Jet Airways will restart domestic operations by the first quarter of 2022 and short haul international flights by the last quarter of the next year, Jalan Kalrock Consortium, the winning bidder for the grounded airline, stated on Monday. The first flight of Jet Airways would be on Delhi-Mumbai route, it mentioned, adding that the airline would now be headquartered in Delhi instead of Mumbai. The National Company Law Tribunal (NCLT) in June this year had approved the Jalan Kalrock Consortium's resolution plan for Jet Airways, two years after the once-storied full-service carrier went into insolvency proceedings.
It will be inducted into the IAF inventory at a ceremony in Jodhpur in presence of Defence Minister Rajnath Singh and chief of air staff Air Chief Marshal VR Chaudhari.
Jet Airways will be able to take to the skies once again, after aviation regulator DGCA on Friday granted it a revalidated air operator certificate, allowing the airline to resume commercial flight operations.
The Army is looking at procuring the LUHs and LCHs to replace its ageing fleets of Cheetah and Chetak helicopters.
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
While Indian Air Force ace pilot Group Captain Abhinandan Varthaman was accorded the Vir Chakra, Army Major Vibhuti Shankar Dhoundiyal, who was killed in the 2019 Pulwama terrorist attack, was accorded the Shaurya Chakra (posthumously) by President Ram Nath Kovind in an investiture ceremony on Monday.
Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
Jet Airways is seeing a churn in its senior management ahead of its planned take-off this year. Sudhir Gaur, accountable manager and acting chief executive officer, is the latest to quit the company. Finance head M Shivakumar and head of management information system (MIS) Farazad Patrawalla moved out a few weeks earlier. Gaur had been part of the initial team selected by the Kalrock-Jalan consortium, which secured approval from the National Company Law Tribunal (NCLT) last June to revive the airline.
During these eight weeks, the budget carrier will be subjected to "enhanced surveillance" by the Directorate General of Civil Aviation.
The issue of fog and low visibility primarily impacts airports in northern India and Bengaluru.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
Air India's pilot unions on Monday alleged that working conditions are hostile at the airline and sought Tata group chairman N Chandrasekaran's intervention to resolve the issues. Tata group took control of loss-making Air India in January this year. The two pilot unions -- IPG and ICPA -- claimed that despite its unflinching support extended to Air India in its growth and expansion plan, the management has not reciprocated in the same manner.
There was no word on the much-anticipated procurement of 26 naval variants of Rafale fighter jets by India from France.
The Eknath Shinde-led Maharashtra government has come under fire following the Centre's announcement that Tata-Airbus C-295 transport aircraft project would be set up in Gujarat, with the opposition seeking to know why the project that was supposed to come up in Maharashtra went to the neighbouring state.
BJP MP Tejasvi Surya on Thursday took a sortie in Light Combat Aircraft (LCA) Tejas, on the second day of the ongoing Aero India-2021 in Bengaluru.
SpiceJet will operate two daily flights using wet leased Twin Otter aircraft from Maldivian Aero. PM Modi is expected to inaugurate and travel on first flight.
Except GoAir, all other Indian airlines have opened bookings for their domestic flights that will start operating from May 25. GoAir will open bookings on domestic flights from June 1 onwards.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
Public sector lender Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways. The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB's petition along with its interim plea seeking a stay over the execution of the resolution plan. A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.
According to Madhavan, the delivery of the Tejas LCA to the IAF under the Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets.
Jet Airways' cabin crew and ground staff have challenged the Jalan Kalrock consortium's resolution plan, which was approved by the National Company Law Tribunal (NCLT) in June, flagging concerns about pending salaries and retirement benefits. In their petition filed before the National Company Law Appellate Tribunal (NCLAT), the Jet Airways Cabin Crew Association and Bhartiya Kamgar Sena have submitted that dues of all workmen of the airline were not included as part of the Corporate Insolvency Resolution Process (CIRP) cost. In June, NCLT approved Jalan Kalrock Consortium's resolution plan for Jet Airways, which remains grounded for more than two years now.
It has sanctioned Rs 42 crore for the purpose.
Tata Group-owned AirAsia India, which is in the process of being merged with Air India Express, has taken short-term loans worth Rs 630 crore during the last six months to deal with cash crunch. AirAsia India has been making losses since its first commercial flight on June 12, 2014. Its net loss increased by 42 per cent to Rs 2,178 crore in FY22.
The US state department has reportedly given a final nod to Pakistan's request for military hardware
A DGCA official clarified that while Tuesday's order does permit off-duty pilots and off-duty cabin crew members to travel in the cockpit's jump seat, they will have to still undergo pre-flight alcohol test just like the pilots flying the plane.
'The government has assured us support.' 'The civil aviation ministry have told us that whatever we need, we will get prime airport slots and bilateral rights.'
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
He said the South African cheetahs will first arrive at the Gwalior Air Force base in MP on Saturday morning and 30 minutes later they will be transported some 165km away to KNP in Sheopur district by IAF helicopters.
Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.
The 5.8-tonne twin-engine gunship chopper is armed with air-to-air missiles, 20 mm turret guns, rocket systems and other weapons.
The sources said the talks are focused on sorting out certain issues relating to cost component, weapons package and technology sharing.
The Tata Group-owned Air India has readied a five-year transformation plan, which is expected to take its domestic market share to 30 per cent, up from 8.4 per cent logged in June. IndiGo leads with a market share of 58.8 per cent. The transformation plan--Vihaan.AI-unveiled on Thursday revolves around tripling the domestic market share with investments in new aircraft, technology and improvements in customer service.
Speaking on condition of anonymity, the official asserted that it is known that China used these balloons for surveillance.
The Bharatiya Janata Party in the state demanded an apology from the Uddhav Thackeray-led government over this incident.
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