India Hospitality Corp said it would buy the Mumbai-based Mars Restaurant and airline catering company SkyGourmet Catering Private from Navis Capital Partners for $110 million.
Tata's Vistara has a very strong core team to look into daily operations.
Ajay Singh is trying hard to turnaround SpiceJet.
Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Air India, which is set to fly to Moscow from early next month, is exploring CIS destinations among the new places that it wants to expand its global operations to, an airline official said.
GoAir is believed to be mulling over bringing in a new equity partner from among three aspirants, including a leading Indian corporate and a global venture capitalist - a move that would help the Wadias- promoted airline to expand its fleet to 40 aircraft by 2012.
A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's dues -- Rs 5,000 crore as principal and Rs 1,200 crore as interest -- was payable. Mallya claims that out of the sum due, Rs 3,000 crore had already been recovered by the claimants.
British Airways became the first global carrier to provide a direct connectivity between London and Bangalore when is first flight touched down at the IT city this morning. \n
The US is not in a forgiving mood for being humiliated in such a manner by an insurgent force and made to look 'loser' internationally, predicts Ambassador M K Bhadrakumar.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
Submits new settlement offer to SBI
Jet and Etihad stand to benefit from cost savings and synergies in areas such as fleet acquisition, maintenance and training.
Getting his bruised Kingfisher Airlines ready for that auspicious occasion is the least of his worries, as Mallya is scrambling to find an equity partner to keep his Kingfisher aloft.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
Will operate in all airports except those in Hyderabad, Bangalore and Delhi
The move will help Jet Airways strengthen its subsidiary JetLite's performance.
Mahesh Bhupathi is hopeful of meeting Leander Paes in the doubles final of the Mumbai Open.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The chief operating officer said that the carrier will surmount the present crisis very soon.
The national carrier has drawn a blueprint to cut the number of recognised unions in the airline from 15 to two -- one for pilots and another for the rest of the employees.
Tigerair has announced few free tickets for Singapore flights
No Indian firm could make the cut.
SpiceJet had last year announced a $4.4-bn deal for 42 Boeing 737 Max.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
The International Cricket Council (ICC) said it was preparing to fly teams participating in the Twenty20 World Cup starting next week directly from Dubai to the West Indies.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.
Australian airline Qantas has hailed the troubled outsourcing partner Mahindra Satyam stating that it maintained its level of service even during the tumultuous period.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
Air India is the official airline partner for the mega sporting event starting in Delhi from October 3. A passenger can avail of these two short-term promotional schemes between October 1 and November 14, Air India said.
Passengers travelling to the United States will now be subjected to physical pat-downs as authorities announced fresh set of security measures following an unsuccessful attempt by a Nigerian to blow up a US plane midair.
Sponsors also worry that organisers have not told them what contingency plans there are in case the pandemic derails the Games again this year.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
