Latest News
Jet Airways restart approved by bankruptcy court
New Delhi: The grounded Jet Airways will take to the skies in its new avatar by the end of this calendar year. On a day when the company’s revival plan was approved by the National Companies Law Tribunal (NCLT), a top consultant working on the airline also said that its new routes will be decided within the next 90 days.
“Based on discussions I have been having, given the order has been received today, I think it would be a fair estimate to say that by the end of this calendar year we can hope to Jet in the skies again,” Ashish Chhawchharia, Head of Restructuring Services at Grant Thornton Advisory, said in a statement.
His company was appointed to oversee the airline’s restoration by a consortium of London-based Kalrock Capital and the UAE-based businessmen Murari Lal Jalan which now owns Jet.
Jet Airways was forced to ground all flights in April 2019, crippled by mounting losses. The carrier owes over ₹ 8,000 crores to banks, with public sector lenders having significant exposure. The NCLT has now given 90 days to the Directorate General of Civil Aviation and the Civil Aviation Ministry to allot slots to the airline
Asked how many old employees Jet would be willing to take back, Mr. Chhawchharia cautioned that the carrier is unlikely to stary with a 120-aircraft crew from day one.
“As it picks up and adds more aircraft to its fleet, it will require trained manpower, it will require ground handlers and pilots and crew. So they will be adding people as they move along,” the resolution professional said.
“They want to start with 20 narrow-bodied and five wide-bodied aircraft. It may not all happen at a snap-on day one. But they may be able to bring in these aircraft in a short span…I think there is certainly hope for people who have stuck on and had faith in Jet Airways.”
Discussions are still on with the airports, the Aviation Ministry, and the DGCA over slots at airports and various domestic and international routes, he said. He, however, downplayed the importance of these factors saying as much as the airline needs them, airports, too, need aviation companies.
Latest News
Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe
The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.
Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.
An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.
Latest News
Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations
The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.
According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.
The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.
Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.
Latest News
Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election
The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.
Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.
Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.
As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.
-
India3 years ago
As the arrangement with Prashant Kishor falls through Rahul Gandhi has gone overseas again and is uncontactable
-
Fact Check4 years ago
Nidhi Razdan, fake Harvard professorship, and here is the explanation through her blog.
-
Latest News3 years ago
Tata wins Air India with ₹18,000 crore bid
-
Technology3 years ago
BSNL reveals all new 4G plans starting at ₹16
-
Latest News3 years ago
Government has spent ₹9,725 crores on Covid-19 vaccination drive so far
-
Latest News3 years ago
Jharkhand government cuts Petrol price by massive ₹25 a litre but with a catch
-
Navi Mumbai4 years ago
Navi Mumbai civic body raids and tests morning walkers, many found COVID positive
-
Latest News3 years ago
Raj Kundra Gave ₹25 Lakh Bribe to Mumbai Crime Branch to Avoid Arrest