The government has initiated the process for inviting financial bids for the sale of national carrier Air India and the deal is likely to conclude by September, sources said. Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. The sources said that after analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India, following which investors' queries were answered.
The Tatas are rather overwhelmed with some facets of the airline they have discovered, but even more unnerved by what they may not have yet uncovered, reveals Anjuli Bhargava.
In a war situation, the policy of 'what is not mine is enemy' tends to hold sway. It is high time professional militaries took air defence seriously, notes Group Captain Murli Menon (retd).somewhat, it is high time professional militaries took Air Defence seriously, suggests Group Captain Murli Menon (retd).
The condition of over two dozen people who were admitted to the hospital in Kathmandu is said to be serious.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
The FTSE 100 is up by about 2 per cent since the start of 2015, although the index is down 6 per cent from a record high of 7,122.74 points reached in April.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
Indian aviation has deep-rooted problems that need comprehensive and coordinated solutions, and high aviation turbine fuel pricing is certainly the most urgent.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
The airline would offer access to in-flight connectivity only on Dreamliners and Airbus 321 aircraft on international routes.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
'A resurgent Jaish could be a reflection of the Pakistani security establishment's view that with the region moving ever closer to a post-US Afghanistan, it is time to redirect attention to Kashmir.'
The last date to submit bids is March 17 but the deadline could be extended if there are requests from potential bidders.
Domestic air passenger volume spiked 70.46 per cent in October to 89.85 lakh over the same month of 2020, DGCA data showed on Thursday. The Indian carriers had flown 52.71 lakh passengers in October last year. It may be recalled that domestic traffic along with international flight services remained shut for two months until May 25, 2020, when scheduled air services were resumed in a graded manner.
Taliban militants on Tuesday attacked a training camp of the Airport Security Force near Karachi international airport in Karachi, but fled after Pakistani forces repulsed the assault, a day after an all-night siege at the facility left nearly 40 people dead.
For international travel, frequent flyers look at network and Air India's global network is weak.
The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the Tribhuvan International Airport on Monday.
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
However, any progress on the deal depends upon Goyal giving up control of the company.
The average number of flights the Air India group, including subsidiaries Alliance Air and Air India Express, operates daily is 674.
Under the new norms, passengers coming from 12 'at risk' countries/regions undergo an RT-PCR test and wait for result at the airport before leaving or taking a connecting flight
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
Delhi, Mumbai, Bengaluru, Ahmedabad, Kochi, Patna and Lucknow, among others, are the cities from where flights have been cancelled.
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little, Patience, perseverance and plenty of moolah is the way forward even assuming intent is in place, says Anjuli Bhargava.
Defence Secretary Lloyd Austin on Thursday directed that the aircraft carrier USS Ronald Reagan and the ships in her strike group will remain on station in the general area to monitor the situation.
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
Zawahiri served three years as a surgeon in the Egyptian Army, but his journey from an eye surgeon to becoming a most wanted global terrorist started after he met Laden in 1986, and joined Laden as his personal advisor and physician.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.
Al Qaeda's reclusive chief Ayman al-Zawahiri, who played a central role in the 9/11 terror attacks and later created the group's regional affiliate in the Indian subcontinent, was killed in a US drone strike in Afghanistan's Kabul, in the biggest blow to the global terror network since killing of its founder Osama bin Laden in 2011 in Pakistan.
A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy.
Kamra was banned by India's largest airline for six months on Tuesday for allegedly harassing Goswami on the Mumbai-Lucknow flight. SpiceJet, GoAir and Air India also imposed a similar ban on Kamra without specifying any period.
Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Ghosh said the Tata Trusts Cancer Care Initiative is one of the largest health care programmes in the world
