The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
Vistara has filed for slots at the Delhi airport and is also training pilots as it prepares for operations. The Delhi-London flight is being planned from mid-August, while services to Paris and Franfkurt would be launched later.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
Improvement in load factors, coupled with an increase in seat capacity after Jet's slots were allotted to low-cost airlines, has resulted in an increase in daily passenger traffic.
'At the heart of the strategic relationship between our countries are economic ties.'
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The large carnivore got completely wiped out from India due to their use for coursing, sport hunting, over-hunting and habitat loss.
IAF conducts the air show, Srinagar and the government is part of the ongoing 'Azadi ka Amrit Mahotsav' celebrations
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
'What kind of insensitivity does it take to get taxpayers to cough up for an aircraft costing a few billion for your personal use, at a time when the country you head is in so much trouble?' asks Sherna Gandhy.
Troops of India and China were locked in a standoff in Doklam from June 16, 2017 after the Indian side stopped the building of a road in the disputed area by the Chinese Army.
Airfares in Indian market are unsustainable, says a senior Boeing official.
The airline has suspended its international operations till Monday.
The new service by American Airlines will provide connectivity to tech hubs in both the countries.
Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in.
Here's a glimpse of all that happened around the world last week in images.
Along with IAF officials, the AAIB will also reach out to experienced private sector executives, meteorologists, and aviation psychologists to be part of the probe.
The plane, which is reported to have been a Boeing 737, was on its way to Kiev in Ukraine from Tehran. As per Iran's semi-official news agency ISNA, the crash was due to technical difficulties.
Deepika and Atanu form the mixed team and they kickstarted their training
Public sector lender Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways. The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB's petition along with its interim plea seeking a stay over the execution of the resolution plan. A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
The airline has already decided to lease out an A330 to Etihad and plans to lease out two more this year.
Sale of wide-body aircraft will not affect internatinal flights, says Jet
The Boeing 737 took off from Bole International Airport in Addis Ababa at 8.38 am.
Or else customers will face capacity shortages and high fares.
Else customers will face capacity shortages and high fares.
The plane can fly non-stop to Singapore, Doha (Qatar), Kuwait, Abu Dhabi (UAE), Riyadh (Saudi Arabia), Kuala Lumpur (Malaysia), Tehran (Iran), Salalah (Oman) and Kunming (China), among other destinations, from various Indian airports.
However, while the capacity void in the domestic market has been filled, a vacuum still remains in international connectivity, especially on the India-Europe and onwards route, which was well connected by Jet Airways via the Boeing 777, Airbus A330 aircraft and its hubs in Paris and Amsterdam.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
The Indian nationals, who did not have a condition of regular stay in the country, were deported from the Toluca City International Airport on a Boeing 747 aircraft to New Delhi.
As AI-176 landed at the Kempegowda International Airport in Bengaluru and the crew members walked to the lounge, a huge crowd of people gave a rousing reception for scripting history with the about 17-hour journey, the longest flight by the national carrier or any other airline in the country.
Key stimuli of the government's relief package will be a tax break on jet fuel, waiver of parking and landing charges at airports for the next six months and deferment of payment to oil companies by three months.
Executives of Indian airlines said that the drop is primarily for flights to major metro cities like Delhi, Mumbai, Hyderabad, Bangalore, which are the prime revenue generators on the domestic front.
Iran's president Hassan Rouhani offered his apologies and condolences.
Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.
The report, released a little over a year after the deadly crash of the Air India Express plane, said the "probable cause of the accident was the non adherence to SOP (Standard Operating Procedure) by the PF (Pilot Flying)".
The government and the ruling Bharatiya Janata Party have dismissed the Pegasus Project reports as concocted and evidence-less.
As regards India, FIIs have pumped in over Rs 34,400 crore in the Indian stocks in calendar year 2021.
Vistara has accelerated fleet expansion plan from June 2018 to earlier, open to talks with Boeing as well.
'We are going to have plane crashes left, right and centre.'
