Skip to content
Search

Latest Stories

Jet Airways may strike $5.5-billion deal with Airbus as the airline plans to resume service by late 2022

Two other aerospace companies are also in the race to win aircraft orders and a final decision is yet to be taken

Jet Airways may strike $5.5-billion deal with Airbus as the airline plans to resume service by late 2022

Jet Airways is likely to strike a $5.5-billion deal with planemaker Airbus SE to buy aircraft as the Indian aviation firm has continued its transformation efforts after going through bankruptcy.

The airline and the European aerospace company are negotiating A320neo jets and A220 planes, Bloomberg reported citing sources privy to the talks.

While America’s Boeing Co. and Brazil’s Embraer SA are also in the race to win aircraft orders from Jet, Airbus is the frontrunner, the report said, adding that no final decision has been taken.

Jet said it has not finalised any deal as it is considering “all possibilities”.

“We are in final negotiations with lessors and OEMs (original equipment makers) for aircraft, and we will announce our aircraft choice and fleet plan once we have made a decision… We are studying all possibilities to find the one that works best for us," a Jet representative told Bloomberg.

Before it was referred to bankruptcy, Jet Airways flew to more than 65 destinations in India and abroad, including Europe, the Middle East, Southeast Asia, and North America. Operating 124 aircraft during its heydays, Jet was one of the largest airlines in India, with a 21.2 per cent passenger market share in February 2016, before suspending operations three years later due to financial headwinds.

It underwent a corporate insolvency resolution process where the Jalan-Kalrock Consortium emerged as the successful resolution applicant.

The air operator certificate of the once-defunct company was revalidated in May this year, allowing the airline to recommence commercial operations.

Under the new management, Jet Airways hopes to restart its operations later this year. It said aircraft and fleet plans will be unveiled in a phased manner.

“Well-capitalised and led by seasoned industry professionals, Jet Airways in its new avatar will be India’s most people-focused and customer-friendly airline, updated for the digital age”, it said.

More For You

ve-day-getty

VE Day 80 street parties, picnics and community get togethers are being encouraged to take place across the country as part of the Great British Food Festival. (Photo: Getty Images)

Public invited to attend VE Day 80 procession and flypast

THE 80th anniversary of Victory in Europe (VE) Day will be marked with a military procession in London on May 5.

The event will include over 1,300 members of the Armed Forces, youth groups, and uniformed services marching from Parliament Square to Buckingham Palace.

Keep ReadingShow less
Knife crimes

Knife-enabled crimes include cases where a blade or sharp instrument was used to injure or threaten, including where the weapon was not actually seen.

Getty Images/iStockphoto

Knife crime in London accounts for a third of national total: ONS

KNIFE-RELATED crime in London made up almost a third of all such offences recorded in England and Wales in 2024, with the Metropolitan Police logging 16,789 incidents, according to figures released by the Office for National Statistics (ONS) on Thursday.

This amounts to one offence every 30 minutes in the capital and represents 31 per cent of the 54,587 knife-enabled crimes reported across England and Wales last year. The total number marks a two per cent rise from 53,413 offences in 2023.

Keep ReadingShow less
Starmer and Modi

Starmer and Modi shake hands during a bilateral meeting in the sidelines of the G20 summit at the Museum of Modern Art in Rio de Janeiro, Brazil Brazil, on November 18, 2024.

Getty Images

Starmer calls Modi over Kashmir attack; expresses condolences

PRIME MINISER Keir Starmer spoke to Indian prime minister Narendra Modi on Friday morning following the deadly attack in Kashmir’s Pahalgam region that killed 26 people on Tuesday.

According to a readout from 10 Downing Street, Starmer said he was horrified by the devastating terrorist attack and expressed deep condolences on behalf of the British people to those affected, their loved ones, and the people of India. The two leaders agreed to stay in touch.

Keep ReadingShow less
 Post Office Horizon

A Post Office van parked outside the venue for the Post Office Horizon IT inquiry at Aldwych House on January 11, 2024 in London, England. (Photo: Getty Images)

Getty Images

Post Office spent £600m to keep Horizon despite plans to replace it: Report

THE POST OFFICE has spent more than £600 million of public funds to continue using the Horizon IT system, according to a news report.

Despite deciding over a decade ago to move away from the software, the original 1999 contract with Fujitsu prevented the Post Office from doing so, as it did not own the core software code, a BBC investigation shows.

Keep ReadingShow less
Pahalgam attack: Prayer meet held at Indian mission in London

The prayer meet was led by Indian High Commissioner to the UK Vikram Doraiswami

Pahalgam attack: Prayer meet held at Indian mission in London

Mahesh Liloriya

A PRAYER meet was held at the Gandhi Hall in the High Commission of India in London on Thursday (24) to pay respects to the victims of the Pahalgam terrorist attack.

Chants of ‘Bharat Mata Ki Jai’ rang out at the event which was led by Indian High Commissioner to the UK Vikram Doraiswami.

Keep ReadingShow less