Aviation

Hi Fly takes delivery of its first Airbus A380

Hi Fly, an European Airline specialized in to other airlines and governments on a global basis, is taking delivery of its first Airbus A380, the world’s largest and most spacious airliner. The arrival is a major event for the Company, making it the 1st Portuguese and the 4th European airline operating the model.

This first A380-841 will join Hi Fly’s fleet in mid-2018 and will be operating worldwide. According to president Paulo Mirpuri, “it is a very proud moment for Hi Fly. The Airbus A380 is the largest and most advanced airliner flying today and certainly the aircraft of choice for the most discerning air travelers. This acquisition has been part of our company’s plans for a while. We are extremely happy to welcome the first A380 to our fleet.”

The double-decker aircraft will be powered by one of the most reliable engines in the world, the Rolls Royce Trent 900 model, and will seat 471 passengers distributed between three classes. The main deck is fully reserved for Economy class carrying a total of 399 passengers while the upper deck has Business and First class seats carrying 60 and 12 passengers respectively. In a high density version, the aircraft can carry up to 868 passengers.

Hi Fly’s A380 will be equipped with state-of-the-art technology and truly luxurious cabin interiors. Each seat will have its own in-seat IFE system by Panasonic CX2 providing the passengers with great in-flight entertainment options and an optimized user experience.

Related Topics:airbus European Airline hi fly Rolls Royce Trent

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.