"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
Air India will no longer enjoy a priority in allocation of international traffic rights. This follows its takeover by Tata Sons in January. The Directorate General of Civil Aviation has dropped a clause which gave Air India an advantage over other private airlines in the amended rules issued on April 19.
Oil prices rose following Biden's suggestion that United States and Israeli officials were considering a possible Israeli strike on Iranian oil facilities, as reported by the Washington Post.
The fundamental responsibility for preventing such crimes and for bringing the criminals to justice rests with the State, and it cannot abdicate that function.
Driven by a boom in domestic tourism, a record number of weddings in November and December, and a surge in extended weekend vacations.
Among executives who have been approached are former president and CEO of IndiGo Aditya Ghosh, Wolfgang Prock Schauer, current president and Chief Operating Officer at IndiGo and Sanjay Kumar, Chief Strategy and Revenue Officer of IndiGo.
Air India offers huge discount on tickets.
Travels to Gulf accounted for 40% of India's international air traffic in 2016.
Uzbekistan lives comfortably in several centuries but is also a forward-looking nation, Deepa Gahlot discovers on a visit to this Central Asian country.
The move comes days after SpiceJet raises its ticket cancellation charges.
Last week, the Pakistan Air Force (PAF) held a ceremony marking the induction of the Chinese-made fighters into its arsenal.
However, Federation of Indian Airlines will continue to function and its other members are not pulling the plug yet, industry sources said.
Airbus on Tuesday said it will deliver the first A350 aircraft to Air India by the end of this year and that the deal with the airline also marks the European aviation major's "emphatic return" to the wide-body segment in India, which is the fastest growing aviation market. As it looks to expand the fleet as well as operations, Tata Group-owned Air India on Tuesday announced that it will buy 250 planes from Airbus -- 210 from the A320 neo family and 40 A350. Remi Maillard, president and managing director of Airbus India and South Asia, said the company was very proud that the Tata Group has chosen A350 and A320 planes for Air India, adding that the magnitude of the order shows the appetite for growth in the Indian aviation industry, which is the fastest growing aviation market.
European aircraft maker Airbus expects the Asia-Pacific region to overtake the United States and Europe as the world's largest air transport market in the next 20 years.
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
Police have arrested three persons from Mumbai, including a woman, for allegedly trafficking a man from Chhattisgarh's Durg district for 'cyber slavery' in Laos in southeast Asia and cheating him of Rs 2 lakh, an official said on Wednesday.
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
Rediff.com takes a look at the major aviation disasters of recent times.
For the first time in 13 years, since Jet Airways' A330 planes exited the airline's fleet in around 2010, an Indian wide-body aircraft will have a Rolls-Royce-powered engine, with Air India ordering 40 Airbus A350 planes. On Tuesday, Air India announced its mega aircraft order for 470 aircraft, including A350 planes. The A350 aircraft, which will come in two variants, are powered solely by Rolls-Royce Trent XWB engines and the local team has begun work to assist Air India with its aircraft-induction plans.
They said a Delhi Police Special Cell team nabbed four people from South Delhi's Mahipalpur and confiscated the consignment weighing over 602 kilograms.
Israel on Monday marked the first anniversary of the October 7, 2023 attacks by Hamas terrorists, the deadliest in the Zionist State's history, which sparked the brutal war in Gaza.
The city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has decide to once again consolidate its flight operations to one terminal -- T2 -- from April 21 amid the rising number of Covid-19 cases in the city.
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
The load factor of six major domestic airlines--IndiGo, SpiceJet, Air India, GoAir, Vistara and AirAsia India -- stood between 70 per cent and 64.9 per cent in January.
The travel and tourism sector's contribution to global gross domestic product will return to pre-pandemic levels by the end of 2024, according to a new report by the World Economic Forum (WEF) on Tuesday. This recovery is driven by a considerable increase in worldwide demand, coinciding with more available flights, better international openness, and increased interest and investment in natural and cultural attractions.
Around 1.12 crore domestic passengers travelled by air in December, approximately 6.7 per cent higher than the 1.05 crore who travelled in November, the country's aviation regulator said on Wednesday. Overall, 8.38 crore people travelled on domestic flights in 2021 as compared to 6.3 crore in 2020, showing a jump of 33 per cent, the Directorate General of Civil Aviation (DGCA) stated in its monthly statement. IndiGo -- India's largest carrier -- carried 61.41 lakh passengers in December, a 54.8 per cent share of the domestic market, it mentioned.
Winless in two matches, both India and Afghanistan are out of the tournament and Thursday's match between the two sides in Dubai has been rendered inconsequential.
Rudrankksh Patil and Mehuli Ghosh gave India its fifth gold medal at the Asia Olympic Qualifiers.
Airlines such as IndiGo, Air India, Vistara and AirAsia India have decided to go with the new attire to ensure safety of cabin crew members as they are in close proximity to passengers during flights
Earlier in response to Iran's rocket barrage on Israel on Tuesday night the UN Chief had said, "I condemn the broadening of the Middle East conflict with escalation after escalation. This must stop. We absolutely need a ceasefire.."
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
Air Asia will hold 49 per cent and the remaining will be owned by Tata Sons and Telestra Tradeplace Pvt.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
The residents of Delhi stand to lose 10 years of life expectancy if the current air pollution level persists.
Zudio was the standout performer as it tapped into the pentup demand in small-town India, at a pace never seen before, notes Indrajit Gupta, co-founder and director, Founding Fuel.
Jaspal Rana's contribution towards Manu Bhaker's remarkable transformation into a double Olympics medallist will not go unnoticed. The national shooting federation is mulling bringing the Dronacharya awardee coach back into its fold.
On the coming Labour Day, Virgin Atlantic boss and billionaire Sir Richard Branson will try his hand at a new job - as a stewardess on budget airlines AirAsia's long haul flight.
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
