The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
The mega-merger of state-run carriers Air India and Indian received the final government nod on Thursday, with the Union Cabinet giving a go ahead to the proposal of the Group of Ministers in this regard.
It also recommended fixing of responsibility on 'agencies and individuals' who took such a 'whimsical' decision and sought 'suitable action' to prevent such 'intangible loss' being caused to a state-run company.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
A decision to merge Air India and Indian is likely to be taken in the current fiscal to turn the combined entity into a mega carrier with about 130 aircraft to take on the major global carriers like Singapore Airlines, Emirates and British Airways.
GoAir reluctant to respond to overtures.
Airlines in the UAE are expecting a huge rush since nearly a million amnesty seekers, including many Indians, are likely to leave the country before the September two deadline.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
As many as 128 pilots have left Air India, Indian Airlines and Alliance Airways between 2004 and 2006, the Rajya Sabha was informed on Tuesday.
After filing their objections against the Air India-Indian Airlines merger with the corporate affairs ministry on August 31, the unions of Indian Airlines are now planning to take the matter to court.
Altogether 93,903 people, including 89 children and 269 infants, were airlifted by Air India, Indian Airlines and Saudia for Haj pilgrimage in the first phase of the operations, concluding Wednesday, an Air India spokesman said in Mumbai Tuesday.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
One lesson the government should learn from the Air India-Indian Airlines merger fiasco is that combining two sick people ends up making them sicker.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
India, which plans to start flights to Kabul whenever Pakistani airspace opens, on Wednesday agreed to take a slew of steps, including waiving off expenses, to assist Afghanistan in building up its aviation infrastructure.
It was like I have gone 22 years back. Over 20 years have passed, but the images (of today) are the same," Devi Sharan, the captain of hijacked IC814 said.
Airlines tell Arindam Majumder and Aneesh Phadnis they are forced to look at expats due to a lack of commanders, a position that requires experience.
Jet Airways launched direct flights to the Kuwait and Bahrain, thereby meeting the rising demand for connectivity with Gulf. It is the first private airline to fly to Gulf.
The Delhi High Court on Tuesday said it would pronounce on Friday the verdict on the plea of a pilots' body of erstwhile domestic carrier Indian Airlines seeking parity with their counterparts in Air India.
'The unity among Israelis is such that the killing of the many Israelis is like a personal loss.' 'They feel as if they have lost someone from their own family. The whole of Israel is sad.'
Four institutional teams and the eight winners of the pre-quarter-final league will battle it out in the Super League, beginning on Friday.
The national carrier has drawn a blueprint to cut the number of recognised unions in the airline from 15 to two -- one for pilots and another for the rest of the employees.
Vistara is keen to take to global skies.
Ten trade unions with a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, are on a nationwide strike to protest against changes in the labour laws.
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