IndiGo which has close to 40 per cent market share, at present has 129 aircraft and operates 883 daily flights to 44 destinations. It also has around 400 aircraft on order.
During the checks on the Cessna aircraft registered with Business Jets India, the DGCA found that the pilots in command did not have necessary training certificates.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
The Aam Aadmi Party's spectacular electoral debut in New Delhi is now creating ripples down south.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Top Aam Aadmi Party leaders Shazia Ilmi and Captain Gopinath resign.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
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.
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.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
Pressure mounted for removal of Delhi Law Minister Somnath Bharti on Wednesday after one of the African women assaulted in a midnight raid in south Delhi accused him of having led the group that barged into her house and attacked them.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
The government is keeping its options open.
As his personal wealth started booming, Mallya went on a buying spree.
Vicky Nanjappa in a conversation with Air Deccan founder Captain Gopinath regarding the AAP
Over 100,000 members have joined the party's state unit, says Praveen Bose
Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
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