Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
The agreement between the two has a long stop date clause, stipulating that all approvals be secured by then.
In his order last week, Civil Aviation Secretary K N Srivastava ruled the meanings of transaction fee, commission or convenience fee were the same -- payment of remuneration to an intermediary.
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
The Land Acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive for large infrastructure or real estate projects.
Tata-SIA will kick off with full-service domestic operations.
AirAsia says deal not violative of shareholder agreement.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
Changes being driven by Etihad, says a source, after a V-P quits
Sources aware of the development said as part of the project, the airline had signed an agreement with Reliance Industries Ltd, which would extend quality control services at its coastal terminals for ATF imported by the airline.
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.
Jet Airways is imposing $50 surcharge on economy class fare on its Gulf flights.
Liability goes up by Rs 1,000 cr for every Rs 1 change in $ exchange rate
This could mean an end to the talks for a possible partnership between the two firms in the multi-brand retail space -- less than a year after 51 per cent foreign investment was allowed in the sector.
Known for its flamboyant and trendy image, Virgin Atlantic is a minnow among airlines due to a small fleet and limited network.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Infighting among pilots might impact Air India's 787 flights
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
RIL, Essar, Adani have sounded bankers to raise funds abroad in the coming weeks
