Aviation
Charted plane by the French Army smashes into the sea off the Ivory Coast after taking off in the thunderstorm
According to the daily mail and Reuters reports. At least four people died when a 42-year-old Soviet-built cargo aircraft crashed into the ocean moments after leaving Abidjan, capital city of the Ivory Coast.
The aircraft, which was carrying cargo for the French military broke up after crashing onto the beach.
Several members of the crew survived according to reports on local media. The airport management company confirmed that six of the crew were injured with two of them in a serious condition.
Firefighters and rescue divers removed two bodies from the plane, which had broken into several pieces and come to rest near the beach. Two other bodies were visible in the wreckage.
Another witness saw two injured survivors.
The crash occurred during a storm with heavy rain and lightning and rescuers were hampered by rough seas. Though Abidjan’s airport is located in a heavily populated area, it did not appear there were any victims on the ground.
The name of the company operating the aircraft was not immediately known.
The airport in Abidjan, a city of around 5 million people, is a busy regional transportation hub. It is also used by the French military which operates a logistics base there in support of an anti-Islamist militant operation in West Africa’s Sahel region.
Courtesy : daily mail and Reuters
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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