The mergers will not involve any cash but only share swaps
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
With IndiGo executing its long haul low-cost plans the airline will certainly need a lot of cash going forward.
Entry of a higher number of technocrats, an appraisal system for civil servants and the benefits of changing the financial year may feature in the PM's fourth speech.
'Look at Mr Modi. He is a part of this new middle class.' 'India has never before seen this kind of social mobility, certainly not since medieval times.' 'As a result, India's entrenched elite, which is a class of people with a strong sense of entitlement, is being tamed,' Sanjeev Sanyal tells Shyamal Majumdar and Arup Roychoudhury.
The Delhi-based airline currently has 13 Airbus A320 aircraft in the fleet and it plans to take another seven (A320 Neo) planes by June 2018.
At present, laws on wages do not cover workers getting a monthly wage of more than Rs 18,000
The government is also planning to replace the current ageing Air India One or Boeing 747 with Boeing 777s. Arup Roychoudhury and Archis Mohan report.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Phee Teik Yeoh, who has returned to the SIA HQ in Singapore worked hard to make Vistara the airline of choice. New CEO Leslie Thng would have the job of cutting losses while going international.
Engine snag forces IndiGo to ground 7 new aircraft
Centre might move swiftly on its next round of strategic sales in CPSEs
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
Bank, bankruptcy reforms, Nabard Bill amendment on agenda.
Slots, parking bays unavailable at major airports
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings
Boeing has pitched its FA-18 aircraft, while Dassault is building case for its Rafale jet.
This is part of the initiatives that the ministry is undertaking to use technology in order to make airport check-in seamless and formation of a no-fly list.
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