The National Aviation Company Ltd, which runs Air India, today named Gustav Baldauf as its chief operating officer.
The COO's compensation package will be negotiable, based on qualification and experience in the industry. But he will also be given a performance-linked pay based on key performance indicators determined by the management or the board.
The Directorate General of Civil Aviation-appointed panel investigating the flight disruptions at IndiGo is likely to summon the airline's CEO Pieter Elbers and Chief Operating Officer Isidre Porqueras on Wednesday as part of the ongoing probe, according to a source on Monday.
The National Aviation Company of India Ltd, that runs the government's flagship carrier Air India, has formally begun looking for a chief operating officer to steer the airline as part of its restructuring plan.
Where was the Board when a predictable regulatory change brought the country's largest airline to its knees? asks Dr Sudhir Bisht.
'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
Air India Board is likely to approve the appointments in four key managerial positions, which would put an extra annual burden of over Rs 4 crore (Rs 40 million).
On Monday, the five independent directors of the company -- Anand Mahindra of Mahindra and Mahindra Ltd, Federation of Indian Chambers of Commerce and Industry's secretary general Amit Mitra, Ambuja Realty chairman Harsh Neotia and former air chief Fali H Major -- met Prime Minister's principal secretary T K A Nair and reportedly expressed their anguish over the appointments being made by the company.
In a bid to retain employees and lure more youngsters to join the company, Air India Express would come out with attractive packages for its crew, a top official of the low-cost airline subsidiary of Air India said on Wednesday.
According to Airbus sources close to the development, "Airbus has already made its presentation to Air India and also to the ministry. Whenever they are ready and instruct us to put in the bid, we will do so." The order could be around $3 billion, based on the list price of the aircraft. But, the negotiated price may vary.
Insurance companies are processing a surge of claims related to the Air India plane crash in Ahmedabad, including travel, personal accident, and life insurance claims.
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.
Being given the soft option of resigning suggests he was being sheltered by top management but the government got rid of him for the wrong reasons.
Seventy years after Pather Panchali released on August 26, 1955, we finally get it. Shuttling between the village of Boral and a studio in Calcutta, caught between worrying about the next purse of funds and wondering which item to mortgage next, Satyajit Ray was explaining Indians to themselves, discovers Sreehari Nair.
All the 10 teams are involved in a lot of back and forth with their overseas recruits over their arrival plans in India a day after the IPL announced the revised schedule following necessary security clearances from the government.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
rediffGURU Rohit Gupta, co-founder and COO of College Vidya, provides a list of competitive exams that can help you land a job in the public sector.
The All India Cabin Crew Association, claiming to represent 2,500 cabin crew of Air India, said: "While we bear Capt Gustav Baldauf no ill-will at all, it is tragic that the airline that was built by one of the world's legendary aviators, Bharat Ratna J R D Tata, must today be saved by a foreigner, whose only link to India seems to be Jet Airways."
In a bid to restructure its top hierarchy, Air India plans to hire some senior executives, including a Chief Strategy Officer and a Chief Operating Officer for its low-cost international arm Air India Express, airline sources said on Tuesday.
'After Diwali, I don't see this trend of re-releases going forward. We won't have that window to re-release films because of the kind of movies that are slated to be released.'
Gustav Baldauf has complained about government interference in day-to-day operations.
'We were exporting copper at that time. Now India is importing copper to the tune of around $1.2 billion. Moreover, there was a larger impact on the dependent MSMEs.'
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.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
A general court martial (GCM) instituted by the Indian Air Force has ordered the sacking of a group captain for the crash of an Mi-17 V5 helicopter in Budgam in Jammu and Kashmir after it was hit by a missile on February 27, 2019, official sources said on Tuesday.
Air India has long ceased to be a commercial entity: it is of the government, exists for the government and is run by the government.
Makemytrip.com, a travel-related portal, remained inaccessible for a large part of the day owing to an unprecedented surge in traffic, after Air India and JetLite slashed fares.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
Sukanya Verma recaps all those events from 25 years ago.
'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
There is no immediate comment from the Indian Air Force on the findings of the probe.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
Korean Airlines is awaiting formal clearance from the Indian government to start eight additional flights between the two countries.
Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines.
The pandemic is taking a deep, emotional, scarring toll. Will we survive, asks Shruti Vyas. If we do, will we be the same?
UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations. Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while Unilever chief operating officer (COO) Nitin Paranjpe will take on a new role as chief transformation officer & chief people officer, leading the business transformation and heading the HR function for the transformed organisation. The company said Sunny Jain, president of beauty & personal care, has decided to leave Unilever to set up an "investment fund in technology megatrends".
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