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Latest Articles in Aviation
Jet Airways: Seven-Member Monitoring Panel To Manage Airline Under Resolution Plan
NCLT published the written order approving Jalan Kalrock Consortium's resolution plan and the approval is subject to certain directions. A separate order regarding the directions would be issued later by the tribunal.
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NCLT Issues Written Order Approving Resolution Plan For Jet Airways
In a filing to stock exchanges on Friday, Jet Airways' Resolution Professional Ashish Chhawchharia said the tribunal has published the 'written order (dated June 22, 2021)' approving the resolution plan.
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Jet Airways Shares Continue To Fly High
The stock jumped 4.98 per cent to Rs 104.40 -- its upper circuit limit -- for the day on both BSE and NSE.
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Hope To See Jet Airways Flying Again By Year End, Says Airline's Resolution Professional
Chhawchharia said NCLT approval will pave the way for the revival of Jet Airways 2.0 even as there are a few concerns related to the availability of routes/slots for the airlines to fly again.
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Hope To See Jet Airways Flying Again By Year End, Says Airline's Resolution Professional
NCLT's Mumbai bench approved the resolution plan submitted by a consortium of UK's Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan.
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Jet Airways Shares Gain 5 %; Hit Upper Circuit Limit
NCLT admitted the insolvency petition against Jet Airways filed by the lenders' consortium led by the State Bank of India.
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NCLT Nod Clears Runway for Jet Airways Take Off
The National Company Law Tribunal (NCLT) on June 22, approved the Kalrock-Jalan consortium's resolution plan for Jet Airways, with riders.
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Air India To Sell Real Estate Assets; May Garner Up To Rs 300 Cr
The government is in the process of deciding on the final contours for the disinvestment of loss-making Air India.
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TaxiBot: Revolutionizing Aviation Industry
Taxibot is a semi-robotic equipment used to taxi the aircraft from its bay to the take-off zone without using engine power. This process would help save the environment as CO2 emissions corresponding to taxiing of aircraft for every mission would be saved.
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IndiGo Expects Further Momentum In Air Travel Demand By July
The airline witnessed a modest turnaround in demand in the last week of May and this has continued till early June. This shows that passengers' confidence is returning swiftly with the declining COVID cases
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Domestic Air Passenger Traffic Nosedives To 19.20 Lakh In May: Report
The fare increase may not materially impact the passenger traffic demand as in the current scenario, the travel is limited to only necessary travel.
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Indian Airlines May Post USD 4.1-Billion Consolidated Loss This Fiscal: CAPA
Airlines are estimated to need closer to USD 5 billion of recapitalisation in 2021-22 just to survive, including requirements generated through the course of 2020-21
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AirAsia India Extends Free Cancellation, Reschedule Facility In Lockdown-Hit States
All AirAsia India guests who booked their flights before the announcement of the lockdown (in these states) can opt to cancel or change to another flight without incurring any change fees or cancellation charges
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FinMin Widens Scope Of ECLGS, Banks To Offer Concessional Loans For Setting Up Oxygen Plants
Besides, the validity of the scheme has been extended by three months to September 30 and or till guarantees for an amount of Rs 3 lakh crore are issued
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ECLGS To Help Alleviate 'Stressed Cash Flows' Of Airlines, Other Civil Aviation Entities: Puri
Referring to the ECLGS (Emergency Credit Line Guarantee Scheme) 3.0 wherein aviation sector was included on Sunday, the minister said that it can help civil aviation meet their working capital term loan and additional term loan needs.
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