The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
The three oil PSUs have told Air India that if it did not make the monthly lump sum payment, they will stop fuel supply from October 11 at six major domestic airports.
The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years.
Defence exports have grown by 334 per cent in the last five years and India is now exporting to over 75 countries due to collaborative efforts, the government said on Sunday. The Press Information Bureau (PIB) said in a tweet: "The Indian Defence sector, the second largest armed force is at the cusp of revolution." "Defence exports grew by 334 per cent in the last five years; India now exporting to over 75 countries due to collaborative efforts," it said.
India has established individual bilateral bubbles with France and the US that will allow airlines of each country in the pact to operate international flights, Civil Aviation Minister Hardeep Singh Puri said on Thursday, adding that similar arrangement with Germany and the UK will soon be permitted.
Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.
Finland's flag carrier Finnair on Friday said it will connect Helsinki with India's financial capital Mumbai with a direct flight, starting July this year. Mumbai will be the airline's second destination in India after Delhi, where it has been flying since 2006. The to-be launched flight on Mumbai-Helsinki and vice versa will be open for bookings from April 5 onward, Finnair said in a statement.
The airline had raised Rs 700 crore from the debt market through a non-convertible debenture issue and the same was up for interest payment or redemption on Thursday.
The aviation regulator is investigating the incidents and both planes, with Pratt and Whitney engines, will fly only when cleared by it, the officials said.
'With a less than comely bride and no dowry to speak of, the prospects of landing a good match look bleak, a grim, sinister and no-nonsense prospective father-in-law notwithstanding,' says Anjuli Bhargava.
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
The aircraft carrier, built at a cost of around Rs 23,000 crore, set sail on Wednesday for the crucial sea trials ahead of its planned induction into the Indian Navy by August next year.
India achieved a major milestone in its vaccination programme against COVID-19 as the cumulative vaccine doses administered in the country surpassed the 200-crore mark on Sunday.
September 2, 2022 was a historic day in the Indian Navy's history as Prime Minister Narendra Damodardas Modi commissioned India's first indigenous aircraft carrier INS Vikrant at the Cochin Shipyard in Kochi.
After a wait of more than a decade, the Indian Navy is set to receive its first set of multi-role helicopters as America is set to hand over three MH-60 Romeo helicopters to the force in the United States in July.
India and the United States have signed an agreement for cooperation in the development of Air-Launched Unmanned Aerial Vehicle (ALUAV), in yet another step to further expand bilateral defence and military cooperation.
Along with HAL, Boeing intends to involve the Mahindra Group in building Super Hornets in India.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
'The F-21's capabilities far exceed all other torpedoes currently in service.'
The missile has been developed to engage highly fortified enemy tanks in day and night conditions.
Several countries like the United Kingdom, the United Arab Emirates, Australia and Singapore have already banned travellers from India as well as other South Asian countries.
This is the fourth extension given by the government for putting in bids.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
The merits and demerits of the telcos' 5G strategy however is clearly dependent on the financial muscle of players, reports Surajeet Das Gupta.
This is the third enforcement action against a Tata Group airline in over a month.
According to Air India, the number of flights per week would be increased on routes such as Delhi-Bengaluru-Delhi, Delhi-Amritsar-Delhi, Chennai-Ahmedabad-Chennai and Chennai-Kolkata-Chennai.
'All they need is proper leadership.'
The 1,600-member crew and a slew of civilian workers were working like busy bees on Friday preparing the majestic warship IAC Vikrant for its commissioning on September 2.
All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline. In October 2020, the airline's Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of the UK's Kalrock Capital and the UAE-based entrepreneur Murari Lal Jalan. The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT).
Fuelled by rising passenger traffic and reviving local economies, the global airline industry is projected to record a net profit of $9.8 billion this year, IATA Director General Willie Walsh said on Monday and also made a strong pitch for having global standards for a Sustainable Aviation Fuel (SAF) book and claim system to help reduce carbon emissions. While addressing the Annual General Meeting of the International Air Transport Association (IATA) here, Walsh also flagged concerns about supply chain issues that are raising costs as well as limiting the ability of airlines to deploy aircraft. He also pointed out that decarbonising aviation is a serious issue and governments must not be allowed to use it to shore up exchequer finances.
A crew member tested at the temporary facility there was found positive for COVID-19, senior airline officials said.
The Afghanistan airspace on Monday was declared "uncontrolled" by the Kabul airport and transit flights have been asked to avoid it.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake.
At any time, there is a need to operationally deploy two aircraft carriers in the vast Indian Ocean, asserts Vice Admiral Premvir Das (retd).
