Proposals for listing of AAI and Pawan Hans have been made in the Draft Civil Aviation Policy, released by Raju.
Carrier will use the money to clear dues of oil marketing companies, which had stopped supplies to it, leading to cancellation of flights.
The ailing carrier was facing a net cumulative loss of Rs 20,320 crore.
Cash-strapped Indian carriers are finally finding money to finance expansion plans or merely fund operations. State-owned Air India is set to receive a $1 billion (Rs 49,000 crore) loan and Naresh Goyal-promoted Jet Airways is close to striking a deal for a Rs 500-crore loan from Indian Overseas Bank.
In a meeting, attended by several airline unions in New Delhi, the travel agents have also demanded the Parliament to pass a law for commission, so that 'it could not be changed by the air carriers for their monetary benefits'. The associations submitted a mass petition in this regard to the Petition Committees of Lok Sabha and Rajya Sabha.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
It involves India spending an estimated Rs 40,000 crores to Rs 50,000 crores and will take 10 to 15 years to develop.
Tata group-owned AirAsia India's inability to get approval for international flights is hurting UDAN, the Indian government's regional air connectivity project that also aims to link cities in Northeast India and Odisha to places abroad. Sources said the civil aviation ministry is waiting for the low-cost airline to come under the full ownership of Tata Sons and become part of Air India, the former state-owned carrier now owned by the private conglomerate, before allowing it to operate international flights. Tata owns 84 per cent stake in AirAsia India and it is understood that the group will complete the process of buying rest of the stake by July's end.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
Air India is aiming to improve its financials by pruning loss-making flights, improving fleet use, increasing web sales and selling & leasing back 14 Boeing 787s by March-end, top airline executives said on Monday.
Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.
Indian shooter Manu Bhaker is among over 100 athletes who have complained about 'deteriorating' Paris Games medals and are like to get replacements.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
As of now, there have been no problems with the aircraft.
The COO's compensation package will be negotiable, based on qualification and experience in the industry. But he will also be given a performance-linked pay based on key performance indicators determined by the management or the board.
Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
European aeroplane maker Airbus Industrie hopes to sell 55 of its A380 planes, including 10 freighter aircraft, in India in 20 years.
The carrier has debt of Rs 43,000 crore.
After Frankfurt, the airline may opt for Munich as its other base in Europe. "Air India would ideally want to have both Frankfurt and Munich as European hubs as the airline does not want to vacate Frankfurt and also wants to establish Munich as a hub for operations after network expansion plans come through," said an Air-India official close to the development, not wanting to be quoted.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
The government has till now injected Rs 2,000-crore (Rs 20-billion) fresh equity into the airline.
Come June, Air India will mark its re-entry into international air cargo operations.
Launch on 10 sectors in the winter schedule.
Air India postpones plan to put new long-haul aircraft on Australia route.
Kingfisher pays 37 per cent higher premium while Air India defers renewal. "The Air France crash is expected to provide a $600-$700 million hit (to global insurance companies), which is 40 per cent of the total premium collected, and therefore hardening of reinsurance rates was evident. We had seen prices go up from $2 billion to $4 billion after the 9/11 attacks (in the US)," said ICICI Lombard Reinsurance Head Rajiv Kumaraswamy.
Ministry will try to persuade Airports Authority of India, fuel suppliers for easier terms to the airline
According to sources in the aviation ministry, only State-owned Air India and private carrier AirAsia India have agreed to pay the surcharge.
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.
Karnataka has the highest number of medical seats in the country at 11,745, of which 3,750 seats were in government institutions and 7,995 seats were in private colleges.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
No move yet on delivery of 787s slated for mid-January.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
In December 2005, AI had ordered 111 aircraft worth Rs 46,000 crore.
Kingfisher, Jet and state-owned Air owe Rs 4,000 crore to oil companies and airports. Dues to the Airports Authority of India, private airports and oil companies IOC, BPCL and HPCL were to have been cleared by March 31, under the government's mandate. Industry figures show that the three airlines are collectively projected to make operating losses of Rs 5,000 crore.
Faced with a 10 to 15 per cent fall in passenger traffic, business class travel is coming down to earth. For the first time, Jet Airways and Paramount are introducing apex (advance purchase) fares and Kingfisher and state-owned Air India are offering free travel for spouses to boost bookings for this premium service.
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