Aviation

Wind Causes Hangar Collapse At Houston’s Hobby Airport

According to ABC 13, the private plane hangar, owned by Jet Aviation and located on West Monroe Road at Scranton Street, was pummelled overnight by strong winds up to 60 miles per hour. A total of eight planes, four inside and four outside the hangar, were left severely damaged.

Thankfully, no one was hurt during the storm.

HPD Lieutenant Larry Crowson told ABC 13 that police were called in a little after midnight to help the fire department with the damage. Bill Begley, the public information officer at Hobby, said the damage could cost millions of dollars to repair.

Image result for weather collapses changes by overnight

“There’s only so much you can prepare for,” Begley told ABC 13. “We lease this area out to companies and they build the facilities so we’re trying to support them and trying to recover what’s happening here. Mother Nature can be pretty strong.”

Luckily, the damage and work to clear debris from the runways has caused no flight delays.

Related Topics:Houston Airport Wind crushed the hanger

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.