Ajit Singh says will seek cabinet nod to scrap 5-year, 20 aircraft rule.
Vistara is keen to take to global skies.
Tata-SIA joint venture carrier Vistara on Friday announced scaling up of operations and said it plans to operate 164 flights per week.
TCS still ace in the pack
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
AirAsia's competitors are offering more reliable services.
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Amadeus Altea Suite, a complete passenger service system, is currently used by more than 120 airlines across the world. Vistara is a 51:49 joint venture between Tata Sons and Singapore Airlines Limited.
The airline's chief had said it would focus more on tier-II cities. Already, the airline connects some of its major destinations from Tiruchirapalli, one of the busy tier-II hubs in Tamil Nadu.
Options include fresh capital infusion by the management and/or some new investors.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
AirAsia, the largest low-cost airline in Asia, announced the JV with Tatas late February. Last month FIPB had approved the proposal.
According to latest data, new airlines have a combined market share of 5.4 per cent.
Officials differ, say firm should first fly regional.
India's newest airline-Vistara is bullish on growth prospects.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Malvinder Singh's name is thrown up by rumour mills, after Tata, Reliance & Sahara.
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.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
AirAsia India was set up as a three-way joint venture.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
The full-service airline has faced multiple challenges in its run.
'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.
The move to increase sales comes ahead of Tata- Singapore Airlines' entry in the domestic market.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
AirAsia may breakeven by June this year.
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
The bench of Chief Justice N V Ramana and Justice Pradeep Nandrajog issued notices to the Centre, Foreign Investment Promotion Board and Commerce and Civil Aviation ministries and sought their responses by October 30.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
Growth and expansion of business has little or no possibility in UP, especially when the government is involved or policy changes are needed.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
Vistara has expanded its network of agents.
'Everyone says never waste a crisis.' 'When we went into Covid and we were in total lockdown, we were at work.' 'The planes were not flying and we wondered what to do.' 'We looked at each of our performance metrics -- what are customers complaining about, how do employees feel, how do investors feel?'
The new initiative allows passengers to amend or cancel their booking without any penalty fee by simply using the "manage booking" facility
