The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.
Lotus F1 principal Tony Fernandes has risen to Richard Branson's challenge for the loser of the two Formula One team owners next season to serve as a stewardess on the winner's airline. Fernandes, the founder and CEO of AirAsia, said last week that his new Malaysian-backed team has to finish ahead of Branson's Virgin Racing "otherwise I will retire and kill myself".
The new Malaysian-backed Lotus team have dashed Takuma Sato's hopes of a Formula One comeback with them next year, the Japanese driver's management said on Sunday. Lotus F1, run by AirAsia airline entrepreneur Tony Fernandes, are due to announce their driver line-up in Kuala Lumpur on Monday with Italian Jarno Trulli on pole position for one of the two race seats.
When the move was first thought of it was at the behest of Jet Airways, IndiGo, SpiceJet and Air India. Only Vistara and AirAsia were opposing it as they were doing the poaching, says Anjuli Bhargava.
DGCA was irked by was a video on social media that showed passengers dancing on board a midair flight. The regulator has summoned the airline officials seeking an explanation.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
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.
Kamra was banned by India's largest airline for six months on Tuesday for allegedly harassing Goswami on the Mumbai-Lucknow flight. SpiceJet, GoAir and Air India also imposed a similar ban on Kamra without specifying any period.
The new routes will expand AirAsia's connectivity to more than 80 destinations across the continent, and provide additional connections for its sister airline AirAsia X, which is due to fly from Australia's Gold Coast on November 2, to Guangzhou, China at the end of the year, and to Melbourne and London next year. Prices for the Singapore flights are expected to start at 9.90 ringgit (Rs 120) for return trips.
The actor, who has been catapulted to the national spotlight for his work in helping stranded labourers, has refuted reports of his political motivations and says his work with the migrants is because of his love for them.
In a relief to fliers, the civil aviation regulator DGCA has rejected the plea of some airlines to allow them to charge for the check-in baggage saying such a fee would be applicable only on baggage which exceeds the free limit of 15 kgs.
Kamra allegedly heckled Goswami, the editor of Republic TV, on IndiGo's Mumbai-Lucknow (6E5317) flight on Tuesday.
Mr Tata said a letter had arrived in his office from a young woman who had applied for the graduate engineering programme of TELCO Pune and been turned down. 'I wouldn't interfere with your selection process, Maira,' he said. 'However, I am calling you because this lady says that her rejection letter says that though she is very well qualified for the programme, TELCO Pune cannot select her because she is a woman.' 'Why are you discriminating against women?' he asked. A must read excerpt from Arun Maira's The Learning Factory: How The Leaders Of Tata Became Nation Builders.
The fare for the inaugural flight is Rs 1 and the tariff for the first three months is Rs 999.
Spicejet receives maximum complaints regarding refunds
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Aviation regulator DGCA is likely to take a call shortly on allowing domestic airlines to charge for check-in baggage while providing incentives for passengers who travel light.
Budget carrier SpiceJet on Wednesday joined the low fare race in the domestic market putting on the block half a million seats with ticket prices starting at Rs 1,499 under a limited period promotional offer.
One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.
Tiger operates Airbus A320s and was set up by SIA and Singapore's national investment firm, Temasek Holdings, in 2004.
About 170 Airbus aircraft operate in India.
IndiGo's ascent is not without its risks, however.
Many states like Maharashtra, West Bengal and Tamil Nadu were opposed to opening up of their airports in view of rising cases of the coronavirus infection.
Aviation regulator DGCA has suspended two pilots of Tata Group's Taj Air, a non-scheduled airline that flies Chairman Emeritus Ratan Tata and Chairman Cyrus Mistry among others, for allegedly falsifying medical records.
Delhi airport, the country's busiest, runs out of slots due to runway capacity constraints.
Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.
His resignation as chairman of the government's skill development agencies triggered talk that he may be headed back to the Tata Group where a search committee is looking for a full-time chairman.
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
Domestic carriers, including newly-launched AirAsia India and regional airline Costa too have lowered their fares through these offers
Airbus is now confident of crossing 1,000 net orders (excluding cancellations or conversions from previous orders) in 2014.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
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As per the FIPB agenda, the proposal will be taken up on October 18.
Vistara was operating from Delhi, Mumbai, Ahmedabad and Goa.
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.
Initial reports say the pilots had asked for a change in route (it was flying to Singapore) because of adverse weather.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
SpiceJet announced discounted fares on domestic sector.
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