All stories by Manoj Rammohan
Vistara to add 10 planes, 1,000 people this fiscalRediff.com8 Jun 2023
Full service carrier Vistara expects to add a total of 10 planes as well as hire more than 1,000 people in the current financial year and has shelved plans to fly to the US, according to a top executive. Currently, Vistara, which is set to be merged with Air India, has a fleet of 61 aircraft and a staff strength of over 5,200. During an interaction in Istanbul this week, Vistara CEO Vinod Kannan said there has been a ready pool of talent, especially pilots and cabin crew members, with the collapse of Go First.
Airline industry to post $9.8 bn net profit this year: IATARediff.com5 Jun 2023
Fuelled by rising passenger traffic and reviving local economies, the global airline industry is projected to record a net profit of $9.8 billion this year, IATA Director General Willie Walsh said on Monday and also made a strong pitch for having global standards for a Sustainable Aviation Fuel (SAF) book and claim system to help reduce carbon emissions. While addressing the Annual General Meeting of the International Air Transport Association (IATA) here, Walsh also flagged concerns about supply chain issues that are raising costs as well as limiting the ability of airlines to deploy aircraft. He also pointed out that decarbonising aviation is a serious issue and governments must not be allowed to use it to shore up exchequer finances.
Will not interfere in Kerala govt business unless...: Governor KhanRediff.com15 Nov 2022
Amid the bitter tussle with the Left Democratic Front-led government, Kerala Governor Arif Mohammed Khan on Tuesday said he will not interfere in the business of the government unless there was a total collapse of the constitutional machinery and "fortunately" that was not the case in Kerala.
ATC tests positive for psychoactive substance, removed from dutyRediff.com21 Aug 2022
The sources said that an ATC posted at the Indira Gandhi International Airport in New Delhi was subjected to the drug test.
Chinese cos: Scores of CAs, company secretaries, cost accountants under lensRediff.com21 Aug 2022
Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India, according to officials. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated. The Institute of Cost Accountants of India has also initiated action against some of their members in the matter.
Akasa Air take off likely in late May or early JuneRediff.com25 Jan 2022
Seeking to further democratise air travel with dependable and affordable services, airline Akasa Air is aiming to start flights in late May or early June after getting its first Boeing 737 MAX aircraft in April. Bullish on the long term growth potential of the country's civil aviation sector, ace investor Rakesh Jhunjhunwala-backed carrier is looking to have 18 planes in its fleet by the end of March 2023. Despite COVID clouds continuing to cast a shadow on the airlines, Akasa Air CEO Vinay Dube is more than optimistic as he asserted that "if you look at the long term future of commercial aviation in India, it is as exciting as anywhere in the world".
Ready for Kerala chief ministership if BJP wins: 'Metro man' SreedharanRediff.com19 Feb 2021
He also said that the focus will be on developing infrastructure in a big way and bring the state out of the debt trap if the BJP wins the assembly polls that are likely to be held in April-May this year.
Vistara to launch international flights in second half of 2019Rediff.com4 Jun 2019
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
Crackdown on shell cos: 4.5 lakh directors may face axeRediff.com5 Oct 2017
The exercise of striking off dormant companies and disqualifying directors is in furtherance of ease of doing business and will be good for genuine corporate
India Inc had a roller coaster ride in 2014Rediff.com26 Dec 2014
India Inc had few tough issues to deal with in 2014.