Skip to content
Search AI Powered

Latest Stories

Jet Airways likely to resume operations in July

INDIA's Jet Airways can now resume commercial flights as the directorate general of civil aviation (DGCA) on Friday (20) granted Air Operator Certificate (AOC) to the grounded airline. 

A senior DGCA official said that the airline had been granted AOC, the final step in a comprehensive regulatory and compliance process involving several procedural checks for the airline’s operational readiness.


The airline said that it plans to recommence commercial operations in the next quarter of this year (July-September 2022).

The airline had on May 17 conducted the second and final set of two proving flights with 31 people on board, including DGCA officials.

Earlier, on May 15 the airlines had conducted the first set of three proving flights with 18 people on board, including DGCA officials. Proving flights on certain domestic routes is necessary to apply for AOC. A total of five landings have to be done by the aircraft to complete its proving flights.

"The airline has completed all requisite operations that require the grant of air operator certificate (AOC) by aviation regulator DGCA," said the official.

The grant of the AOC revalidates the confidence of the DGCA in the operational preparedness of Jet Airways, the statement said.

Jet Airways suspended operations in 2019 after its promoters failed to provide liquidity and the insolvency resolution process started for the airline in June 2019.

Earlier, the airline was owned by Naresh Goyal and had operated its last flight on April 17, 2019. The Jalan-Kalrock Consortium is currently the promoter of Jet Airways.

(Agencies)

More For You

india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less
Reeves and Chandra lead UK delegation at Davos

Varun Chandra

Reeves and Chandra lead UK delegation at Davos

CHANCELLOR Rachel Reeves will lead a group of ministers at the World Economic Forum (WEF) in Davos this month, as the government works to attract global investors and reassure British businesses.

Reeves, who has attended the event for the past two years in her role as shadow chancellor, will meet with key international investors, including sovereign wealth funds and private equity firms from the US, reported the Times. The government is looking to secure financial backing for its plans related to infrastructure and green energy.

Keep ReadingShow less
Nadella-Modi

Modi and Nadella discussed the company’s plans for growth, innovation, and upskilling in India. (Photo: X/@satyanadella)

Microsoft announces £2.4bn India investment after Nadella-Modi meeting

MICROSOFT on Tuesday (7) announced a £2.4 billion investment to expand its Azure cloud and artificial intelligence (AI) capacity in India over the next two years.

The announcement followed a meeting between Microsoft chairman and CEO Satya Nadella and Indian prime minister Narendra Modi on Monday (6), during which they discussed the company’s plans for growth, innovation, and upskilling in the country.

Keep ReadingShow less
indian-rupee-iStock

The RBI has been intervening in the forex market to manage volatility in the rupee. (Representational image: iStock)

India's forex reserves dip to eight-month low amid rupee weakness

INDIA's foreign exchange reserves have dropped for the fourth consecutive week, reaching an eight-month low of £516.26 billion as of December 27, according to data from the Reserve Bank of India (RBI) released on Friday.

The reserves fell by £3.31 bn during the reported week, following a cumulative decline of £11.05 bn over the preceding three weeks.

Keep ReadingShow less
UK EV sales hit record but miss targets

The battery of an electric car is recharged at a roadside charging station in London, England. (Photo by Leon Neal/Getty Images)

UK EV sales hit record but miss targets

THE UK car industry sold a record number of all-electric vehicles in 2024 but still fell short of the government's mandated targets, an industry trade body said Saturday (4).

Battery electric vehicles made up 19.6 per cent of new cars sold last year, said the Society of Motor Manufacturers and Traders, which was below the government's 22-per cent target for carmakers.

Keep ReadingShow less