The National Company Law Tribunal (NCLT) has granted time till March 2 to the aviation regulator Directorate General of Civil Aviation (DGCA) to submit its stance on the airline slots of the grounded Jet Airways.During the hearing of the resolution plan of Jet Airways submitted by the consortium of London-based asset management firm Kalrock Capital and entrepreneur Murari Lal Jalan, DGCA sought …

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New Delhi: UAE-based Indian businessman Murari Lal Jalan, who is part of a two-member consortium chosen to revive Jet Airways (India) Ltd by its creditors, is in an advanced stage of talks with the Uzbekistan government to start a full-service airline and also build a new airport in the central Asian country, lawyers representing the lenders and their chosen resolution professional informed the …

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A top corporate tribunal has rejected the plea of Jet Airways employees seeking a copy of the resolution plan of the successful consortium of Murari Lal Jalan and Kalrock Capital.The consortium’s resolution plan has been accepted to restart the now defunct airline.According to the National Company Law Tribunal (NCLT), it noted that the statutory mandate requires that the resolution plan can only …

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In the backdrop of an ambitious push to its privatisation dreams, Centre is reportedly planning to hive off certain subsidiaries of Air India. The subsidiaries in question include the profitable ground handling as well as maintenance and repair arms of the national carrier, a report said. The government is finally making headway in its endeavour to sell its stake in Air India.Central government …

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New Delhi/Mumbai: The domestic air traffic is expected to be back to the full pre-COVID-19 level by the summer schedule with the traffic seeing a sharp recovery from the July quarter onwards after the resumption of the services post Unlock 1.0, Minister of State for Civil Aviation Hardeep Singh Puri said on Friday.Speaking at the ‘India Aircraft Leasing Summit’ at New Delhi’s Vigyan Bhawan, Puri …

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Kolkata: All airlines on Thursday scurried to send out text messages to flyers booked to travel from Mumbai, Pune, Nagpur, Bengaluru, Hyderabad and Kochi to Kolkata from Saturday, informing them that they would be required to reach the airport with an RT-PCR report to board the flights. The state government on Wednesday night had announced that all passengers from four states — Maharashtra, …

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 New Delhi: The hills of Kumaon will soon get closer than ever before for travellers from Mumbai and Bengaluru. Bareilly — which shot to fame in 1966 with Sadhana’s jhumka — will start getting commercial flights from March 8 with Alliance Air connecting it to Delhi. But this town will not get only regional flights to nearby places. IndiGo will connect it to Bengaluru and Mumbai in the summer …

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Mumbai: The airline industry is expected to remain cash negative throughout 2021, according to the latest analysis released by International Air Transport Association (IATA). Previous analysis, done in November last year had indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.”Estimates…

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