"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
J R D Tata's flight carrying mail between the two cities was the first by an Indian company and it opened the air link to peninsular India.
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.
Singapore Airlines has bought exclusive rights to the Rajni-starrer.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
A continuation of the highest standard by the FAA will be a relief for Indian airlines especially the Tata group which intends to increase Air India flights on India-US routes. US aviation watchdog Federal Aviation Administration (FAA) has completed the audit of India's aviation regulator DGCA. Sources said that the FAA team was satisfied with the work and changes in regulations by India and is likely to maintain a Category 1 status rating under its International Aviation Safety Assessment (IASA) programme.
Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority shareholder in India's largest airline, IndiGo. Additionally, IGE operates 21 hotels under the Ibis brand and runs a logistics company called Movin.
Singapore Airlines and Jet Airways announce that normal flight operations in and out of Mumbai would resume from Thursday.
Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal. AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd (AAIL), which is part of Malaysia's AirAsia Group. Full service carrier Air India and its low-cost subsidiary Air India Express were acquired by Talace Private Limited, a wholly-owned subsidiary of Tata Sons Private Ltd, last year. Besides, Tatas operate full service airline Vistara in a joint venture with Singapore Airlines.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
An Airbus A-380 of the Singapore Airlines (SIA) on Friday took off from Singapore for Delhi, marking the maiden flight of the superjumbo to India.
AirAsia says deal not violative of shareholder agreement.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots.
With respect to the cancelled flights, customers can opt for a full refund or alternative travel dates free of cost.
Vistara is likely to offer 148 seats in a three-class configuration in its Airbus A320s, industry sources said.
Paving the way for launch of its flights, Tata-Singapore Airlines joint venture airline Vistara was on Monday granted flying permit by aviation regulator DGCA, almost nine months after it applied for the licence.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
Vistara has a three-class configuration with business, premium economy and economy cabins.
No IndiGo flights will be available on the Mumbai-Bangkok route from March.
Vistara Chief Executive Officer Phee Teik Yeoh is expected to meet the senior management of BA over the next few days to discuss the partnership.
Apart from Delhi, Mumbai and Chennai, the codeshare agreement with Lufthansa will cover Ahmedabad, Bengaluru, Goa, Hyderabad, Kolkata, Kochi and Pune.
Giving an idea of the scale of its ambitions, the four-month-old airline recently placed an order for 50 aircraft even as the sector is struggling.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
Increases seats in the premium segment, scraps loss-making domestic flights
While four of the directors would be nominated by Tata Sons, the other two would be representatives of Singapore Airlines.
On Thursday, DGCA issued a public notice seeking suggestions and objections to the grant of permit.
Sources say the arilines has inducted a senior pilot from IndiGo to head its safety team.
Indian has introduced a Companion Fare scheme for those who are travelling to Singapore.
This is the first time that AirAsia chief has raised concerns about the dual airline strategy of the Tata group, his partner.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
With the launch of Tata AirAsia and Tata-SIA, the added capacity will bring down fares considerably, say observers.
China's state-run Sichuan Airlines has suspended all its cargo flights to India for 15 days, causing major disruption to private traders' efforts to procure the much-needed oxygen concentrators and other medical supplies from the country despite Beijing reiterating its readiness to help India to deal with the latest surge of COVID-19 cases.
Vistara has expanded its network of agents.
It will start its operations through an arrangement with Singapore Airlines.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
In its first move to significantly expand the fleet after the Tatas took over, Air India has leased 25 Airbus narrow-body aircraft and five Boeing wide-body planes. These will enter service starting December, the company said on Monday. A wide-body plane has a bigger fuel tank, allowing it to travel longer distances such as India-US routes.
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