"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
However, any progress on the deal depends upon Goyal giving up control of the company.
Aviation consultancy CAPA on Thursday said allowing domestic airlines to take advance bookings from April 15 is "unfair" to consumers since a decision on lifting the nationwide lockdown is yet to be taken. During the lockdown period only special flights approved by aviation regulator Directorate General of Civil Aviation, medical evacuation flights and those carrying cargo, including medical equipment, to and from different parts of the country are operational.
Though the Mumbai and Delhi airports still rule the domestic aviation market, the share of the two in overall traffic is falling. In 2006-07, the two airports collectively handled 40.6 per cent of all domestic passengers; in 2012-13, their share fell to 37 per cent.
Within two weeks of many airlines deciding to roll back salary cuts encouraged by a steady increase in traffic flow, a second wave of coronavirus along with rules of compulsory RT-PCR test has hit forward bookings. The fears of last summer, when the pandemic had overturned all the wisdom of airline boardrooms, have returned to haunt the aviation industry. According to an official in the Ministry of Civil Aviation, flight occupancy is down to 60 per cent from 70 per cent in the first week of March. Airline lobby group IATA estimates that low cost airlines need to fly at 80 per cent occupancy to be profitable.
Airfares on the India-Malaysia route are likely to decline in the next few months, with no-frills Malaysian carrier Air Asia planning a major foray into the Indian market at fares ranging between Rs 5,000 to Rs 6,000.Air Asia plans to fly to 12 cities, including Delhi, Kolkata, Mumbai, Chennai, Bangalore, Coimbatore, Madurai, Thiruvananthapuram, Kochi and Kozhikode.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
Taking a cue from price war in the domestic sector, two foreign carriers - Emirates and Air Asia - have cut fares for Indian travellers so as to beat the March quarter blues.
Govt's decision to allow in-flight Wi-Fi doesn't take off with budget airlines, full-service carriers enthused
IndiGo retained its No. 1 position amongst domestic airlines growing its market share.
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
As fliers find themselves spoilt for choice, airlines are looking at ways in which to position themselves distinctively.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
The fare war triggered by the entry of AirAsia into the domestic market continues as the budget carrier IndiGo has launched another round of promotional fares, starting at Rs 1,724 (all inclusive) for a limited period.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
This limited-period promotional offer of the Malaysian low-cost carrier AirAsia is valid for booking on only two days from tomorrow.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
IndiGo revamps website, Jet ties up with Twitter
Rivals say the concessions would benefit AirAsia alone.
7,000 unemployed pilots in India but airlines continue to bet on expats
With all of the heavy lifting we have done over the past few years, I am confident that we are now well positioned to build on the Tata Group's unique legacy to steer the 21st century towards a more sustainable, connected, inclusive and efficient future: Chandra in email to staff.
Based on the Skytrax ranking for 2018, IndiGo is number two among the best low-cost carriers in Asia, behind rival AirAsia.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
According to sources in the aviation ministry, only State-owned Air India and private carrier AirAsia India have agreed to pay the surcharge.
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
Several new airlines are likely to fly in the Indian sky in the coming months with the government giving flying licence to four of the six companies, which had sought permits for launching scheduled, private or charter air operations.
The initial speculation over who is likely to down shutters seems to have given way to a resigned acceptance that all the players are determined to stay in the game.
Ghosh said the Tata Trusts Cancer Care Initiative is one of the largest health care programmes in the world
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
15 images from events that shaped last week's headlines.
Or else customers will face capacity shortages and high fares.
Else customers will face capacity shortages and high fares.
Malaysia's budget airline AirAsia, which is eyeing more routes to India, China and Singapore, has said the country's aviation sector must be open to competition to ensure passenger growth. \n
Giving an idea of the scale of its ambitions, the four-month-old airline recently placed an order for 50 aircraft even as the sector is struggling.
Following the entry of Tata-SIA and AirAsia into the Indian aviation market, the domestic aviation industry is seeing increased interest from private entities.
Jet is the largest player in the Mumbai airport, with over 110 domestic slots and 30 international slots from the city.
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