DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
The policy has been finalised after nearly eight months since the Ministry came out with the revised draft in October 2015.
After gaining access to the airfield, the unarmed intruder then entered a C-40 aircraft from the 89th Airlift Wing, known as the "presidential wing," officials said.
AirAsia plans to sell 12 planes this year, a move that will bring in around 500 million ringgit ($156 million) in net profit.
The airline is currently operating on the Delhi-Dubai, Mumbai-Dubai, Delhi-Singapore and Mumbai-Muscat routes.
Falling jet fuel prices, stable rupee signal lower losses
After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.
The airline might find it difficult to fill posts.
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
An expat pilot with Jet Airways hurled "racist" comments at and assaulted a woman and also abused a physically challenged person on a flight, cricketer Harbhajan Singh claimed.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
British Airways and Air France said on Thursday they will mothball their fuel-guzzling Concorde fleets at the end of October, ending 27 years of supersonic commercial air travel.\n\n\n\n
One of the world's largest cargo carriers, A300-600ST aircraft is celebrating its 20th birthday.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Konnect to be phased out as airline struggles to contain losses.
This is three and a half times the loss in the same quarter a year ago.
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
The Russian plane that crashed in Egypt's Sinai Peninsula over the weekend, killing all 224 people aboard, broke up high in the air, an official said.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
The court order could put SpiceJet's revival plan under stress.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
SpiceJet has cut costs to turnaround the carrier in a year's time.
Tata-SIA will kick off with full-service domestic operations.
Companies world over have to confront unprecedented factors that can cause losses.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
Airbus is now confident of crossing 1,000 net orders (excluding cancellations or conversions from previous orders) in 2014.
They will grow at 5.8 per cent a year.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
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