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The airline, which posted an annual loss of Rs 191 crore (Rs 1.91 billion) for the past financial year, has been looking to raise funds for months.
Likely to rake up the issue of open offer exemption.
A person in the know of the PIM details said an entity can put in bid for Air India on the "strength of its parent", which was not there before. A consortium can participate in the disinvestment process, provided each partner has at least 10 per cent stake as well as 10 per cent of the Rs 3,500 crore net worth requirement, according to the bid document. The lead member of a consortium should have at least 26 per cent stake. Individuals are allowed to bid as part of consortium.
Experts expect a net loss of Rs 26.7 billion for IndiGo and Rs 10.1 billion for SpiceJet in Q1FY21 driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs.
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
Vistara started allowing passengers to book an extra seat from Tuesday. IndiGo and SpiceJet, too, are in the final stages of designing such a product to be sold as an add-on.
Jazeera Airways started flying to India 18 months ago, servicing Ahmadabad, Delhi, Hyderabad, Kochi and Mumbai.
'I am seven months into the job, but it feels like seven years.'
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
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.
According to the bid document, as part of the strategic disinvestment Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS. The management control of the airline would also be transferred to the successful bidder.
Move aims to comply with Sebi's norm
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
The company has charted out a three step process in achieving the target
The issues include not getting refunds on airline and hotel bookings, getting charged a service fee even if airlines have waived cancellation charges and so on. Complaints are piling up on Twitter, Facebook and other social media channels as more and more people cancel their travel plans due to the ongoing Covid-19 pandemic.
Air fares to go up as ATF price is hiked by 8.2%.
As part of cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts
Country's largest airline has set up a centralised unit to minimise disruptions.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
With the FIPB giving approval to the Tata-Singapore Airlines joint venture to start a full-service carrier, Tata Group Chairman Emeritus Ratan Tata on Friday met Commerce and Industry Minister Anand Sharma.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
Amber Dubey explains why India needs to stop blocking competition if it ever wants to become the top aviation market.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
Corporate clients form more than half of the business for most branded hotels, especially in cities.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
Pilots represented by union Vereinigung Cockpit were holding a strike at Munich airport, Lufthansa's second biggest airport after Frankfurt, from 0800-1600 GMT on Wednesday.
There could be rejig at top level at SpiceJet.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
JP Morgan may buy stake in debt -laden SpiceJet
Asian and Middle Eastern airlines -- but no Indian names -- dominated the Top 10 slots at the World Airline Awards.
Rescuers on Sunday recovered another body and a fifth large object belonging to the doomed AirAsia jet in the JavaSea as they continued to scour the choppy waters for the eighth day.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
Two major airlines are considering joining four start-ups to provide all business class flights at a fraction of the cost that the regular airlines charge for business and first class with private arrival and departure lounges.
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