-group-announce-order-50-737-max-10-airplanes/

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.