The Indian government is likely to start distributing
foreign flying rights of Jet Airways among other carriers towards the end of
next week if the airline does not find new owners quickly.
“We plan to award the rights to airlines which have put in requests,” an
Economic Times report quoted an aviation ministry official who requested for anonymity.
“The demands are primarily for destinations such as Singapore, Thailand and the
Middle East,” he added.
The move is bad news for prospective Jet bidders who are banking on the
stricken airline’s ability to retain lucrative flying rights and slots at
airports.
The official added that they had a meeting with airlines on the issue and have
been assured that the carriers will return the routes allocated to them when
demanded by the government and Jet Airways.
“We would have liked to award these routes to other carriers
as early as possible but we have decided to wait till Jet Airways finds a
buyer, as we got requests from various quarters to not award these rights right
now,” the report quoted the official.
Employees and banks have written to the government to protect the interests of Jet Airways till the time a winner is chosen. Jet received initial interests from Etihad, TPG and NIIF but none of them have initiated the process further to bid for the airline, an earlier Economic Times report stated.
ZeroAvia and KLM Royal Dutch Airlines will work towards a demonstration flight using ZeroAvia’s ZA2000 zero-emission, hydrogen-electric engines for large…
Pratt & Whitney has received more than 950 GTF engine orders and commitments since the beginning of the year. Airlines…
Triumph's Thermal Systems Division has been awarded a long-term-program contract to design, manufacture and support the precooler system for the…
Pratt & Whitney and OGMA Indústria Aeronáutica de Portugal , an Embraer company, have announced the induction of the first…
Abra Group has signed a Memorandum of Understanding (MoU) for five A350-900 aircraft, aiming to expand its international long-haul operations…
Saudi Arabia’s low-cost carrier flynas has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and…
Thai Airways International Public Company Limited (THAI) has signed a six-year agreement with GE Aerospace to extend their TrueChoice Service…
AirAsia Aviation Group and AirAsia X, two of Asia’s largest low-cost carrier groups, have strengthened partnerships with SITA, adopting SITA…
AAR, a provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into several long-term distribution…
J&C Aero, an EASA-certified international cabin interior hub, has successfully completed a full cabin modernisation of a Boeing 757-200, equipping…
Hours after it signed a contract with Australian company Wilbur Air, Spanish electric aircraft manufacturer Crisalion Mobility announced that it…
In a significant milestone for the D328eco programme, German OEM Deutsche Aircraft has commenced the construction of the first test…
Triumph Group, Inc. has announced that its Thermal Systems Division in Forest, Ohio, has been awarded a long-term contract to…
British cargo airline, One Air, has marked its first year of operations by connecting 28 global airports and transporting over…
Liebherr-Aerospace and AAR have announced the signing of a General Terms Agreement (GTA). Under this agreement, Liebherr will grant licence…
EirTrade Aviation, the global aviation asset management and trading company, has begun disassembling its first B777-300ER in Knock, Ireland. The…
JEKTA Switzerland, the developer of the zero-emissions PHA-ZE 100 amphibious aircraft, has signed an agreement with Seaplane Asia to add…
Embraer announced a significant development for Brazilian air traffic during the Farnborough International Airshow. Atech, an Embraer Group company specialising…
Boeing and Ryanair, Europe’s largest airline group, are set to enhance the efficiency of Ryanair’s primarily 737 fleet by incorporating…
Specialist regional aircraft lessor TrueNoord has secured a new five-year term loan with BayernLB. This agreement strengthens TrueNoord’s relationship with…
LanzaJet, a sustainable fuels technology company, has received a strategic investment from Airbus to help expand LanzaJet’s ethanol-to-sustainable aviation fuel…
Supernal and Sigma Air Mobility have announced a joint effort to identify and develop targeted markets for future AAM infrastructure…
Ahmet Akyol,President & CEO of Turkish defence major Aselsan, is on a mission – to ensure that the company that…
Embraer's Commercial Market Outlook 2024, published on the second day of the ongoing Show, estimates 10,500 orders for new jets…
Berniq Airways, a newly established Libyan airline offering domestic and international flight services, has announced a firm order for six…
Eve Air Mobility (Eve), a provider of electric vertical take-off and landing aircraft (eVTOLs), and Siemens Smart Infrastructure, a leader…
Boeing and Macquarie AirFinance have announced Macquarie's first direct order for Boeing aircraft, with the purchase of 20 737-8s. This…
Airborne Technologies and Smith Myers have announced a new integration contract to equip a De Havilland Twin Otter aircraft with…
Avolon has announced orders for 310 new engines to power 155 Airbus A320neo family aircraft in its order book. Avolon…
Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc., and Qantas Airways…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.