Second deal in 4 months after tie-up with RIL for cargo airlines.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
After excluding the shares they have pledged, the promoters hold a meagre 3.55 per cent in the crisis-ridden airline.
Charters, Udan flights choking Mumbai airport; MIAL may shift general aviation to Navi Mumbai once the airport is ready
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.
Commenting on the Air Deccan overtaking Indian Airlines for the number two slot, an Indian Airlines executive claimed that it was still maintaining the lead over Air Deccan.
Their success formula was to enter the business at the right time and exit at the opportune moment.
The US Federal Aviation Administration has yet to certify Epic's planes. The company manufactures private business jets with single and twin engines, capable of carrying six to seven people.
Airfares of most major airlines will go up by Rs 150 per sector from Friday, as the carriers plan to levy a traffic congestion surcharge.
He came to do one job but finds himself doing another. He came to work with a certain set of people and finds himself working with quite another. That's the piquant situation in which Ramki Sundaram, the 38-year-old officiating chief executive officer of SimpliFly Deccan finds himself today.
Earlier this year, Kingfisher Airlines had acquired 26 per cent stake in low-cost carrier Deccan Aviation for Rs 550 crore (Rs 5.5 billion). The company also made an open offer for another 20 per cent stake in Deccan Aviation. The open offer was oversubscribed. It received bids for 35 million equity shares against the issue size of 27 million shares.
Air Deccan is offering 2,00,000 tickets priced at Rs 2 each.
Kingfisher will be permitted to fly abroad this year, following its acquisition of Air Deccan. Since Air Deccan will be eligible for the international arena this August, Kingfisher too will enjoy this right.
Air Deccan is offering for 300,000 tickets priced at Rs 9 each.
Air Deccan is offering for 300,000 tickets priced at Rs 6 each.
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Liquor baron Vijay Mallya, who acquired 26 per cent stake in the country's largest budget carrier, Air Deccan, for Rs 550 crore (Rs 5.5 billion) on May 31, is still in high spirits.
Kingfisher Airlines will operate international flights between Bangalore and San Francisco, Bangalore-New York and Mumbai-London flights from August this year.
Air Deccan is offering for 300,000 tickets priced at Rs 3 each as part of its third anniversary celebrations
India's aviation industry is not moving towards profitability any time soon
Modi's 'UDAN' project faces fund crunch as too many airlines have come on board
Sri Lanka will permit three domestic airlines to launch flights to India before they are allowed to operate on other international routes, the Civil Aviation Authority said on Tuesday.
Beginning March 1, Air Beginning March 1, Air Deccan will introduce an additional flight between Chennai and Mumbai.\n
'Corruption is the biggest problem confronting us. We need to bring about an urgent change in our way of life and also in the political scenario,' says Captain Gopinath, founder of India's first low-cost airline Air Deccan who recently joined the Aam Aadmi Party, in our ongoing series celebrating the India we love.
Deccan Airways is all set to introduce its New Delhi-Jabalpur service from December 15.
An overriding ambition to rule the domestic skies prevented Jet Airways from becoming a strong and formidable player in the international market. The Sahara buy added to the complexity of its operations and a dilution of what the airline stood for, says Anjuli Bhargava.
Airfares may be in for an upswing. Thanks to Vijay Mallya-promoted Kingfisher Airlines acquiring 26 per cent stake in country's largest and first budget carrier Air Deccan.
After declaring that it would do whatever it takes to cut flab, Kingfisher Airlines has now said it will not retrench cabin staff.
National Aviation Company, the name of the proposed merged entity of Air India and Indian Airlines, plans to launch a value carrier to take on the challenge from JetLite and Air Deccan.
Jet's supremacy has now been challenged by a nimble and aggressive Kingfisher which, in just two years and following Mallya's buyout of Air Deccan, is commanding the same market share as Jet Airways and Jetlite.
With SpiceJet and Simplifly Deccan all set to give away similar throw-away offers and GoAir looking for similar tie-ups with travel portals, air travellers can expect around 25,000 such cheap-fare tickets on offer up to April 15.
