Aviation

In picture : Aero India 2017 with Jetline Marvel

The 11th edition of the biennial Aero India took off to a colourful start on Tuesday at the Yelahanka Air Force Station in Bengaluru. While it was common for overseas companies to steal the show earlier with their advanced metal birds, Aero India 2017 offered more of indigenous aircraft and their breathtaking display of thrilling manoeuvres at Yelahanka. However, the show touted to be the largest air show in entire Asia appeared to have lost its mojo with many aircraft and flying squads giving a miss to this year’s aero show.

A total of 549 companies are taken part in the event, of which 270 are Indian and 279 foreign. Mi-17 helicopters, indigenously built HAL products comprising Light Utility Helicopter (LUH) flanked by Cheetal helicopter, Advanced Light Helicopters (ALH) and the Light Combat Helicopter (LCH), formation comprising Dornier Do 228, Light Combat Aircraft Tejas, HTT-40 (Basic Trainer Aircraft) and Hawk and others have been showcased at the event by India.

Jetline Marvel exclusive photos during the Air show 2017.

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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.