Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
'We are feeling helpless and want to be with our families.'
While questions may arise over the sheer dominance of a single corporate group in running airports in the country, it pretty much fits into the government's plan to get out of this space and earn revenue without working for it.
The civil aviation ministry had last week suspended all flights between the European country and India from December 23 to December 31 as a mutated variant of the coronavirus was detected there.
Singapore Airlines has given new brand names to two carriers it controls - SilkAir (short-haul) and Scoot (low-cost, long-haul.
In a rare move, the DGCA has filed a police complaint against 34 pilots of Jet Airways, IndiGo, SpiceJet and GoAir.
The GST rate is 5 per cent and 12 per cent on economy and business class tickets, respectively
A Delhi court on Saturday sent Shankar Mishra, accused of urinating on a woman co-passenger on an Air India flight, to judicial remand for 14 days while rejecting a plea by police for his custody.
Rainbow-themed badge adorns US training facility
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
China on Friday announced sanctions on US House Speaker Nancy Pelosi and her immediate family members for her visit to Taiwan this week, disregarding the strident warnings from Beijing, asserting that it violated China's sovereignty and the "One China policy".
China has completed its new mega airport in Beijing after four years of construction, three months ahead of its planned grand opening. Measuring at 1.03 million square metres -- about the size of 144 football pitches -- the Beijing Daxing International Airport will be the world's largest airport terminal, according to Xinhua News. Here's a peak at the gargantuan structure.
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.
The GVK Group-run MIAL issued a notice to the airline on Thursday.
Slots, parking bays unavailable at major airports
Government officials favoured compulsory biometric identification but said it did not happen because of the Supreme Court judgment on Aadhaar
There have been recent reports about certain business groups or even the government of Kerala planning to launch airlines to operate on international sectors.
New Delhi, Mumbai and Hyderabad airports are among world's best.
The P-8I, which is widely acknowledged to be the world's most deadly LRMR-ASW aircraft, is a derivative of the Boeing 737-800 airliner, onto which a plethora of sensors and weaponry has been fitted.
AirAsia may breakeven by June this year.
Low-cost carrier SpiceJet Airlines, promoted by a group of investors led by the Kansagra family and Delhi-based Ajay Singh, is working on a plan to start international operations next year, making it the third private Indian carrier after Jet Airways and Kingfisher to fly overseas.
AirAsia says deal not violative of shareholder agreement.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
No-frills carrier IndiGo has expressed interest to buy Air India
Overbooking by an airline cannot be done ignoring the sense of duty or liability towards passengers with confirmed tickets, the national commission ruled.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
'The government has assured us support.' 'The civil aviation ministry have told us that whatever we need, we will get prime airport slots and bilateral rights.'
While the Indian Institute of Technology (IIT) Kanpur may have attracted among the highest donations by an individual (former student and IndiGo Airlines co-founder Rakesh Gangwal) at Rs 100 crore last week, IITs have largely seen such contributions rise over recent years, despite the Covid pandemic. According to Mahesh Panchagnula, dean, Alumni and Corporate Relations, IIT Madras, in the last five years, the premier institute has raised more than Rs 135 crore under the endowment category of education alone. Despite the pandemic, there has been an increasing trend in endowment funding received at IIT Madras, with an average increase of about 20 per cent year-on-year across the last five years.
An inquiry has been initiated by Directorate General of Central Excise Intelligence officials against these airlines.
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
To cement India's position as a preferred global outsourcing destination, the government on Wednesday liberalised guidelines for voice-based BPOs removing the distinction between domestic and international units as well as permitting interconnectivity between all types of OSP centres. Broadly, the rules would allow global companies, say an airline, with a voice-based centre in India to now serve global and domestic customers with common telecom resources, something that required dedicated, separate infrastructure previously. Moreover, the restrictions on data interconnectivity between any BPO (business process outsourcing) centre of the same company, a group company or any unrelated company has been done away with, allowing for massive flexibility in resource management for BPO operations.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The debt-laden Kingfisher Airlines stopped operations in October 2012.
This doctor couple put their faith in India. And in return India has put faith in them.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
Tony Fernandes said the aviation sector here was a "double marathon" and not a "sprint".
No-frills carrier AirAsia India on Monday offered rock-bottom fares, starting at as low as Rs 1,299 for domestic flights, as part of the parent AirAsia's global sale offer for a limited period.
