Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
At present, six A320 Neo of IndiGo & GoAir are grounded waiting for engine replacement
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
The charges for security component of passenger service fees will not increase much and a passenger may have to bear an extra of Rs 50
Ikea not ready to open first India store yet, postpones launch to August 9. Around 45,000 visitors are expected at the store on the earlier launch day.
Airline to deploy around 50 planes in the next seven months
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
The low fares will come with a discernible sea-change in service quality and minus the luxury which comes as an essential part of any long-haul travel
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
The decision of the Telecom Commission to approve in-flight connectivity won't just bring cheer to the chat-friendly passengers, but even more to the telecom industry facing severe financial stress, says Nivedita Mookerji.
The IPL uses this system for players' auction.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.
What's the real reason behind ATMs running dry even in states that are not election-bound, wonders Nivedita Mookerji.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
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