'This festival season, advance airfares for major metros are up 20 to 25 per cent from last year.'
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
In a bid to decongest airspace over three major airports, the government plans to increase charges on airlines which operate flights during peak hours and reduce it during the non-peak timings.
Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
Though NOC was issued by the Ministry last week, this was the first formal statement by the AirAsia CEO on microblogging site Twitter.
The Foreign Investment Promotion Board on March 6 cleared the Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons.
'By August 2018, it was evident that Jet was heading into serious financial trouble.' 'Why didn't the DGCA stop all advance bookings right there and then?' asks Anjuli Bhargava.
Umar Farouk Abdulmutallab, 23, has told FBI that close to 20 other young Muslim men were being prepared in Yemen to use the same technique to blow up airliners, CBS said in an exclusive investigative report.
The controversial 5/20 rule required an airline to have five years of domestic operations and 20 aircraft in its fleet to be able to fly abroad.
Carriers like Indian, Jet Airways, Kingfisher Airlines and Paramount Airways, apart from a host of start-up airlines, are sewing up deals to acquire 50-70 seater aircraft for less congested routes.
Another nine Indigo flights came under the scanner after warnings that they have bombs on board.
When Wing Commander Rajiv Kothiyal resigned in 2002 as one of the most qualified test pilots in the Indian Air Force and quickly found a flying job in a start-up airline, Deccan Airways, he felt he had won a jackpot.
A new full service start-up airline, run by a real estate entrepreneur, would begin operations from New Delhi to some northern hill towns by October.
An Air India flight to Bhubaneswar from here was delayed by nearly eight hours allegedly due to some "VIPs" forcing the government-owned carrier to reassign the aircraft and its crew for Bhopal, a charge denied by the airline.
Magic Air, a start-up airline slated to be launched from November by a Person of Indian Origin, Neera Radia , has already run into turbulent weather, with the government on Thursday saying it cannot permit PIOs to operate an airline.
IndiGo had last week offloaded 70 passengers from a Raipur -bound flight from Hyderabad alleging "unruly behaviour".
Tata-SIA have applied to the Civil Aviation Ministry for a no-objection certificate to start a full-service airline in India.
Recruitment and import of aircraft still to get going
Following the entry of Tata-SIA and AirAsia into the Indian aviation market, the domestic aviation industry is seeing increased interest from private entities.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
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