AirAsia's Fernandes says CEO for India will be an Indian; proposed airline firm with Tata may hit ministry hurdle
The missing Malaysia Airlines plane with 239 people on board, including five Indians, crashed in remote southern Indian Ocean with no survivors and their families have been informed, Prime Minister Najib Razak announced on Monday, 17 days after the jet vanished mysteriously.
Nestl is facing its worst crisis ever. Can it learn from its peers?
Though the Mumbai and Delhi airports still rule the domestic aviation market, the share of the two in overall traffic is falling. In 2006-07, the two airports collectively handled 40.6 per cent of all domestic passengers; in 2012-13, their share fell to 37 per cent.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
Amid reports of sighting of more debris by a Russian search team, divers on Tuesday recovered two more bodies from choppy waters in the JavaSea, though there was still no trace of the crucial black box of the crashed AirAsia aircraft that crashed nine days ago.
A Chinese patrol ship searching the crashed Malaysian airliner on Saturday picked up a pulse signal from its black box detector in the southern Indian Ocean, China's official media reported, in a possible breakthrough in the nearly month-long multinational hunt for the jet.
Recruitment and import of aircraft still to get going
Dutch investigators have concluded that the aircraft was downed by Russian-made Buk surface-to-air missile.
Though there was no official word on what transpired at the meeting this afternoon, it is understood that the plans for the launch of the airline came up during the discussions.
The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
The newly discovered debris, found over the weekend, is on its way to Malaysia for further examination. The wreckage is a piece of horizontal stabilizer skin, CNN reported, quoting an unnamed US official as saying.
'The Andamans are strategic territory for India.' 'We need at least three full-length, 10,000-feet airfields here.'
The crash between a Kazakhstan Airlines Ilyushin Il-76 and a Saudia Boeing 747 over Charkhi Dadri in Haryana occurred 24 years ago.' During the lockdown, journalist Bhavya Dore reported on it from her home. Her article found a proud mention in the Bloomsburg Jealousy List 2020.
Ukraine has claimed that it has "compelling evidence" that Russian crew operated the missile system that downed a Malaysian jet with 298 people on board and accused Moscow of helping rebels in trying to destroy evidence.
India is closely following the developments regarding the Malaysian Airlines flight which went missing on Saturday morning while on its way from Kuala Lumpur to Beijing.
The United States on Friday said that it is not ruling out technical assistance from Russian personnel in operating the surface-to air missile that downed the Malaysia Airlines plane.
A Malaysia Airlines flight from Amsterdam to Kuala Lumpur crashed in eastern Ukraine on Thursday killing all the 295 people on board.
United States President Barack Obama on Friday called for an immediate ceasefire between Ukraine's Russia-backed separatists and the government there after a Malaysian passenger jet was shot down by a missile from rebel-held territory, killing 298 people on board.
Two pieces of plane debris found in Mozambique arrived in Australia, where experts will determine whether they are from the missing Malaysia Airlines Flight 370.
The Foreign Investment Promotion Board on March 6 cleared the Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons.
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
AirAsia India, whose top officials have promised to offer low and competitive airfares, would have Chennai as its hub and would focus on connecting Tier-II cities to begin with.
Tha airline launches maiden flight to Goa; will begin service to Chennai on June 19.
AirAsia recently said it would set up a 49:30:21 joint venture with the Tata Sons and Telestra Tradeplace of Indian investor Arun Bhatia to launch a new Indian airline.
Dutch investigator Wilbert Paulissen said the Joint Investigation Team had come to the conclusion that the BUK-TELAR that shot down MH17 came from 53rd Anti-aircraft Missile Brigade based in Kursk in Russia.
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
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 superstar's much-awaited film Kabali is set to release on July 22.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Air traffic controllers failed to notice for 17 minutes that the ill-fated Malaysian jet had gone off the radar and did not activate a rescue operation for nearly four hours, according to a preliminary report on the mysterious disappearance of MH370 released on Thursday.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
Multinational search teams were racing against time to locate the black box of the crashed airliner, as Malaysia revised the account of the critical final communication received from the jet.
The losses are primarily because the venture operated only for 18 days in June, with only two flights.
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities to begin with.
In a cruel twist of fate, an Australian family who lost two of their members in the MH370 crash learned on Friday that two more from their extended family were on the ill-fated Malaysian plane shot down over Ukraine.
Search operations for the missing Malaysia Airlines flight with 239 people on board was on Wednesday extended to the Andaman Sea and India's help sought as international efforts to trace the aircraft that went missing five days ago yielded no breakthrough.
Wreckage washed up on a remote Indian Ocean island is "very likely from a Boeing 777", Malaysian Prime Minister Najib Razak said on Thursday as speculation mounted it could be from MH370 that vanished mysteriously over a year ago with 239 people, including five Indians, on board.
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