FIR lodged on complaint by Canara Bank chief general manager names founder Naresh Goyal, his wife Anita, Gaurang Ananda Shetty, Jet Airways, and refers to unknown public servants.
Once India’s top private airline, Jet Airways is returning to the skies. The company is trying to acquire A320neo jets and A220 planes from Airbus SE, Boeing Co. and Embraer SA.
With DGCA officials on board, Jet Airways successfully operated five proving flights on 15 & 17 May. The airline intends to restart commercial flight operations in the July-September quarter.
The airline is set return to the skies that are expected to get more crowded and competitive as billionaire Rakesh Jhunjhunwala-owned Akasa Air gears up to fly later this year.
The winning bidders for Jet Airways plan to start flights in the first three months of next year. The potential revival will be the first for any airline under India’s bankruptcy laws.
The first domestic flight of Jet Airways will be on Delhi-Mumbai route and the Consortium is also looking to restart short haul international operations by Q3/Q4 of 2022.
The airline's new owners — businessman Murari Lal Jalan and Kalrock Capital — have proposed paying only Rs 3.8 billion of the Rs 78.1 billion they owe to financial creditors.
Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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