"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
Ajit Singh says will seek cabinet nod to scrap 5-year, 20 aircraft rule.
Though the Mumbai and Delhi airports still rule the domestic aviation market, the share of the two in overall traffic is falling. In 2006-07, the two airports collectively handled 40.6 per cent of all domestic passengers; in 2012-13, their share fell to 37 per cent.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
Malaysia Airlines Flight MH370 that mysteriously disappeared with 239 people on board nearly a year ago was deliberately taken off course by someone in the cockpit and flown towards Antarctica, experts have claimed.
Rediff.com takes a look at the major aviation disasters of the year.
While media reports suggested that Tata-Singapore Airlines is looking at an all-stock merger of Jet, Tatas, in a statement said, discussions to take over Jet Airways have been preliminary and no proposal has been made
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
While waiting for an independent aviation agency to be legislated, moves to address American aviation authority's audit rap.
Tiger operates Airbus A320s and was set up by SIA and Singapore's national investment firm, Temasek Holdings, in 2004.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
As millions of passengers stream through Malaysia's Kuala Lumpur International Airport, heading off on holidays or returning home to loving families, all Hassan Al Kontar can do is watch. And wait. Stuck at the airport since March 7, 2018 that's all Kontar has been able to do. The airport has become his home. And for all those who wonder what it must be like to live at an airport, the stranded 36-year-old tells us via Twitter exactly what his story is and what's happening to him.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
IndiGo's ascent is not without its risks, however.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 500,000 and has been registered in New Delhi.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
Five decades ago, 87 plane crashes took away the lives of 1,597 people.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
A French doctor treating former Formula One champion Michael Schumacher said on Thursday that the German driver was making progress, but will need years to recover.
