Bank chiefs have been quoted as saying that Kingfisher would need to arrange fresh equity of Rs 1,000-2,000 crore (Rs 10-20 billion) before seeking additional funds from the consortium of banks, led by the State Bank of India.
The proceeds of the IPO are expected to be ploughed into activities like expanding the fleet of the airline, which was earlier merged with its sister carrier Indian.
Manika Batra has lost her baggage containing sports equipment, while returning home from a tournament in Peru
Earlier in the day, an IndiGo A320 passenger aircraft landed successfully at 1.32 pm at runway 08/26 of the under-construction Navi Mumbai International Airport, paving the way for the Navi Mumbai International Airport Ltd (NMIAL) to seek an aerodrome licence from the aviation safety regulator Directorate General of Civil Aviation (DGCA) to start commercial flight services.
The airport, being developed by the Adani Group, is expected to start commercial operations early next year.
The airline is expected to submit a fresh flight schedule to the DGCA.
"They (opposition parties) are not concerned about the development of the children of the country's poor. Their common minimum programme is to increase corruption for their family. Democracy means 'of the people, by the people, for the people'. But these dynastic parties have the mantra of 'of the family, by the family, for the family'. For them, their family is first, and the nation is nothing," he said.
The airline, which declared a partial lockout on Tuesday, has said it will start flying again from October 5.
There was no loud noise of anything breaking when the rods of a portion of a roof collapsed at the Delhi airport's Terminal-1, Krishna Kumar, a cab driver who was at the site of the incident, said on Friday.
Former Civil Aviation Minister and Bharatiya Janata Party (BJP) national spokesman Rajiv Pratap Rudy has been hired as a co-pilot with Delhi-based private airline IndiGo Airlines on an honorary basis.
Ghulam Nabi Azad resigned from all positions in the Congress, including its primary membership, by describing former Congress president Rahul Gandhi as "immature" and "childish" and accusing the leadership of "foisting a non-serious individual" at the helm of the party.
For the first time since the merger of the two national carriers, Air India's losses have started to show a declining trend, with Civil Aviation Minister Praful Patel saying that the "worst is over".
Shiv Sena-Uddhav Balasaheb Thackeray leader Priyanka Chaturvedi on Wednesday took potshots at the rival Shiv Sena over its minister not finding a place in the reconstituted NITI Aayog.
Civil aviation authorities have asked all private airlines to withdraw the congestion surcharge of Rs 150 imposed per passenger, Rajya Sabha was informed on Tuesday.
Among the new entrants to the Union cabinet, former Madhya Pradesh chief minister Shivraj Singh Chouhan has been given the agriculture and rural development portfolios, Bharatiya Janata Party president J P Nadda the health portfolio and former Haryana chief minister Manohar Lal Khattar the power portfolio.
Government is considering setting up an airport economic regulatory authority to deal with tariff and service standards at airports, Civil Aviation Minister Praful Patel informed the Rajya Sabha on Tuesday.
In an advisory, DGCA said there are provisions under the civil aviation requirement for action to be taken by the airline to deal with unruly passengers.
After a rap from the aviation regulator for neglecting safety issues, Kingfisher Airlines on Monday submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified.
Strengthening the Indian Airlines and Air-India and putting in place a comprehensive civil aviation policy would be accorded top priority by the new government, Union Civil Aviation minister Praful Patel said on Monday.
The panel will be asked to give report by March-April next year.
Ailing Kingfisher Airlines will have to satisfy aviation regulator DGCA about safe flight operations and also make sure that its employees are not disgruntled before it resumes its services, Civil AviationMinister Ajit Singh said.
Ravinder Kumar was sleeping after finishing his night shift Friday morning when a call from Indira Gandhi International Airport Police Station turned his life upside down.
Meanwhile, the civil aviation ministry has announced the appointment of a task force, lead arrangers and consultants for the development of 35 non-metro airports in a phased manner at a cost of Rs 5,500 crore.
In a series of tweets, Civil Aviation Minister Suresh Prabhu said Friday that all airlines must immediately respond to the concerns of passengers affected by Cyclone Fani.
In a written reply to Rajya Sabha, Civil Aviation Minister Praful Patel has said that the country may need about 5,000 pilots in the next five years. The sector has started relying on expat pilots, whose current strength stands at 944. The civil aviation industry in the country is facing a shortage of type rated pilots. Patel said to bridge the gap between demand and domestic supply of pilots, govt has decided to establish a flying training institute at Gondia, Maharashtra.
Giving a push to aviation infrastructure development, government is planning to build 10-15 greenfield airports and modernising 50 others in the non-metro cities over the next few years.
Govt to review decision after demand assessment.
This was in response to the assertion of some officials of the finance ministry and the Department of Industrial Policy & Promotion that a strategically placed comma in DIPP's press note on FDI in civil aviation meant foreign airlines were allowed to hold up to 49 per cent stake in existing Indian carriers, as well as new airline companies being set up.
The addition of new flights at airports will now be based on passenger-handling capacity at security checkpoints, according to the Bureau of Civil Aviation Security (BCAS). The civil aviation security regulator issued directions in this regard on May 22 in a move to reduce congestion and delays inside airport terminals. Following this, airports will have to check passenger-handling capacity at security checkpoints before allotting slots.
Around 1,000 passenger complaints have been received against Air India during the last three months related to various issues, including refund of fares, overbooking of flights, and staff behaviour, Minister of State for Civil Aviation V K Singh said on Monday. The Tata Group on January 27 took control of Air India after winning the bid for the airline on October 8 last year. "Ministry of Civil Aviation has been receiving grievances related to air transport, including Air India, on the various issues such as refund of fares, flight issues, staff behaviour, baggage issues, overbooking of flights, etc," Singh said in his written reply to a question in Rajya Sabha.
Being touted as a competitor to the country's busiest Delhi airport -- which handles approximately 1,200 flights a day -- the Noida airport was expected to start flight operations by the end of this year. But supply-chain disruption, caused by pandemic and subsequent global upheaval, has hit the pace of construction at the airport which is coming up in the Jewar area of UP's Gautam Budh Nagar, some 75-km from the Delhi airport.
The negotiations will be held in Mumbai on Tueday at the International Civil Aviation Negotiations Conference which will be inaugurated by President Pratibha Patil.
On Monday, the ministry withdrew foreign traffic rights it had granted to Kingfisher Airlines.
Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.
While a demand for allocation of Rs. 2,000 crore has already been made, sources said provision for Rs. 1,200 crore worth of equity could be made in the Budget.
It took 13 years to get environmental clearance for the greenfield international airport at Navi Mumbai.
The understanding was reached on Monday.
A revolt by 22 MLAs had led to the collapse of the Kamal Nath-led Congress government in March 2020.
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