Jalan-Kalrock fails to pay Rs 150 crore for Jet revival deal

The Rs 4,783-crore revival package of bankrupt Jet Airways offered by the Jalan-Kalrock consortium appeared headed for a dead-end as Supreme Court on Friday refused to extend the Jan 31 deadline for the successful bidder to deposit Rs 150 crore. Appearing for Jalan-Kalrock, senior advocate Maninder Singh tried to convince a bench of Chief Justice … Read more

Akasa Air places order for 150 Boeing 737 Max planes

During the first day of the WingsIndia 2024 air show on January 18, Akasa Air stole the show by announcing 150 Boeing 737 Max orders. The latest order, comprising of 737 MAX 10 and 737 MAX 8-200 jets will provide the airline a steady aircraft delivery stream through 2032, the airline said in a statement. … Read more

Spicejet interested in Go First and also raises fresh funding

There are two notable developments at Spicejet – It’s interested in looking at the bankrupt Go First for acquisition Has expressed interest to Go First’s Resolution Professional and will submit an offer post diligence Further to it’s recently announced plan to raise fresh capital of $270 mn i.e. Rs 2,254 cr – It has announced … Read more

‘Acquiring grounded planes in India is a major struggle’

Acquiring grounded aircraft in India remains a significant challenge, said two senior executives of the Challenge Group, which recently got court approval to acquire three wide-body aircraft of grounded Jet Airways after a delay of more than a year. “Unfortunately, it’s already been two years. It’s a very long period and the process has created … Read more

IndiGo may be hit by Pratt & Whitney engine inspection

The bad news from Pratt & Whitney (P&W) shows no signs of ebbing for customer airlines using its snag-ridden engines on the best-selling single aisle Airbus A320neo planes and passengers. The engine-maker has now warned that “600 to 700 engines will be removed for shop visits between 2023 and 2026 (and) the accelerated removals and … Read more