The merger of Air India and Indian will move from the boardroom to the skies on August 1, with the launch of first non-stop flight of the combined entity to the US.
The government on Wednesday decided to put a 49 per cent cap on foreign direct investment in the modernisation of Mumbai and Delhi airports and extended the last date for putting in expression of interest to July 20.
The government on Thursday said state-owned carrier Air-India would raise funds through loan guaranteed by the US Exim Bank to part-finance its purchase of 68 aircraft costing about $7.2 billion.
The proposed merger of Air India and Indian would be taken up on a 'fast-track' and a consultant is likely to be appointed soon to prepare a roadmap to decide on the issue, including the public issue, Civil Aviation Minister Praful Patel said.
The government on Monday said in the Rajya Sabha that the Request for Proposal document for modernisation and restructuring of Delhi and Mumbai airports empowered it to make changes in conditions of the bid process at any stage.
The airport employees have called off their three-and-a-half-day old strike following a meeting with Civil Aviation Minister Praful Patel on Saturday.
Leading private airline Jet Airways tops the list of defaulters among private carriers and owes Rs 2,437.90 lakh (Rs 24.38 million) to the government, the Lok Sabha was informed on Thursday.
Bharti Group, which has bid for modernisation of the Delhi airport, would consider taking up similar jobs for other non-metro airports if it wins the bid, its chief Sunil Mittal said on Tuesday.
The government on Thursday said the issue of an initial public offering of Air-India and Indian Airlines was at a preliminary stage of discussion.
Public sector carriers Air India and Indian Airlines are preparing for their initial public offers by the next fiscal to fund their fleet acquisition programmes and enhance debt-equity ratio.
A Boeing support team has arrived to help Air-India in the induction of a Boeing 777 jet into the fleet, even as the airline board is expected to take a final decision on the acquisition of a 50 aircraft fleet next month.
Air-India has been making profit during the last three years though the provisional results for the fiscal 2003-04 show a dip of nearly Rs 28 crore as compared to the previous financial year, the Lok Sabha was informed on Friday.
Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.
The government had provided some relief to domestic airlines when ATF prices had sky-rocketed, Patel said, adding 'it would not be possible now.'MIAl has proposed that it may be allowed to levy Rs 350 per domestic passenger and Rs 1,300 per international passenger to meet its funding requirements.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
Take a look at the inside pictures of the party.
A Supreme Court bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said like the Indian Cricket Board, AIFF can also be asked to frame an amended constitution incorporating the suggestions of the Delhi high court.
The Delhi high court on Tuesday set aside the election of Praful Patel, who was last year elected as the president of All India Football Federation for a four-year term, his third successive tenure.
Two weeks' time given to CBI for filing a fresh status report.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
A bill to award death penalty to hijackers and give the right to security forces to shoot down an aircraft which may be used as a missile is likely to be brought in Parliament in the next session.
Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?
The King Air C90 12-seater aircraft had taken off from the Juhu airstrip on a test flight.
He was appointed the national capital's LG in December, 2016.
'DGCA cares a damn for human life.'
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, explains T N Ninan.
Former Director General and CEO of IATA, Giovanni Bisignani, says Jet Airways chief Naresh Goyal developed his airline's business class mock-ups in utter secrecy inside the garage of his London home.
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
It's possible that to counter the onslaught of the saffron aggression in the upcoming assembly elections in Maharashtra, both Congress and NCP will checkmate Narendra Modi by pitting Sharad Pawar as the chief ministerial candidate. However, the Congress wants the NCP to merge first, and only then it will be ready to nominate Pawar. Sheela Bhatt reports.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Air India's decision to buy five Boeing 787-9 is illogical.
The project is awaiting clearances from the DGCA.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
