Indian airlines are likely to face additional weekly expenses of Rs 77 crore for international flights operated from north Indian cities as the airspace curbs result in increased fuel consumption and longer flight duration. An analysis of the number of overseas flights and back-of-the-envelope calculations based on increased flight time as well as approximate expenses by PTI showed that the additional monthly operational costs could be over Rs 306 crore.
When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
Prime Minister Modi needs to call Biden next month and clearly say: 'Mr President, the threat from China is clear and present. We, in New Delhi, have determined it to be an urgent national priority to outfit our submarines and aircraft carriers with nuclear propulsion and we want to cooperate with America on this programme",' advises Ajai Shukla.
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
As his personal wealth started booming, Mallya went on a buying spree.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
'Jin Jiang had invested in Louvre Hotels.' 'Louvre, a couple of months ago, took a majority in Sarovar hotels.' 'So they are coming in now.' 'Look at the Chinese -- two quarters ago they took 25 percent in Hilton.' And then HNA also took majority in Carlson (Radisson).'
A glance back at some of the important ups and down Indian Inc faced in 2018.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
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