IndiGo's situation points to a deeper malaise where skill shortage can challenge India's status as the fastest-growing aviation market, say experts.
The Indian Commercial Pilots Association decided not to resort to any industrial action as planned from May 10.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Central Industrial Security Force chief OP Singh briefed Union Home Minister Rajnath Singh on the heightened arrangements at airports, ports and other vital installations guarded by the central force.
Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent
Agarwal submitted the express of interest through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
SpiceHealth had on January 6 and January 7 tested 469 passengers who arrived on two charter flights from Italian capital Rome and found 298 of them to be COVID-19-positive.
But demand has shown signs of pick up in the last 10 days of April after the government allowed resumption of economic activity beyond the urban municipal limit.
The number of Indian passengers has jumped more than 20 per cent in the past year
'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.
Its revenue during the period grew by 65 per cent to touch Rs 9,458 crore (Rs 94.58 billion), as against Rs 5,718 crore (Rs 57.18 billion) during FY12.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.
Major global airlines, including Gulf carriers, are keen to invest in this space.
Air fares in India were about 300 per cent higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Monday, asserting that the aviation industry could not grow with such taxation.
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
The recent report in the New York Times that China had brought India's financial capital - Mumbai - to a halt by hacking the electricity supply grid has not come as a surprise to the CTOs (chief technology officers) and cyber security experts. Indian companies, including critical infrastructure providers such as power grids, ports and radar systems, lack the IT infrastructure to prevent hacking from hostile state actors like China and North Korea, warn security experts. Recently, the United States government warned of yet another breach of critical systems tied to Microsoft Exchange email systems that the company has blamed on China. The breach has impacted thousands of organisations in the US and its impact on India is still unknown.
The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore.
Tickets will be sold only through Air India website from August 27-31 and for travel during August 27-September 30.
With economic activities gathering pace post easing of lockdowns across the country, hiring activities in most sectors have shown significant recovery in October over the previous month, says a report. On yearly basis, however, the overall hiring was down by 17 per cent in October, according to the Naukri JobSpeak Index for October' 2020.
With a debt of several thousand crore rupees, there's no chance the government can attract any buyer unless it cleans up the balance sheet, says Anjuli Bhargava.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Colombo can handle more container traffic than all of India's ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan.
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
The airline had made new pilots sign a bond of Rs 2.5 lakh to Rs 14 lakh in the recent past.
Asserting that it was a small conflict, Gaikwad said the staff member of the airline is mad and around eight such cases of indulging in a brawl have been registered against him.
The travel period for which the discount is being offered ends on April 30 next year.
Chief Operating Officer, Sanjiv Kapoor will be leaving the company effective October 31, 2015 after two years with the organisation.
Hogan questioned the claims of the airlines campaigning against Etihad.
The airline's chief had said it would focus more on tier-II cities. Already, the airline connects some of its major destinations from Tiruchirapalli, one of the busy tier-II hubs in Tamil Nadu.
'A formula can be reached so that everyone gets a fair share.'
'India's future: To manufacture so efficiently that we do not need protection,' says Naushad Forbes.
Govt's decision to allow in-flight Wi-Fi doesn't take off with budget airlines, full-service carriers enthused
