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Jet Airways grounds 41 aircraft with four more planes

INDIA’S troubled airline, Jet Airways, said today (18) that it has grounded four more aircraft and would delay paying interest on maturing debt. 

With the grounding of four more planes on Monday (18), the number of grounded aircraft has reached 41, a third of its entire fleet. 


In a fresh sign of the worsening financial condition of the company, the airline added that it would delay paying interest to its debenture holder, due on March 19, owing to financial difficulties. 

The airline's founder, Naresh Goyal, earlier said his company was on a mission for a bailout plan, led by state-run lenders and Abu Dhabi’s Etihad Airways. 

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London tourist levy

The capital recorded 89 m overnight stays in 2024

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London to introduce tourist levy that could raise £240 million a year

Kumail Jaffer

Highlights

  • Government expected to give London powers to bring in a tourist levy on overnight stays.
  • GLA study says a £1 fee could raise £91m, a 5 per cent charge could generate £240m annually.
  • Research suggests London would not see a major fall in visitor numbers if levy introduced.
The mayor of London has welcomed reports that he will soon be allowed to introduce a tourist levy on overnight visitors, with new analysis outlining how a charge could work in the capital.
Early estimates suggest a London levy could raise as much as £240 m every year. The capital recorded 89 m overnight stays in 2024.

Chancellor Rachel Reeves is expected to give Sadiq Khan and other English city leaders the power to impose such a levy through the upcoming English Devolution and Community Empowerment Bill. London currently cannot set its own tourist tax, making England the only G7 nation where national government blocks local authorities from doing so.

A spokesperson for the mayor said City Hall supported the idea in principle, adding “The Mayor has been clear that a modest tourist levy, similar to other international cities, would boost our economy, deliver growth and help cement London’s reputation as a global tourism and business destination.”

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