Fresh trouble seems to be brewing for liquor baron Vijay Mallya, with Mumbai International Airport(MIAL) deciding to sell a mid-sized corporate jet owned by his group company.
Vistara will have to face stiff competition from Jet Airways, AirAsia
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
Estimates of decline in arrivals vary from 30-50 per cent. Rouble fell to 80 against the dollar on Tuesday, but settled around 72 against the dollar its steepest fall in sixteen years.
Cites technical reasons; crew told to apologies to passengers and provide feedback forms for those seeking a refund for pre-booked meals
The airline not to be put on cash and carry mode
The airline has promised refunds within 10 days, but there is a rush
The chief operating officer said that the carrier will surmount the present crisis very soon.
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
In November alone, year-on-year growth in flight bookings for the season was almost 40 per cent, said Ranjeet Oak, senior vice-president (flights), MakeMyTrip, a leading Indian online travel agency.
The panel will be asked to give report by March-April next year.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
ATF for domestic carriers has become 11.22 per cent cheaper since October and is expected to see more price cuts in the next three months.
The US has already eased the procedure for issuing visa to attract a million Indian tourists by 2015
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
CIDCO moves Supreme Court against Rs 1,200 cr compensation order for land parcel
The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
But its sales pitch will remain muted till India opens up more seats on the route
The no-frills carrier was launched in 2009. It began India operations a year later.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
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