Aviation

From Crisis to Prosperity – 16 th Aviation Management Conference, Don’t Miss Out! register for FREE

On the 13 th of January 2021, the 16 th Aviation Management Conference will be hosted
by fifteen honours students at the Amsterdam University of Applied Sciences. As a result,
from the ongoing COVID-19 pandemic, this year’s conference will be held in an online
environment for the first time ever and is titled “From Crisis to Prosperity”. The students
want to emphasise that the aviation industry is currently in a position wherein the course
can be altered.

Within this online event, the focus will lie upon the vision of young professionals. The core
values within the conference will be continuity, profitability and sustainability. These will be
recurrent themes throughout the day. The values of the conference will be discussed in
greater detail within the main topics of the conference; Economical, Social and
Technological. These topics will highlight the current impact of COVID-19 on the aviation
industry and it considers the need for change within the Aviation System.

Within this online conference, prominent aviation professionals and companies will be
hosted as they participate in panel discussions, interviews and presentations.
Announcements about speakers and conference schedule will be posted very soon. To keep
up to date with the conference, register for FREE, visit amconference.eu or follow them on
social media.

From Crisis to Prosperity – 16 th Aviation Management Conference

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.