Badr Mohammed Al Meer to take over as CEO of Qatar Airways
Akbar Al Baker, the CEO of Qatar Airways, is stepping down after leading the state-owned airline for over 20 years. The reason behind his retirement is not immediately clear. Badr al Meer will take over as CEO, and currently holds the position of chief operating officer of Hamad International Airport in Doha. Key Points
Economic TimesJalan Kalrock Consortium seeks more time to pay Rs 350 cr to Jet Airways’ lenders
The NCLAT has asked the Jalan Kalrock Consortium to file an application stating the conditions for seeking an extension to make payments to Committee of Creditors of bankrupt airline Jet Airways. The application filed by the State Bank of India, the primary lender, and others pertains to the transfer of ownership of the airline to JKC. Key Points
Economic TimesJet Airways Q1 FY24 results: Net loss narrows to Rs 50.65 cr from Rs 390 cr
The full-service carrier's revenue from operations was Rs 39.08 crore for the quarter under review. Jet Airways had posted a total revenue of Rs 13.10 crore in the same quarter last year Key Points
Business TodayDGCA 'renews' Jet Airways' air operator certificate
Cash-strapped Jet Airways stopped flying from April 17, 2019. The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023 Key Points
FirstpostJet Airways appoints two directors, CFO
Grounded Jet Airways on Thursday announced the appointment of two whole time directors and a non-executive director. Sundaram Ramesh has been appointed as a Whole Time Director and Chief Financial Officer, Gautam Acharya as a Whole Time Director and Rajesh Prasad as a Non-Executive Director, according to a regulatory filing. Key Points
Economic Times
Kalanithi Maran seeks over Rs 1,323 crore in damages from SpiceJet
Kalanithi Maran and KAL Airways are also seeking the execution of the arbitral award to secure a refund of Rs 353.50 crore in pending dues. Key Points
India TodayJet, set and go? DGCA renews airport operator certificate of Jet Airways
Jalan Kalrock Consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA). Jet had stopped operating in April 2019, burdened under piling losses, debt and dues. Key Points
Economic TimesInt’l airfares to stay high due to inflation: Doyle
British Airways CEO, Sean Doyle, predicts that international airfares will remain high due to increased fuel prices and the impact of inflation on operations. He also suggests that the benchmark for airfares should be reassessed and that competition among airlines will lead to more competitive pricing as the industry recovers from the pandemic. British Airways is operating at 92% of its pre-COVID capacity and is confident about passenger traffic growth by leveraging partnerships and one-stop services. Doyle emphasizes the need for airlines to be disciplined and run profitable businesses in order to recover financially from the pandemic. Key Points
mint“Are you cheating or following discriminatory/racist policies?”: Indian bureaucrat slams British Airways
An IAS officer, Bhide, criticized British Airways, alleging that she was downgraded from premium economy during check-in under the false claim of overbooking. Bhide raised concerns about the airline's practices on social media, questioning if they were engaged in cheating or discriminatory policies. Key Points
Economic TimesPassengers crown THESE airlines as the best in 2023. Check here
Singapore Airlines has been named the top airline of 2023, followed by Qatar Airways, in the latest survey of passengers by Skytrax World Airline Awards. Qatar Airways dominated several categories, including best business class airline, seat, and lounge. Key Points
mint
Jet Airways CEO-designate tweet comparing Dubai, India metro stations triggers aesthetics debate
"Bangalore, Gurgaon, Kolkata... why are our overground/ overhead metro stations such artless concrete eyesores? Take a look at Dubai (right) compared to Bangalore (left). And this Dubai station was probably built 10 years ago!," he said in the tweet on Saturday. Key Points
The Indian ExpressFlight attendant dies in front of passengers ahead of takeoff. What has happened?
