TBM Staff - Mumbai
The Supreme Court of India ruled on Thursday that Jet Airways' assets will be liquidated, invoking its extraordinary powers under Article 142. The decision overturned a previous ruling by the National Company Law Appellate
TBM Staff - Mumbai
SpiceJet has faced an insolvency plea from engine lessor ELF, citing the airline's default on lease payments since April 2021. Initially, SpiceJet raised technical objections to ELF's plea, but the tribunal allowed ELF to
TBM Staff - Mumbai
Engine Lease Finance Files Insolvency Plea Against SpiceJet Over Unpaid Debt Engine Lease Finance BV (ELF), a leading aircraft engine lessor of SpiceJet, has filed an insolvency petition before the National Company Law Tribunal
TBM Staff - Mumbai
In a recent development, lenders to Jet Airways have requested the Jalan-Kalrock Consortium (JKC), the consortium leading the revival efforts for the grounded carrier, to present the crucial Air Operator Certificate (AOC) in the upcoming
TBM Staff - Mumbai
The Jalan Kalrock Consortium (JKC) has confirmed payment of an additional INR 1 billion (USD12 million) in its bid to take over Jet Airways (JAI, Mumbai International). This completes, it said, its payment obligations as
TBM Staff - Mumbai
The National Company Law Appellate Tribunal (NCLAT) yesterday granted permission to Ireland-based lessor Jackson Square Aviation Ltd to inspect its aircraft leased to cash-strapped Go First. This decision follows a similar observation made in the
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