FAA proposes draft B-737 Max Training only for US carriers & registered aircraft only

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The FAA has released a flight standardisation boardreport relating to B-737 Max pilot training. Soon after, an addendum was issued too. While FAA has clearly stated that the training required in the FSB is mandated for US air carriers & US registered aircrafts, other aviation authorities must take their own action for the return of the B-737 Max.Question, will the Indian regulator follow a systematic process of change management and not be rushed into the re-entry process? Will the FSB report adopted in toto and will the regulators draft training requirements be put out for public comments?
The key highlights are quoted below from the FAA website as of 7th Oct 2020:While this is an important step, several key milestones remain:Final Design Documentation and Technical Advisory Board (TAB) Report – The FAA will review Boeing’s final design documentation to evaluate compliance with all FAA regulations. The multi-agency TAB will also review the final Boeing submission and issue a f…

Jet Airways acquires 6 B-777, pays $13,000,000

Troubled Jet Airways' B777

Jet Airways has paid $13,000,000 and bought 6 Boeing aircraft with engines. The company has informed the BSE in June submitting the following letter.

Sub: Intimation of completion of certain obligations by Jet Airways (India) Limited under subsisting financial leases | Disclosure under Regulation 30(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

1. This disclosure is being made pursuant to Regulation 30(1), read with Paragraph A(16)(l) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 issued by the Securities and Exchange Board of India and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

2. On June 27, 2020, Jet Airways (India) Limited (“Company”) notified the exchanges that the Company proposes to sell its property situated at Plot No. C- 68, G-Block, Bandra-Kurla Complex, C.T.S. No. 4207 of Village Kole Kalyan, Taluka Andheri, Mumbai Suburban District and apply the proceeds of the sale in
terms of the order passed by the Hon’ble National Company Law Tribunal, New Delhi, dated June 11, 2020 in Interlocutory Application No. 998 of 2020 in CP No. 2205 of 2019 ("NCLT Order"). One of the end-uses contemplated by the NCLT Order is that the Company would exercise its buyout option under six different aircraft leasing arrangements, originally entered into in the year 2007, such that the Company would make a bullet payment of USD 13,000,000 to the parties holding an interest in the six aircraft and in turn acquire ownership over the aircrafts.

3. I wish to inform you that pursuant to the NCLT Order, and in exercise of its buyout option, the Company has made payment of USD 13,000,000 to the lessors of the six aircraft being [Fleet Ireland Aircraft Lease 2007-B DAC, Fleet Ireland Aircraft Lease 2007-B1 DAC and Fleet Ireland Aircraft Lease 2007-B2 DAC], for payment to the relevant parties holding an interest in the six aircraft, to acquire ownership over six Boeing aircrafts [and engines]

4. The transaction has not impacted the shareholding pattern of the Company in any manner.
This is for your information and record.
Sincerely,
SD/-
Resolution Professional for
Jet Airways (India) Limited

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