The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
IndiGo is arguably more a financial services company than airline.
The Irish firms had sought to deregister SpiceJet.
Move will help AI Express reduce costs and increase fleet utilisation.
Civil aviation ministry to monitor flash sales and discount schemes: Source
SpiceJet strts trimming workforce.
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
The all-business-class carrier Paramount Airways is planning to increase its fleet fourfold by 2011 to 20 air planes at a time when major airlines are grounding aircraft and adopting low-cost model.
Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year.
IndiGo's ascent is not without its risks, however.
Cash-strapped Kingfisher had the best on-time performance in the last three years and low cost airline IndiGo registered the highest passenger load factor while national carrier Air India remained the worst performer on both the parameters.
Civil aviation minister Praful Patel, who held this portfolio in the first government of the United Progressive Alliance, too, has so far followed a liberal open-sky policy, sharply increasing the number of seats offered to West Asian airlines on flights connecting India. According to internal figures available with airlines, the total number of seats offered to West Asian carriers rose from 2.5 million in 2004 to 7.5 million last year.
The winning bid attracted over 99 per cent votes, with lenders overwhelmingly voting for a revival instead of recovery through liquidation.
40 executives in the middle to senior level are set to join the airline from rival IndiGo.
Ernst & Young LLP India has been appointed as transaction adviser for the strategic divestment process.
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Swamy had written to the Election Commission, the DGCA and the Civil Aviation Ministry not to grant a license to the carrier.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
Paramount Airways has ruled out buying a budget airline in India to expand operations as the company feels this would not be an attractive proposition for its business model.
Sundays are generally quiet days for air travel, but this Sunday was a tad different. There was quite an excitement at Gate 28 of Mumbai airport's Terminal 1 as Akasa Air, India's newest airline, prepared to take to the skies on Day 1. With a new fuel-efficient Boeing 737 Max aircraft and soft cushioned seats equipped with USB ports, Akasa Air hopes to bring freshness to the flying experience.
It will focus on the under-utilised airports instead of offering services in main hubs such as Mumbai and Delhi.
Both the pilots of the flight have been grounded, pending enquiry, the airline said, adding the incident took place around 1630 hrs.
Airline to deploy around 50 planes in the next seven months
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
The move is expected to give a major relief to Air India, which suffered a huge financial loss of around Rs 491 crore.
Vistara has expanded its network of agents.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
Airline wants to fly to West Asia, Southeast Asia.
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.
A new Indian airline, proposed to be launched by the Tata Group, AirAsia and another Indian investor, is likely to start operations by the fourth quarter of this year with about $50 million initial investment by the Malaysian budget carrier.
The no-frills carrier was launched in 2009. It began India operations a year later.
Board has also accepted the resignations of Marans.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
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