Under the new policy, external advice would be sought for related party transactions that are worth over Rs 2 crore and bidding process would be mandatory for any such contract.
Spicejet receives maximum complaints regarding refunds
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
The Aircraft Acquisition Committee of the civil aviation ministry, which approved the IndiGo request in principle, also gave similar approval to a proposal of the Chennai-based business class airline Paramount Airways to acquire 10 aircraft from the Canadian aircraft manufacturer Bombardier and European ATR, official sources said.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
IndiGo gained a market share of 14.7 per cent, closely followed by Kingfisher Red at 13.3 per cent whereas Kingfisher slipped two notches to the fifth position at 11.6 per cent. Kingfisher stood at No.3 in October, followed by Kingfisher Red and IndiGo at fourth and fifth, respectively.
Calculations based on the latest marketshare figures released by the ministry of civil aviation show that while a merger with GoAir or its acquisition would give SpiceJet a marketshare of 15 per cent, a merger with IndiGo would give it a hold over more than a quarter of the market. SpiceJet's current market share stands at 12 per cent.
The first Indian civil aviation minister to fly for a commercial airline -- Rajiv Gandhi has been the only prime minister to do so -- Rudy started his job with IndiGo from January 4.
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.
The police detained a couple after they mentioned about "a bomb in the bag" -- which turned out to be a false alarm -- during security check at Goa's Dabolim International Airport, delaying the flight they were to board by almost 90 minutes, an official said on Wednesday.
During the January-July period, passenger growth jumped 21.13 per cent to 455.78 lakh.
Indian airlines flew over 4.5 per cent more passengers in the 11 months of this year compared to the same period last year, with IndiGo retaining its top position in market share.
IndiGo will add Nagpur to its flight map from October 20 with daily flight to Mumbai and Kolkata.
In a major relief for pilots in dealing with fatigue, aviation watchdog DGCA on Monday came out with revised norms that increase their weekly rest time to 48 hours and limit the number of landings to two during night operations. The Directorate General of Civil Aviation (DGCA) has also extended the night hours for pilots and now, it covers the period from 0000-0600 hours whereas it was 0000-0500 hours earlier. Besides, all airlines have to compulsorily submit quarterly fatigue reports, which "should follow a follow a non-punitive and confidentiality policy".
The flights between Dubai and New Delhi will begin in September and those connecting Mumbai a month later.
Low cost start-up carrier IndiGo is set to take off in August and the carrier aims to break even within 18 months of its flights being operational.
Indian carriers transported 12.8 million domestic passengers in March 2023, a year-on-year growth of 21.41 per cent. India's largest carrier IndiGo shored up its domestic market share from 53.8 per cent in Q4 of FY22 to 55.7 per cent in Q4 of FY23, according to the Directorate General of Civil Aviation (DGCA) data released on Monday.
'I hope they all survive, but it is a tough world.' 'The carriers who are already established are already struggling.'
In a bid to cash in on upcoming summer holiday season, low-cost carriers SpiceJet and IndiGo on Tuesday launched the fourth round of price war in the bleeding aviation sector, offering massive discounts on tickets.
Sources say the arilines has inducted a senior pilot from IndiGo to head its safety team.
Normal flight services at Manipur's Imphal International Airport were affected on Sunday afternoon over sighting of an unidentified flying object (UFO), officials said.
The fare war triggered by the entry of AirAsia into the domestic market continues as the budget carrier IndiGo has launched another round of promotional fares, starting at Rs 1,724 (all inclusive) for a limited period.
Ghosh said the Tata Trusts Cancer Care Initiative is one of the largest health care programmes in the world
Low-cost carrier IndiGo on Wednesday said it will add 14 new Airbus A320 aircraft in its existing fleet of 38 in 2011-12 as it gets ready to launch its international operations in August-September.
Low-cost airline IndiGo on Tuesday said it has no plans to take on-board an overseas partner to expand its business.
Last year, air traffic grew by 9.7%.
ir India provided facilities such as refreshments, refunds.
India's third largest carmaker, Tata Engineering and Locomotive, launched a sedan version of its lone car model on Wednesday and priced it below its competitors in a bid to grab market share.
The Congress on Thursday claimed its leader Pawan Khera was deplaned from a flight to Raipur, where he was going to attend the party's plenary session.
The much-awaited offer is also seen as a test case for revival of big-ticket sales in the primary market.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
Bansals of e-commerce company Flipkart and Aditya Ghosh of low-cost carrier Indigo have made into Fortune's young achievers list for their initiatives in creating job opportunities.
There have been so many cars that have been launched in India and if you are looking to buy one, then it might be quite confusing to pick the right one.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
The average fares charged by Jet Airways and its low-cost carrier arm Jet Konnect were higher than the average industry fares on almost all routes, according to a monthly internal analysis for July by the Directorate General of Civil Aviation (DGCA).
Against the backdrop of a significant number of flights getting delayed and cancelled and passengers facing tough times, the regulator has come out with a set of Standard Operating Procedures (SOPs).
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
