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News & Recos

• Intimation Of The Fifth Meeting Of Committee Of Creditors(COC) Of Jet Airways (India) Limited
  Pursuant to Regulation 30 (2) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Para A of Part A of Schedule III of LODR, we wish to inform that the Fifth Meeting of Committee of Creditors (CoC) of Jet Airways (India) Limited is scheduled to be held on November 19, 2019 at 02: 30 P.M. IST, for which notice to the members of the CoC has been sent on November 15, 2019.
• Jet Airways plunged into deeper financial crisis, debts mount over Rs 14K cr
  The grounded carrier plunged into a deeper financial crisis as the resolution professional (RP), appointed by the bankruptcy court in June, accepted additional claims worth over Rs 500 crore taking its current debt to over Rs 14,000 crore.
• IndiGo run by board; if there’s anyone I talk to, it’s Chairman: Ronojoy Dutta
  Ronojoy Dutta said the management is insulated from the promoters & is professionally run by the board.
• Ministry orders NIA probe into a hoax call to DIAL
  This will be the second case to be investigated by the NIA under the newly amended Anti- hijacking act. A businessman from Mumbai, Birju Salla, was convicted with life imprisonment early this year under the new provisions of the Act.
• Jet Privilege goes for brand revamp; to be known as 'InterMiles'
  Carved out as a separate entity from the now-grounded Jet Airways more than five years ago, JPPL has close to 10 million members. JPPL, part of Etihad Aviation Group which holds 50.1 per cent stake, said it offers the members the opportunity to earn and redeem 'InterMiles' across more than 10 categories and over 150 programme partners.

• India's air traffic growth has 'slowed significantly' in 2019, was 1.6 per cent in Sept: IATA
  "Growth in domestic India RPKs (revenue passenger kilometres) eased to 1.6 per cent year-on-year, from 4.5 per cent observed in August," said a press release of the International Air Transport Association (IATA). In comparison, Chinese passenger traffic grew by 8.9 per cent and 9.8 per cent in September and August, respectively, as per the IATA.
• Thomas Cook India posts Q2 profit of Rs 4.26 crore
  Total income from operations stood at Rs 1,747.59 crore as compared to Rs 1,611.15 crore in the corresponding period of last fiscal, it added.
• Working to get 737 Max back in air, says Boeing
  “Boeing has tested over 800 test flights (on B737Max) and is working on improving the training process involving B737Max. We are working closely with regulators round the world to bring the aircraft back to service,” said Darren Hulst, director (product, forecast and current market), Boeing Commercial Aircraft.
• Will ask my team to look at bidding for Air India: Tata Group chief
  The Tata Group may consider bidding for Air India, an airline it once owned, whenever the govt finalises its sale. “Ideally, it is a Vistara decision. It is not a Tata Sons decision. I will ask the team to evaluate it," said the Tata group chief N Chandrasekaran. Acquisition of Air India would help the Tatas scale their aviation business.
• Vistara to deploy new A320neo planes with enhanced features on its India-Singapore route from Nov 24
  ​Vistara has been operating daily flights on the Delhi-Singapore and the Mumbai-Singapore routes since August 6 and August 7 respectively, using Boeing 737-800NG planes that were leased post the shutdown of Jet Airways in April this year. These planes can carry extra fuel and can fly one hour extra as compared to old A320neo planes.

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