Aviation

Virgin Australia Places Order for Embraer E190-E2 Jets

Virgin Australia has solidified a firm order with Embraer for eight E190-E2 small narrowbody aircraft, as part of its comprehensive fleet renewal strategy.

These new aircraft, recognized as the world’s most fuel-efficient single-aisle planes with the lowest noise emissions, will enhance Virgin Australia‘s fleet by complementing its larger narrowbodies and replacing the long-serving Fokker aircraft. The order will be officially recorded in Embraer’s Q3 backlog, with deliveries slated to commence in the second half of 2025.

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The E190-E2, set to join the fleet late next year, will primarily serve charter flights for VARA, strengthening its role as a leading operator in the WA charter market.

Building on 20 years of operational excellence from the first-generation E-Jets, the E190-E2 boasts advanced aerodynamics, innovative wing design, and cutting-edge technology that significantly reduce carbon emissions and fuel consumption. It is certified to operate with blends of up to 50% sustainable aviation fuel (SAF) and has proven through test flights the engine’s capability to run on 100% SAF.

Embraer is dedicated to advancing products, solutions, and technologies that contribute to the aviation industry’s goal of net-zero emissions by 2050. The company aims to achieve carbon neutrality by 2040 and carbon-neutral growth starting from 2022. By 2040, Embraer plans to utilize 25% SAF in its operations and intends to rely entirely on renewable energy sources by 2030.

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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.