Aviation

“New in Oktoberfest look: the airberlin chocolate heart!”.

Soon air berlin will be abuzz with the Oktoberfest mood: for two weeks from September 18, passengers on all domestic flights will receive the first “Oktoberfest heart” limited edition as they leave the aircraft. The messages on the chocolate treats in gingerbread heart look include “I mog Di” (“I like you”), “Spatzerl” (“Darling”) and “Herzerl” (“Sweetheart”).

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“Our passengers love the chocolate hearts. They are known to take a second one whenever we have special edition hearts, like at Christmas time. I’m already excited to see how the passengers flying with us to the Oktoberfest will enjoy the new edition”, says Claudia Emrich, flight attendant at airberlin. The chocolate hearts are produced by Lindt and weigh around 20 grams. Each chocolate heart is made of Alpine whole milk and has a cocoa content of at least 30 percent.

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.