Air India-Singapore Airport Terminal Services, the ground handling arm of the state-owned carrier, will hire 90 per cent of its workforce on contract to start operations at the new terminal of the Delhi airport, according to a senior Air India official. AISATS is a 50:50 profit sharing joint venture between AI and the Singapore-based company. The airline selected SATS as its partner in September 2008.
The consortium will use money from commercial development to pay off Rs 5,000-crore debt (Rs 50 billion).
Tourists who come from across the world to laze around in the balmy beaches of Goa will now have another attraction - it will have not one but two airports.
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
Seats being offered by LCCs in international routes up from 3% of the total last year to 10%.
Full-service carriers remain unfazed by the introduction of the business class segment by budget airlines.
An ATC officer's job requires 100 per cent concentration and a break after every one-and-a-half hours.
Low-cost air carrier SpiceJet is looking at ways to raise around $75 million (Rs 335 crore). The airline has given the mandate to IDFC-SSKI for raising funds through preferential allotment of shares and strategic sale. "IDFC-SSKI is working on it and the money will be raised through both preferential allotment of shares and strategic sale," said a Mumbai-based investment banker, who is associated in this deal.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
The time taken in land acquisition has been drastically brought down to 12 months from 24 months earlier.
Setting up business in China has never been easy, with the constraints such as language, vast differences in cultural experiences and a form of government radically different from most of the western and Latin American countries where Indian businesses have firmly established themselves.
National Aviation Company Ltd (Nacil), the entity formed by the merger of Air India and Indian Airlines, has failed to keep up to its promise -- it is yet to provide equal access to a large part of the 30,000 employees under its fold.
As a pre-requisite, the airline has taken the first step by appointing four independent directors to the state-owned company's expanded 13-member board. Stock exchange listing requirements mandate that one-third of a company's board must consist of independent directors.
The Planning Commission is likely to scale down the average growth rate for the eleventh plan period (2007-12) to 8 per cent from an earlier projection of 9 per cent.
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
The Airports Authority of India plans to privatise 15 out of 40 non-operational airports across the country on a public-private partnership basis to make them function again."Out of 40 non-operational airports, 15 have the potential to operate and we have planned to give the airports to private developers to operate it for a concession period," said a top AAI official, who did not wish to be identified.
After stiff resistance from its employees against a steep pay cut, National Aviation Company of India Ltd), which runs Air India, has come out with a fresh proposal to impose a 15-17 per cent cut on the total salary package.The total package includes basic salary, dearness allowance, house rent allowance and payments made under the productivity-linked incentive scheme . The cut, however, would not be applicable on 4000 employees.
India's share will only get bigger once SpiceJet enters the fray from June to fly south east Asia and south Asian countries.
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