Tata Sons Chairman N Chandrasekaran addressed Air India employees, acknowledging the airline's challenging phase while reaffirming the Tata Group's commitment to its long-term transformation, focusing on service quality, safety, and operational improvements.
Paramount Airways, the Madurai-based full service airline, is planning to acquire 40 more made-in-Brazil Embraer jets at a list price of $2 billion in a bid to have a pan-India presence.
'Where rostering systems are automated and duty time software interfaces directly with DGCA, the assertion that they suddenly discovered crew shortages is simply implausible.' 'If adequate crew planning hasn't materialised within 12 to 24 months from inception, how will 45 days -- from December 5 to February 12 -- suddenly resolve matters?'
'IndiGo will receive a sharp rap on the knuckles -- a punishment, a huge penalty. 'I look towards them creating a compensation fund.' 'I would like to think they would do that for all the passengers who are affected on every single day since cancellations began.'
Paramount is the only airline in India to offer full business class service at prices comparable to the normal economy class fares of other airlines. It flies to 16 destinations in the country.
One of the major concerns highlighted by the DGCA was about the fact that not all staff had completed mandatory fatigue management training.
Coimbatore-based Paramount Airlines will start operations by the first week of September, connecting Kochi and Delhi, sources said on Wednesday.
Paramount Airways aims at acquiring stakes in other airlines as part of its plans for a pan-India presence by 2011, according to its top official.
Paramount Airlines had started its operations in 2005 and was flying to southern and eastern parts of India before it wound up 2010.
Aviation regulator DGCA plans to implement measures to control excessive air ticket price increases, following concerns raised during a parliamentary panel meeting. The meeting also addressed air safety issues in light of the Ahmedabad plane crash.
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.
Paramount Airways claims to have a break even, as other Indian carriers are facing losses.
Private carrier Paramount Airways, which has a strong presence in South India, would enter the Western Indian skies by the end of this year and add 15 more aircraft to its kitty in next three years.
The DGCA report, a copy of which is with Business Standard, stated that under the Madras high court direction, an inspection was carried out by a team headed by V K Arora, deputy director general, DGCA.
Lawsuit issue was a dispute over payment, with GE Capital Aviation Services and Celestial Aviation Trading.
Chennai-based Paramount Airways is looking to acquire GoAir, the budget carrier promoted by the Wadia Group, in a cash and stock deal, a business news channel reported on Sunday quoting sources close to the development.
The airline, which currently has five Embraer jets, will take delivery of another 20 aircraft by 2010-11. The carrier would begin the hiring shortly with two more Embraer aircraft slated for delivery by the end of March.
GoAir reluctant to respond to overtures.
The airline is inducting two more 70-seater Embraer planes, which will be based in Bangalore and will be used to connect Bangalore and Chennai with Pune and Goa, and then other cities in western India.
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.
Paramount Airways, the Coimbatore-based private airline, is in an advanced stages of negotiations with aircraft manufacturers Airbus and Boeing for a $1 billion order of 15 wide-bodied aircraft. The deal is likely to be announced shortly.
Chennai-based Paramount Airways plans to expand its route network as it inducts ten aircraft in its fleet by December this year, an airline official said.
The fully business-class airline is to commence services to 35 more cities, increasing its domestic routes to 50 by the end of 2010. Delhi is one of the new planned destinations, so are Imphal, Bhubaneswar, Ranchi, Bhopal, Nagpur, Porbander and other places in Gujarat. This is in addition to the earlier announced plans of launching services to Kolkata, Guwahati and Agartala, connecting these to the south Indian cities of Chennai, Coimbatore and Kochi.
Disability rights came under the spotlight again as the country's largest airline IndiGo refused to let a teenager with special needs board its aircraft. While the twitterati as well as fellow passengers have called for strict action, IndiGo has stood by its action saying the airport manager took the decision to ensure safety of other passengers. "Throughout the check-in and boarding process, our intent of course was to carry the family. "However, at the boarding area, the teenager was visibly in panic.
Aiming at launching international services, all-business-class carrier Paramount Airways on Friday placed a $1.5 billion order for acquiring 10 Airbus A-321 aircraft with each of them costing over $900 million.
Low cost scheduled airline Paramount Airways will take to the skies in August and operate to all the secondary cities across the country, its M Thiagarajan managing director said.
The helicopter was carrying a delegation of Togolese sports officials who had earlier attended an African Nations Cup soccer qualifying game.
The DGCA has derostered the Air Traffic Controller (ATC) who was on duty at the time of the incident on Saturday, while IndiGo has initiated a probe into the matter
Thiagarajan, who had primarily restricted his aviation activities to south India, is now locating stars of fortune in western and central India for possible acquisitions
Olympic silver medallist PV Sindhu on Saturday accused an Indigo ground staff of misbehaving with her while travelling from Hyderabad to Mumbai, even as the airline rejected the celebrated shuttler's allegations.
Carriers like Indian, Jet Airways, Kingfisher Airlines and Paramount Airways, apart from a host of start-up airlines, are sewing up deals to acquire 50-70 seater aircraft for less congested routes.
The government on Tuesday said the major private domestic airlines owed over Rs 274 crore (Rs 2.74 billion) to the Airports Authority of India for availing its services.
'We emphasise the importance of not basing investment decisions solely on electoral outcomes.' 'Instead, focusing on investing in high-quality businesses capable of prospering regardless of the political landscape is paramount.'
It may hit Kingfisher, Paramount restructuring.
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