Aviation

New Islamabad airport to open on 20 April 2018

New Islamabad airport to open on 20 April 2018

The Cabinet also notified the declaration of Islamabad International Airport as an “Airport”. Considering the years of missed deadlines and delays, it can’t be said with surety when the new airport will begin its operations. It is said that PM Abbasi will inaugurate the airport between 15 to 20th April 2018.

CAA has also released a NOTAM announcing the date of airport’s operations. According to this NOTAM issued by Civil Aviation Authority, Islamabad International Airport will be operational by April 16. If (and it’s a big if given the track record of the authorities) the construction or linkage roads don’t face any further delays, we could see the new airport up and running in about six weeks.

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According wiki source The airport is planned to commence operations on 20 April 2018, replacing the old Benazir Bhutto International Airport. It is the largest airport in Pakistan in terms of passenger capacity, capable of serving 15 million passengers every year in its first phase. Further planned expansions will allow it to serve up to 25 million passengers every year. The terminal includes 15 gates with ten remote gates, a four-star hotel, duty-free shops, food court and 42 immigration counters. Additionally, Civil Aviation Authority of Pakistan is acquiring 2,833 acres (11.46 sq km / 4.42 sq mi) of land to build a third runway at the airport. Furthermore, it is also the first airport in Pakistan capable of handling the Airbus A380 and is expected to become a major hub serving Northern Pakistan.

PHOTO: TWITTER/AirportPakistan

The first successful test flight of PIA PK 9001 along with crew and technical staff took off from Benazir Bhutto International Airport at 1:04pm on Saturday and landed at New Islamabad International airport at 1:29pm.

The flight was flown by Capt Maqsood Bijarani along with chief engineer Farhan Mir, making PIA the first airline, bearing the national flag to land and take-off from the newly constructed airport

https://twitter.com/AirportPakistan/status/982572289211351040/photo/1

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.