Maran challenged reports that he and another company official have been summoned as accused by a Delhi court in two tax evasion cases
However, the tender criteria demands that an entity must be eligible to conduct Beyond Visual Line of Sight operations in order to become eligible. Currently, no drone companies are eligible to do BVLOS operations, reports Arindam Majumder.
All Indian carriers flew 60.22 lakh (6.02 million) passengers in May compared to 57.10 lakh (5.71 million) in April, while the January-May figure stood at 267.22 lakh (Rs 2.67 million) as against 260 lakh (2.6 million) in the same period last year recording a 2.78 per cent growth, latest official air traffic data showed.
His Rare Enterprises purchased 75 lakh shares worth Rs 13 crore.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
Domestic budget carriers SpiceJet, Indigo and GoAir have rolled out another sale offer with fares starting from Rs 1,699 for a limited period on domestic routes.
Three Indian carriers -- SpiceJet, Vistara and Air India Express -- have Boeing 737 aircraft in their fleets.
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
The load factor of six major domestic airlines--IndiGo, SpiceJet, Air India, GoAir, Vistara and AirAsia India -- stood between 70 per cent and 64.9 per cent in January.
'There's something called deterrence by punishment.' 'That means you hit in a manner calculated to raise costs and consequences for Pakistan, so that the next time it attempts a Pahalgam-like attack, it has to think ten times.'
SpiceJet had rolled out a scheme offering a discount of Rs 200 to every passenger who books a flight with only one handbag and no check-in baggage.
Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
Vistara started allowing passengers to book an extra seat from Tuesday. IndiGo and SpiceJet, too, are in the final stages of designing such a product to be sold as an add-on.
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.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
Jet will, however, continue to pay the sale-linked productivity bonus to them.
The Irish firms had sought to deregister SpiceJet.
Aviation stocks - Jet Airways, Deccan Aviation, SpiceJet and Jagson Airlines - closed at their 52-week highs on the Bombay Stock Exchange on Tuesday in falling market. All the four stocks gained between 5 per cent and 20 per cent on Tuesday.
Low-cost carriers SpiceJet and Indigo effected a cut last week, while Jet Airways and national carrier Air India followed this week. Industry sources said Kingfisher was evaluating a similar move from April.
Air services to Kathmandu were hit again on Sunday as flights of Air India, SpiceJet and IndiGo failed to land in the earthquake-hit Nepalese capital and returned to New Delhi as ATC personnel at Tribhuvan International Airport were evacuated following a powerful aftershock.
SpiceJet is the only Boeing 737 MAX operator in India, with 13 aircraft of the type in its fleet and a total of 205 planes on order.
DGCA has told the airline that only "air worthy" aircraft, which are completely fit for flying, should be used in operations.
The incident which occurred on August 11, involving SpiceJet Hyderabad flight from Chennai (SG 511) and Emirates' Dubai-bound Brisbane flight (EK 433), is currently being investigated by the aviation regulator, DGCA sources said.
In a circular, the DGCA said, "Crew should be well aware of the aircraft limitations and of takeoff/landing performance calculations during the adverse weather operations." The regulator also said that the airlines must "make available sufficiently experienced crew in the cockpit".
Among the Indian carriers, Air India, Air India Express, IndiGo, and SpiceJet operate flights to Saudi Arabia while Saudi Arabian Airlines and Flynas are the two carriers operating in India.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
Flight services to Kathmandu were on Saturday cancelled or put on hold following the closure of airport there after a powerful earthquake rocked central part of the Himalayan country.
While IndiGo carried 16.82 lakh passengers, a 59.4 per cent share of the total domestic market, SpiceJet flew 3.91 lakh passengers, which is 13.8 per cent share of the total market, the DGCA data noted.
SpiceJet, IndiGo, Jet Airways, Alliance Air, and Turbo Aviation are among the operators that have bagged the routes in the third round.
The total amount of penal interests charged from the defaulting parties stood at about Rs 115 crore.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
Two issues dog the sale of the national carrier. One is the $2 billion bank guarantee the winning bidder will need to furnish. The other is the nearly 5000 lawsuits filed against Air India, many of them overseas. Anjuli Bhargava reports.
SpiceJet on Wednesday said none of its stakeholders were interested in selling stake in the leading no-frills carrier now.
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set to be heard by the Delhi bench of the NCLT on Thursday. Go First has cancelled all its flights for three days starting from May 3.
This is the third incident of technical malfunction on a Go First aircraft in two days.
Around 1.12 crore domestic passengers travelled by air in December, approximately 6.7 per cent higher than the 1.05 crore who travelled in November, the country's aviation regulator said on Wednesday. Overall, 8.38 crore people travelled on domestic flights in 2021 as compared to 6.3 crore in 2020, showing a jump of 33 per cent, the Directorate General of Civil Aviation (DGCA) stated in its monthly statement. IndiGo -- India's largest carrier -- carried 61.41 lakh passengers in December, a 54.8 per cent share of the domestic market, it mentioned.
Taking on competition from no-frill carriers, Jet Airways on Saturday launched a week-long sale of seven lakh low-fare domestic air tickets to attract air travellers who could use them to fly from August 10 onwards.
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