The court said it did not find anything wrong with NCLAT order and JKC could benefit from aircraft sale
The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank
Jet Airways was much bigger when it shut down in 2019. It operated a fleet of 100-plus aircraft out of over 40 domestic and 24 international locations
'Can't take off if relief not granted'
The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021
The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues
Banks oppose consortium plea for handover of the company
Jet Airways is in discussions with aircraft manufacturers and lessors to lease 6-8 planes, including some of those which were to be delivered to Russian carriers prior to the Ukraine war
Jet Airways will have the best possible app, website and IT systems and services among all Indian carriers without losing the human touch, its CEO Sanjiv Kapoor said on Friday. "Human interaction cannot be fully replaced by technology -- it must always be there as a backup, especially when things go wrong (during irregular operations, etc)," he stated in an email to employees. The airline will announce its aircraft order soon after it receives its air operator certificate (AOC), Kapoor noted. On May 5, Jet Airways conducted its test flight to and from Hyderabad in a step towards obtaining the AOC. The airline in its old avatar was owned by Naresh Goyal and had operated its last flight on April 17, 2019. The Jalan-Kalrock Consortium is currently the promoter of Jet Airways. Kapoor's email, which has been accessed by PTI, said the airline will "very soon conduct" its proving flight, the last step before obtaining the AOC. Proving flights are similar to commercial flight with offici
As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore
First flight between Delhi & Mumbai in Q1 of 2022
For businessman Murari Lal Jalan and consortium partner Kalrock, reviving airline is an opportunity
When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January
NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20
The full service airline is grappling with acute financial problems and had to ground some of its aircraft due to non-payment of lease rentals as well as other operational reasons
Civil Aviation Minister Suresh Prabhu Thursday ordered a safety audit of all scheduled airlines and airports, amid recent incidents related to safety of passengers. The development assumes significance as it comes on a day when at least 30 passengers on a Jet Airways flight from Mumbai to Jaipur suffered nose and ear bleeding after the crew "forgot" to turn on a switch that controls cabin air pressure. The minister has also ordered a probe into the Jet Airways flight incident, which is being investigated by the Aircraft Accident Investigation Bureau (AAIB), an official statement said. In recent times, there have been incidents of mid-air engine failures, involving the Pratt and Whitney (P&W) engine-powered Airbus A320 neo planes being operated by domestic budget carriers IndiGo and GoAir. The minister has directed officials concerned to prepare a comprehensive safety audit plan, which involves assessment of safety parameters of all scheduled airlines, aerodromes, flying training ..
Among other routes, the airline would launch non-stop flights between Bengaluru and Lucknow, Indore-Kolkata, Kolkata-Chandigarh and Coimbatore- Hyderabad
The flight with 122 passengers, including seven crew, landed in a remote bay at the Ahmedabad airport and all passengers were disembarked and screened.
A Delhi-bound Jet Airways flight from Mumbai was today diverted to the airport here for "security reasons", according to sources. The flight 9W339, which took off from Mumbai at 0255 hours, landed at Ahmedabad airport at around 0345 hours. A passenger onboard said the flight was diverted to Ahmedabad citing "security reasons". All the passengers were asked to deplane and were screened. A security personnel at Ahmedabad airport said the flight was diverted as there was a specific threat call. The number of passengers onboard could not be immediately ascertained. There was no immediate response from Jet Airways spokesperson.