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Ace Aviation acquires aircraft from market as Jet Airways deal faces delay

Koish said that procuring another aircraft from the market was 'smooth', demonstrating how efficiently such acquisitions can proceed when all parties cooperate

Mint

Jet Airways' winning bidder JKC tells Supreme Court lenders want to sell airline's assets as scrap to maximise profits

JKC claimed lenders led by State Bank of India are intentionally pushing the company towards liquidation to maximise profits by selling the airline's assets as scrap.

Mint

Mint Explainer: SC continues to hear Jet Airways ownership dispute – What’s at stake

The Supreme Court’s decision could determine whether Jet Airways gets revived or heads for liquidation.

Mint

Jet Airways lenders tell Supreme Court winning consortium hasn’t met any of the takeover terms

The lenders told the Supreme Court that the Jalan-Kalrock Consortium hadn’t paid a ₹350 crore deposit that’s critical for transferring the ownership of the bankrupt airline

The Economic Times

Medikabazaar appoints Dinesh Lodha as new CEO amid leadership changes

Dinesh Lodha comes in place of Vivek Tiwari, the company’s cofounder who stepped down from the CEO’s position in the backdrop of the company facing allegations of financial discrepancies. Medikabazaar, last valued at $650 million, had appointed former Jet Airways CFO Ravishankar Gopalakrishnan as group chief operating officer and whole-time director in April.

Mint

Boeing deliveries will taper off by year-end. What happens to Akasa and AI Express?

While Air India Express may receive 27 more aircraft this year and has given no outlook for next year, Akasa Air is inducting fewer than the planned 12-14 aircraft per year. With Jet Airways and GoFirst bankrupt, and SpiceJet and IndiGo grounding planes, airfares may rise in 2025