Page 27 - Aviation Industry

Settle issues with creditor Celestial Aviation Services: NCLT asks SpiceJet

The National Company Law Tribunal (NCLT) on Tuesday suggested that SpiceJet settle the issues with lessors that have sought initiation of insolvency proceedings against it. The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors. On Tuesday, the NCLT was hearing a plea filed by Celestial Aviation Services Ltd, an operational creditor that had filed a plea to initiate insolvency proceedings against the airline. A two-member NCLT bench observed that the airline is settling with some of aeroplane lessors by converting debt into equity. "SpiceJet seems to be settling with other lessors by giving shares, Why don't you settle with these lessors as well?," the bench, comprising M M Khandelwal and Rahul Prasad Bhatnagar, said. This was in reference to Celestial Aviation Services and four other lessors who have filed pleas against the airline. Further, the bench said that in its opinion, it is in its best intere

India offers 'tremendous possibilities' for aerospace players, says Scindia

Highlighting the growth potential of India's aviation sector, Union minister Jyotiraditya Scindia on Friday said now is the time for aerospace players to look at leveraging the opportunities in the country. Amid the global aviation segment facing headwinds of geopolitical issues and supply chain woes, the civil aviation minister also said India is the "promised land" that can help offset the risks. The minister was speaking at the International Aerospace Conference on the theme 'Moving Towards Inclusive Global Value Chain' in Gwalior, which is also his home constituency. The country is one of the fastest aviation markets in the world, Scindia said adding that the number of air passengers is expected to reach 42.5 crore by 2035 from the current level of 14.5 crore. "India has tremendous capabilities, possibilities for all of you (aerospace players)... Time has come for all of you to think afresh," he emphasised. "Now, it is time for aerospace industry players to supplant themselves

Bargain flight prices disappear as airline industry transforms into duopoly

The higher prices come at a time when two domestic carriers - IndiGo and Air India Ltd. - are set to control the bulk of one of the world's fastest-growing aviation markets

JKC gets time till Sept-end to pay Jet Airways lenders Rs 350 crore dues

The date for the payment was earlier set for 31 August, but JKC had sought an extension

Pilot's death brings focus back on industry norms to handle fatigue

Rules in 2019 allowed pilot to fly commercial passenger flights for two consecutive nights

Jet Airways revival: Lenders likely to give JKC an extension to pay dues

On Monday, however, the lenders argued that the Performance Bank Guarantee of Rs 150 crore is a backup and cannot be invoked at this stage

DGCA renews air operator certificate of cash-strapped Jet Airways

The airline had stopped flying on April 17, 2019, and its AOC expired over two months ago on May 19 this year

Lenders impeding Jet Airways revival: Jalan Kalrock Consortium to NCLAT

JKC also raised concerns that the slots allocated to it to begin operations would be reassigned to others if it did not commence flights soon

Global aviation will need 2.3 mn new personnel in 20 years: Boeing study

Commercial aircraft fleets will double in 20 years, says US plane manufacturer in forecast

Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter

Singh and his family own 46.95 per cent stake in the airline as on March 31, 2023

Godrej Aerospace in talks to build aircraft parts for Airbus, Boeing

The company expects its civil aviation business to clock revenues of Rs 100 crore in the current fiscal year, making up 35 per cent of Godrej's total revenues

Respect ruling: P&W on court order asking it to send 5 engines to Go First

Pratt & Whitney on Thursday said it respects the Interim Arbitration ruling of a Singapore court, directing the US-based engine maker to send five engines every month to Go First airlines between August and December, adding that it will comply with the same.The official spokesperson for Pratt & Whitney said, "We look forward to vigorously defending ourselves during the merits proceedings where the business and legal issues will be determined and resolved."The ruling by the Singapore court came brought some respite to the carrier, which found itself in a bankruptcy court after a fiscal slump and funds crunch.The Singapore court issued a seven-point order to the US-based engine."The respondent must take all reasonable steps to release and dispatch to the Claimant, without delay as they become available, five Engines per month immediately after any Engine becomes available and commencing, at the latest, on 1 August 2023 and continuing through 31 December 2023, subject to ...

Go First extends cancellation of its scheduled flights till July 10

The airline, which is undergoing an insolvency resolution process, stopped flying on May 3 and since then, it has extended the cancellation of flights multiple times

Strictly follow rules, prevent unauthorised cockpit entry: DGCA to airlines

Aviation regulator DGCA on Friday asked airlines to strictly follow rules as well as sensitise pilots and cabin crew to prevent incidents of unauthorised entry of people into the cockpit. The move from the Directorate General of Civil Aviation (DGCA) comes against the backdrop of recent incidents where unauthorised people were allowed inside the cockpit during scheduled flights. In an advisory, DGCA has asked the heads of operations of all scheduled airlines to "prevent any unauthorised entry in the cockpit through appropriate means". Any non-compliance with the applicable regulation, dealing with unauthorised cockpit entry, shall be dealt with strictly and may also invite stringent enforcement action, it said.

DGCA to conduct special audit of crisis-hit Go First facilities on July 4-6

Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for the resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. The senior official at DGCA on Friday said that after a preliminary review of the resumption plan submitted by the Resolution Professional (RP) for Go First on June 28, the regulator has planned to conduct a special audit. The audit of the facilities of the airline in Delhi and Mumbai will be conducted from July 4 to 6. "The special audit to be conducted from July 4 to 6 shall be focused on the safety-related aspects and continued compliance of the requirements to hold an Air Operator Certificate, as well as on physical verification of the arrangements made for the resumption of flight operations," the official said.

Go First extends cancellation of its scheduled flights till July 6

Cash-strapped Go First on Thursday announced extending the cancellation of its scheduled flights till July 6. The airline, which is undergoing insolvency resolution process, stopped flying from May 3 and since then, it has extended cancellation of flights multiple times. On Wednesday, senior representatives of the current management of Go First discussed various aspects of the revival plan with officials of the Directorate General of Civil Aviation (DGCA). "... due to operational reasons, Go First flights scheduled till 6th July 2023 have been cancelled," the budget carrier said in a tweet. The company has filed an application for immediate resolution and revival of operations. "We will be able to resume bookings shortly," the airline said. Sources on Wednesday said DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations. The revival process gathered

Pee-gate saga continues: Inebriated man caught urinating on flight

A cook working in Africa was apprehended after urinating, defecating and spitting in an Air India flight, continuing a series of similar misconducts on flights

Repeated cockpit incidents show pilots are not learning: Air India CEO

Airline expects employees to rules, 'keep elevating game': Campbell Wilson

Record plane orders by Air India, IndiGo raise stakes in aviation boom

With a total of almost 1,000 jet orders between them, IndiGo and Air India are betting an economic boom and growing middle class will spur demand for domestic air travel

Aircraft mega-deals prompt bubble warning from aviation industry veterans

The 500-jet Airbus purchase unveiled by IndiGo extends the backlog at India's largest carrier to about 1,000 undelivered aircraft