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

‘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

‘India’s airline fleet, airport capacity likely to double’

India is set to double its commercial fleet and airport capacity in metro cities in the next three to four years, Union minister of civil aviation Jyotiraditya Scindia said on Friday. “There will come a time in India, in the not-too-distant future, the next three years, four years, where our fleet capacity will grow from … Read more

Spicejet settles with AAI. Also rumoured to be in stake sale discussions.

Spicejet has informed that it has settled with Airports Authority of India (AAI) and has cleared all the ‘principal’ dues. Financial difficulties of the airline are widely known. It has been defaulting/ delaying on most of it’s financial commitments. It was moved to ‘cash and carry system’ in airports run by the AAI. Spicejet has … Read more