The Bombay High Court on Monday asked Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) to settle their dispute over the takeover of Sahara Airlines by July 2 or else it would pass an order.
SpiceJet is in talks with aircraft makers for a jet deal.
Despite private sector developer Delhi International Airport Ltd bracing for a long and foggy winter with added infrastructure, the shortage of CAT III pilots in some airlines could still mean long delays for passengers.
The cut in wages by companies whose operations were not shut by the lockdown was more likely opportunistic than out of business compulsions to survive the lockdown. If this is true, then it is worth wondering what kind of opportunism was this? Was it to make a quick buck or was it to use a crisis to engineer a structural change that was necessary, asks Mahesh Vyas.
Index heavyweights continue to be top losers with ICICI bank.
"We have successfully carried out the 'C check' on two of our B-777 aircraft and work on the third one is expected to be completed within a month," National Aviation Company of India Ltd (NACIL) SBU-Head (Engineering), K M Unni, told media persons in Mumbai.
W.C.H Training Solutions is offering a 30 hour "Training & Placement programme" in New Delhi for candidates interested in making a career in Travel BPO's.
Lohani orders staff to ensure maintenance and cleanliness of hi-lift catering trucks
In addition to that, an increasing number of airlines like SpiceJet, national carrier Air India and GoAir are either getting into hedging of aviation turbine fuel or increasing the quantum of ATF hedged on the MCX. Last month, state-run Indian Oil Corporation approached MCX to provide it with a platform to hedge its refinery margins and end products from crude oil.
Reliance Communications Ltd's subsidiary Reliance Mobile World on Wednesday announced introduction of LPG gas booking service on mobile phones.
The association also wondered how the brand value of Kingfisher was considered as a collateral while sanctioning a loan, and alleged that even when RBI knew that this was a "deliberate default", no action was taken by the banks.
In its petition, the association alleged that the procedure followed by the Union Government for the merger was not proper and was illegal. A new company, National Aviation Company of India Ltd was incorporated in March this year as promoter of the new brand and the merger would take two years to become effective.
The Mumbai airport has two runways intersecting each other and only one is fully operational. The other one is used only during peak traffic.
ED had claimed that Mallya was summoned on four occasions for questioning in connection with a contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
Tata-SIA will kick off with full-service domestic operations.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
The company secured independent valuation for these properties and had shared the same with Mallya
The cruise ship Diamond Princess with 3,711 people on board arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship.
The offer, which is being managed by Edelweiss Capital, was scheduled to open on Wednesday and close on August 13.
The transaction, which values Air Deccan at Rs 155 a share, would be through allotment of non-preferential shares to UB
Jet Airways will begin flights from Toronto to Delhi in August on a route that Air Canada has discontinued from this month. Jet Airways (India) Ltd will begin five flights a week from Toronto through Brussels, destined for New Delhi from August 23.
The aircraft was earlier owned by EIH (Oberoi group).
No reason was cited for rescheduling of the meeting.
"Considering its geographical location, India, especially Delhi, has the potential to become a gobal hub for air cargo," Singapore Airlines Cargo Pte Ltd president Hwang Teng Aun said.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
Low-cost carrier SpiceJet said on Monday it had signed a $1.1 billion deal for sale and lease back agreement, covering 16 brand-new Boeing aircraft.
Mallya is understood to be in the UK after he left India on March 2.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Low cost airline Air Deccan on Tuesday said it plans to fly over four million passengers in the next financial year, four times more than the one million people it has flown since inception 18 months ago.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
Diageo may not be able to recover $135 mn loan from Mallya firm
SGI Commex contended that though it had won the bid, it is yet to receive a communication from the department to this effect and unless it gets such a letter, it will not be in a position to pay the dues claimed by MIAL
Domestic airports across the country are bursting at the seams. And new ones are stuck.