The sudden death of a flight attendant at the time of take-off of a British Airways flight left many passengers shocked. Here's everything to know more. Key Points
Economic TimesIndia's Enforcement Directorate arrests Jet Airways founder Naresh Goyal, source says
India's financial crime fighting agency on Friday arrested Jet Airways (JET.NS) founder Naresh Goyal, an Enforcement Directorate source said, in a case local media said was related to an alleged 5.38 billion Indian rupees ($65.06 million) money laundering case linked to Canara Bank. Key Points
ReutersED registers fresh money laundering case against Naresh Goyal and others
The Enforcement Directorate (ED)on Wednesday has dealt a fresh blow to Naresh Goyal, the erstwhile promoter of Jet Airways and others by registering a fresh money laundering case. This move follows the Central Bureau of Investigation's (CBI) case, and it has led to ongoing raids at eight locations in Mumbai and Delhi. Key Points
Economic TimesCabin lighting and these dishes can help reduce jet lag in passengers travelling on long flights: Qantas Airways study
Qantas Airways researched ways to help passengers reduce jet lag on long flights. Passengers reported getting better sleep and feeling less jet-lagged. | Travel Key Points
Hindustan Times
Jet Airways founder Naresh Goyal writes to court to seek medical help, claims prison officer not looking into his concerns
Goyal, who was produced before the court through video conference, told the court that he was facing multiple medical issues. The court, under the Prevention of Money Laundering Act (PMLA), has reportedly sought a report from the Chief Medical Officer (CMO) of the Arthur Road prison in Mumbai on Goyal's complaint. Key Points
Business TodayAjay Singh's consortium raises offer for Go First by ₹100-150 crore, says report
The consortium, which includes budget carrier SpiceJet's managing director Ajay Singh and Busy Bee Airways, increased the bid amount between 1 billion rupees ($12.06 million) and 1.5 billion rupees, one of the sources said. Key Points
mintIn a first, over 10 foreign airlines questioned by DGGI over alleged tax evasion charges
The DGGI has questioned executives of at least ten prominent foreign airlines, including British Airways, Etihad, Thai Airways, and Qatar Airways, over allegations of tax evasion involving hundreds of crores of rupees. The DGGI has requested documentation covering all expenses incurred by these airlines for their operations in India, including aircraft leasing, crew and ground staff costs, fuel for the aircraft, and any additional maintenance or repair expenses. Key Points
Economic TimesED attaches assets worth Rs 538 cr of Jet founder Naresh Goyal, others in London, Dubai
The attached properties include 17 residential flats, bungalows, and commercial premises. The Enforcement Directorate (ED) on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. Key Points
The Tribune IndiaEnough material against Naresh Goyal, wife to show their complicity in bank fraud case: Court
Besides the Goyals, the central probe agency has named four companies --Jet Airways (India) Ltd (JIL), Jetair Pvt Ltd, Jet Enterprises Pvt Ltd and Jet Airways LLC, Dubai -- as accused in the case. M G Deshpande, the special judge hearing cases filed under the Prevention of Money Laundering Act (PMLA), took cognizance of the chargesheet on November 1, while a detailed order was made available on Friday. Key Points
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Indian authorities seize $65 mln of property in Jet Airways fraud case
India's financial crime agency has seized properties worth 5.38 billion rupees (nearly $65 million) as part of its probe into money laundering allegations against the now-defunct Jet Airways (JET.NS) and founder Naresh Goyal, the agency said on Wednesday. Key Points
ReutersJet Airways resolution: SC asks Jalan Kalrock Consortium to deposit Rs 150 cr before Jan 31
The Supreme Court has directed the Jalan-Kalrock consortium to deposit Rs 150 crore with the State Bank of India escrow account by January 31, 2024, or face non-compliance with the resolution plan for Jet Airways takeover. The PBG will continue until the National Company Law Tribunal decides. Key Points
Economic TimesSC asks new owners of Jet Airways how much they paid towards PF, gratuity dues of employees
The Supreme Court has raised questions regarding the payment of dues owed to former employees of Jet Airways by the Jalan-Kalrock consortium, the new owners of the financially troubled airline. During the hearing of various petitions, including one filed by the Jet Aircraft Maintenance Engineers Welfare Association, the apex court sought information on the amount paid towards provident fund and gratuity. Key Points
Economic TimesJet Airways CEO Sanjiv Kapoor quits
After the National Company Law Tribunal (NCLT) ruled the case in favour of JKC, it was given 180 days to make payments of Rs 180 crore to the erstwhile creditors of the airline and Rs 250 crore to former employees. While May 14 is the last date to make the payments, the consortium has made no payments so far. Key Points
Economic TimesProlonged cough and cold: Why is the flu season more severe this time?
Lots of people are complaining of bouts of cough which prolongs for days even after the flu settles. Expert share why this is happening. Key Points
India Today