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Jet Airways 2.0 to take flight in early 2022

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Jet Airways is resuming flight operations, with its maiden trip from Delhi to Mumbai scheduled for Q1 2022. The process of resurrecting the grounded airline is proceeding as planned, with the existing Air Operator Certificate (AOC) being revalidated. On slot distribution, required airport infrastructure, and night parking, the Consortium is collaborating closely with the relevant authorities and airport coordinators.

Last month, the Jet 2.0 Operations Team, led by Accountable Manager and Acting CEO Captain Sudhir Gaur, visited important airports in Malaysia and held constructive talks with pilots, ground employees, and passengers.

NCLT approval

Jet Airways 2.0 plans to resume domestic flights in Q1-2022, as well as short-haul international flights in Q3/Q4 2022. “We received the NCLT permission in June 2021, and since then we have been working closely with all concerned authorities,” said Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and proposed Non-Executive Chairman of Jet Airways. 

Plans to have over 50 aircraft

“It is the first time in aviation history that an airline that has been grounded for more than two years is being restored, and we are excited to be a part of this historic adventure,” says Captain Gaur. The consortium’s objective is to have 50+ aircraft in three years and 100+ in five years, which aligns nicely with the Consortium’s short and long-term commercial plans.

Jet Airways’ comeback

Jet Airways’ headquarters will now be in the Delhi NCR region, with senior management based in Gurugram. The airline’s ‘Global One’ office in Kurla will remain a strong and substantial presence in Mumbai. Jet Airways also has a state-of-the-art training centre at Global One, which will be kept and used for the Jet Airways team’s in-house training.

More than 150 people hired

Jet Airways has already hired 150+ full-time employees and plans to hire another 1,000+ personnel across all categories in FY 2021-22. To satisfy the airline’s operational objectives, the hiring will be phased in and based solely on merit. 

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Facebook to rebrand the company ‘Metaverse’

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Facebook is the world’s largest, and arguably most influential, social media platform, with more than 2.8 billion monthly active users and a net worth as of now of $1 trillion.

It’s safe to say that the majority of our lives rely on Facebook. Recently, Facebook, the parent company of Instagram and WhatsApp, hit the headlines when it went dark for six hours, causing havoc all over the world.

According to a report by The Verge, Facebook is planning to rebrand the company with a new name to focus on building the metaverse. Metaverse, as the term suggests, is a virtual-reality space in which users can interact with a computer-generated environment and other users.

According to the report, CEO Mark Zuckerberg will reveal the company’s new name on October 28 at the annual Connect conference, but it could be announced sooner.

Facebook, which aspires to be renowned for more than just social networking, revealed on Sunday that it will hire 10,000 people in Europe over the next five years to help construct the metaverse, which the corporation regards as critical to its long-term success.

In July, Zuckerberg said that Facebook’s future lies in the virtual metaverse, in which users will live, work and play inside.

Facebook already has more than 10,000 employees who build consumer hardware like AR glasses that Zuckerberg believes will be as ubiquitous as smartphones.

The company wants to be known as much more than a “social media” company, and is promising to change the way humanity interacts.

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One to lookout for: Rakesh Jhunjhunwala invests in a furniture startup!

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Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffett, is an ace investor with a track record of successful investing. Many treat him as a bellwether, and look to him for guidance and inspiration when it comes to navigating the vagaries of the investing landscape. And so, it would be of interest to investors to know that India’s Big Bull has out his money where his mouth is and invested in a furniture-based startup, Arrivae.

What is Aarivae?

Founded in 2017, Arrivae is a customized full home interior solution provider that enables customers to get the house customers want. From designing the finest homes by some of the finest architects and interior designers to material supplied by some of the most credible vendors. It specializes in providing practical solutions for various situations. Arrivae works in four simple steps; meeting the designer, designs made for customers, intelligent manufacturing and lastly concierge services.

Arrivae raised Rs 50 crore in its first round of external funding, backed by ace investor Rakesh Jhunjhunwala. Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), and Ramesh S. Damani (Chairman, DMart) all participated in the fundraising round.

“At Arrivae, we’re still in the early phases of our plan to build India’s most comprehensive home renovation ecosystem. Partnerships are important to us at Arrivae because they help us build brand confidence in the ecosystem, especially among customers.” said founder Yash Kela.

Kela rounded things off by saying, “All the veterans who have participated in this round will enable more faith in the Arrivae brand.”

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The right pricing will be crucial for the launch of Zydus Cadila’s vaccine.

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The destiny of Zydus Cadila’s Covid vaccine is in doubt, as the vaccine’s price appears to be delaying its introduction into the vaccination program. The business has received emergency use authorization from the FDA to inject its Covid vaccine, ZyCoV-D, to children aged 12 to 18.

Zydus Cadila, located in Ahmedabad, has imported the pharmaJet, a needle-free applicator for painless intradermal vaccine delivery. 

Each jet is responsible for delivering a specific amount of vaccination. 

As a result, a single dose is split into two shots, one for each arm. “It’s an expensive device and hence jacks up the overall price,” a government official said.

Around 20,000 dosages can be administered with the jet injector.

The government has been purchasing Covaxin at 225 per dosage and Covishield, another Covid vaccine developed in India, at 215 per dose.

The price of the Zydus Cadila vaccine, according to Health Secretary Rajesh Bhushan, will be significantly more than that of existing vaccines.

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