The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Earlier, the JV company got a go-ahead from the Foreign Investment Promotion Board in October 2013 and was awaiting AOP for launching a full-service carrier.
A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.
German carrier Lufthansa wants to fly its superjumbo A-380s to India and is studying the pros and cons of when and which Indian city to operate from, top airline officials said on Tuesday.
FIA has filed two separate petitions challenging the approvals granted to Tata-Airasia and Tata-SIA Airlines deals respectively.
The team would be questioning Abdul Lateef, Dilip Bhuel and Yousuf Nepali.
The Delhi High Court on Wednesday allowed a plea to implead DGCA as a party to a PIL seeking quashing of approvals being granted by the Centre to operationalise the $30 million deal between Tata Sons and Malaysia-based AirAsia.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
All airports and air carriers are being informed to be ready for operations from May 25. SOPs for passenger movement are also being separately issued by the ministry of civil aviation.
Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.
About a week ago, DGCA officials conducted surprise checks and grounded a Reliance Industries-owned 14-seater Falcon 900EX.
A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw posted the matter for hearing on Friday.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
Reddy, who represents Andhra Pradesh's Anantapur seat in the Lok Sabha, reported late for the flight and therefore, was not allowed to board it, a source said.
'JRD Tata was a visionary who established civil aviation in India'.
Besides the major metros, the proposed airline would also connect Srinagar, Patna, Chandigarh and Jammu.
Government officials favoured compulsory biometric identification but said it did not happen because of the Supreme Court judgment on Aadhaar
Shiv Sena MP Ravindra Gaikwad refuses to apologise.
A 61-year-old Indian national has been arrested in the United States on charges of sexually assaulting a fellow woman passenger aboard a domestic flight.
In his order last week, Civil Aviation Secretary K N Srivastava ruled the meanings of transaction fee, commission or convenience fee were the same -- payment of remuneration to an intermediary.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
India's aviation safety ratings have been downgraded by the Federal Aviation Administration (FAA) from the top to the second category, which would affect expansion of flights by Indian carriers to the United States.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Asserting that it was a small conflict, Gaikwad said the staff member of the airline is mad and around eight such cases of indulging in a brawl have been registered against him.
While the plane was in the air, the woman fell asleep. She woke up to find Kunam sexually touching her.
United, American snap code share deals, in compliance with US regulator's ruling
'The ongoing presence of extremist/militant elements operating in Pakistan poses a continued risk to US civil aviation from small-arms fire, complex attacks against airports, indirect weapons fire, and anti-aircraft fire, any of which could occur with little or no warning'
An Indian techie has been sentenced to nine months of imprisonment on charges of sexually assaulting an American woman during a flight, and faces deportation to India after serving his sentence.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
The report came amid speculation on social media that JeM founder has died.
Indian carriers are expected to double their fleet size by 2020 to 1,000 aircraft by 2020, promising a huge opportunity for the maintenance, repair and overhaul business.
Shiv Sena MP Arvind Sawant said, "All airlines have come together banning him (Gaikwad), but it is our fundamental right (to travel by air)."
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
The The Airports Authority of India is likely to procure two counter-drone systems worth Rs 9.9 crore in 2022-23, according to an official document.
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.
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