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Smoke In Bengaluru-Bound SpiceJet Plane SG-3466(VT-SUM)

Smoke In Bengaluru-Bound SpiceJet Plane SG-3466(VT-SUM)

Passengers of a SpiceJet plane flying from Coimbatore to Bengaluruhad a narrow escape yesterday as the crew observed smoke in the front cabin when the plane was landing, an official statement said. The flight Q 400, however, made a normal landing as the pilots did not seek for any emergency landing, a SpiceJetstatement said, confirming about the incident. There was no report of injury to any passenger.

While landing in Bengaluru, the crew observed light smoke in the front cabin. The aircraft made a normal landing and vacated the runway. Neither did the pilots seek nor was there any requirement of an emergency landing, the statement said, adding the passengers were deplaned safely in a normal manner.

Courtesy: Business standard

Aviation

No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation

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.

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