To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
Singapore Airlines General Manager in India C W Foo said India was one of the top five markets across the world for the carrier and it would not allow short term fluctuations to affect its long term strategies in India. Foo said the carrier was looking at increasing its frequencies from Bangalore, New Delhi and Chennai as these routes have dense traffic.
This is the first time an airline has made such a request to the ministry after the Tata-Singapore Airlines deal fell through in 2001 (Singapore Airlines was to have a 49 per cent share in the joint venture). The Indian government does not allow direct or indirect investments in domestic airlines, a move that was meant to protect domestic carriers. Mallya's request marks a sharp change from domestic players' stand.
Emirates has been voted as the world's best airline in 2016 by travellers around the world.
Indian carrier Vistara on Monday announced voluntary retirement scheme (VRS) and voluntary separation scheme (VSS) for its permanent ground staff ahead of its merger with Air India, which had announced similar plans for its non-flying permanent staff two weeks ago.
Tata Sons on Thursday announced the appointment of Campbell Wilson as chief executive officer and managing director of Air India. Wilson is the founding CEO of low-cost airline Scoot.
The spot airfares on major routes, where Vistara cancelled flights on Tuesday, have surged by up to 38 per cent, according to data provided by Cleartrip. The spot airfares for Tuesday were compared with March 5. Vistara has cancelled 52 flights on routes such as Delhi-Indore, Delhi-Srinagar, Mumbai-Kochi, and Bengaluru-Udaipur as a certain section of pilots went on sick leave, reportedly protesting against the new salary structure that was introduced as part of the airline's merger with Air India.
Announcing this on Monday, Foo Chai Woo, general manager-India, Singapore Airlines, said, "New flight additions will take our airline frequency to Bangalore to 10 flights a week. New flights to be operated will be the day-light (morning) flights.
Singapore Airlines is recruiting Flight Stewards.
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.
The Singapore Airlines agreed to fly the stranded passengers to India, as there is no scheduled Air India flight for Thursday.
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace. Vistara and Air India are the two full-service carriers that are part of the Tata Group, and Singapore Airlines holds a 49 per cent stake in Vistara.
In 2010, Ratan Tata had spoken of how he had to abandon plans to launch an airline because he refused to pay bribes to secure the necessary approvals.
It is bonanza time for international travellers yet again, with foreign carriers like Singapore Airlines, British Airways and Cathay Pacific cutting fares almost 50 per cent.
Starting the process of incorporating a new company for its proposed aviation venture with Singapore Airlines, Tata group has sought to register this entity as 'Tata SIA Airlines Limited'.
The home ministry has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of the airline, according to a senior official. The appointment of Wilson as the chief executive officer and managing director of Air India was announced by Tata Sons on May 12. Tata Sons took over the loss-making carrier on January 27.
Scholarships, sports and spirit define Phee Teik Yeoh, the new CEO of Vistara in India
So far this week, more than 90 flights have received bomb threats and most of them have turned out to be hoaxes.
Describing their situation akin to "bonded labour", two Air India pilot unions extended their support to Vistara pilots on Thursday, who have raised grievances regarding the duty roster and the revised salary structure. Amid the slew of flight cancellations and delays, Vistara chief executive officer Vinod Kannan acknowledged on Wednesday that pilot utilisation in the airline was high, and announced plans to scale back its flight schedule and overhaul the rostering system to provide pilots with more rest time.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Singapore Airlines' budget arm Tigerair on Monday announced one-way all-inclusive special fares for Singapore-bound passengers, starting from Rs 5,999 from its six destinations in the country.
As many as 19 flights have received bomb threats in three days and a Riyadh-bound IndiGo flight was diverted to Muscat due to the threat, according to officials.
The new services will be using the Boeing 777-200 aircraft with a three-class configuration -- 12 First, 42 Business and 234 Economy class seats. On ground, the Singapore Airlines India customers can avail of its e-ticket services.
This isn't the first instance of Vistara facing scrutiny from the regulator over improper pilot training.
Five decades ago, 87 plane crashes took away the lives of 1,597 people.
Debt-ridden national carrier Air India tops a brand reputation survey.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.
More than 30 flights of various Indian airlines, including Vistara, Air India and IndiGo, received bomb threats on Saturday, according to sources.
A severe squeeze on margins has prompted leading international airlines such as Virgin Atlantic, Sri Lankan Airlines, Austrian Airlines, Delta, KLM, Syrian Airlines, Aeroflot, All Nippon Airways, Singapore Airlines, Lufthansa and Finnair to withdraw over 100 flights in the last six months.
Singapore Airlines on Thursday announced that it will start thrice a week direct flight between Amritsar and Singapore from October 1, the Airlines' general manager, India operations, B K Ong said.
Singapore Airlines is offering special economy class return tickets to Singapore/ Kuala Lumpur/ Penang/ Bangkok/ Phuket/ Langkawi/ Hong Kong/ Bali/ Canton/ Shenzhen/ Beijing/ Shanghai/ Nanjing from Mumbai.
Jet Airways remains the number one airline serving foreign routes.
Making a strong case for approval of their proposed airline JV, Tatas and Singapore Airlines have said that the venture would create significant job opportunities in India and would boost the country's image as an international investment destination.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
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