Aerospace Diary

By Yash Patel Sept 22, 2013 Breakdown of the $900mn investment $380mn           –          24% Stake in Jet Airways (India) Ltd. $150mn           –          Investment up to the tune of 49% stake in Jet Privilege Pvt. Ltd.                                       (A wholly owned subsidiary of Jet Airways (India) Ltd.) $70mn             –          Sale and Lease Back of London Heathrow (LHR) Slots $300mn           –          Further com...

Neelam Mathews Jan 15, 2012   The hearing of (erstwhile) Air India engineers that filed a petition 3 months back against the hiving of the engineering subsidiary and Indian Airlines engineers that filed the petition one month back (clubbed together by the Bombay High Court) will be held on Jan 16, AerospaceDiary learns. Air India management in response to the case filed by its union wrote to the court  -AerospaceDiary has viewed the contents- says: “it is permissible by law for Air India to hive off its MRO business and in any view of the matter the same cannot be the subject matter of judicial review under Article 226 of the Constitution of India…..Further, it is a settled position in law that even if some persons are at disadvantage and suffer losses on account of formulation and implementation of government policy, that is not sufficient for interference by the Court.” It goes on to say: “The survival of Air India is at stake….” There are some concerns over job...