Chief executive Giorgio de Roni explains to Business Standard the merit of GoAir's cautious approach.
Alleging some "motives" behind the series of developments at the carrier, Jet Airways Officers & Staff Association president Kiran Pawaskar demanded a probe, preferably by CBI.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
ED has approached the MEA seeking initiation of deportation proceedings against liquor baron Mallya
Commercial aviation is safe because the crew is paid well and trained extensively for contingencies
Most of them had to wind up operations due to high operating cost, expensive fuel and longer than expected gestation period.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
The court order could put SpiceJet's revival plan under stress.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
The government is keeping its options open.
Mumbai-based Naveen Sreepada aims his camera to capture the vagrant wildlife in motion.
.jpg)
According to data reviewed by Business Standard, the dues from UB Holdings alone to USL shot up by 4.3 times to Rs 1,188 crore (Rs 11.88 billion) by the end of the last financial year, compared to an outstanding of Rs 272 crore (Rs 2.72 billion) by the end of FY12.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
Go firefly spotting, enjoy a beach vacation or pay a visit to the menstruating goddess in Assam this month.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
Say their aggregate borrowings were "well within the norms"
After allowing FDI by foreign carriers in their Indian counterparts, the government has put in place provisions to prevent Indian airlines from being controlled and managed by the foreign investor.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
India's investigating agencies have in the past made a lot of noise about probes that resulted in few convictions
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
A coconut octopus, a burning forest, a rare rhino's last moments and a pair of sleeping squirrels all feature in the shortlist for the Natural History Museum's Wildlife Photographer of the Year 2020 People's Choice Award. This year's competition attracted more than 50,000 entries from professionals and amateurs across the world. Voting for the The People's Choice Award is open until 2 pm February 2.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Several changes have been carried out in the existing rules or Civil Aviation Requirements, including one which clearly states that a passenger airline 'shall not enter into an agreement with a foreign investing institution or a foreign airline, which may give such foreign investing institution or foreign airlines or others on behalf of them, the right to control the management of the domestic operator.'
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
As his personal wealth started booming, Mallya went on a buying spree.
Competition promotes innovation in the business model, creating sustainable value.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
The inaugural flight took off in the presence of Minister of State for Civil Aviation, Mahesh Sharma, along with a number of other people.
Though the Mumbai and Delhi airports still rule the domestic aviation market, the share of the two in overall traffic is falling. In 2006-07, the two airports collectively handled 40.6 per cent of all domestic passengers; in 2012-13, their share fell to 37 per cent.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances