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.
The government has begun consultations on relaxing the eligibility criteria for allowing Indian carriers to fly abroad, Rajya Sabha was informed.
Over 70 per cent of Jet's fleet has been grounded, leading to massive cancellations.
The industry will see as many as 24 new launches in 2008, from 14 car makers across the country, with nearly all of them being unveiled at the upcoming Auto Expo in New Delhi. New model releases from the top three manufacturers will include Tata's much awaited 'One lakh car' concept (almost production ready), new compact car Indica, mid-sized car Indigo and the Sumo multi-utility vehicle.
Vistara was operating from Delhi, Mumbai, Ahmedabad and Goa.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
"Nano is like an open canvas for us. We have the option of positioning it on the lines of the (Volkswagen) Beetle or the (BMW) Mini."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Sanand produced only 515 Nanos in January, and sold even less, just around 391 units.
Drivezy is helping people share their vehicles.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sources in the know confirmed Vistara, the joint venture between Tata Sons and Singapore Airlines, had booked six slots at the airport in New Delhi, adding it was ready to fly once it secured the government's nod.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
AirAsia India was set up as a three-way joint venture.
Vistara has a three-class configuration with business, premium economy and economy cabins.
Newly launched Vistara has a passenger load factor of 55% in the busy Delhi-Mumbai sector, compared with 80-85% in other airlines.
British Airways, Lufthansa, Etihad and Singapore Airlines are scouting for an Indian partner that meets the net worth criterion
It's too big to digest as one whole airline.'
'It will be like this: If you use the window seat in the first row, next will be the aisle in the second row, to maintain social distancing.' 'So, two-thirds of the aircraft is not going to be used.'
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
7,000 unemployed pilots in India but airlines continue to bet on expats
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata-SIA will kick off with full-service domestic operations.
'The August phenomenon of decline in sales occurs every year.' 'What they have done cleverly is, using the economic slowdown as an excuse, they want a package from the government to compensate the expenditure they will incur while converting BS4 to BS6.' 'That's why they are making a hue and cry.'
The response to the sale has been overwhelming.
The losses are primarily because the venture operated only for 18 days in June, with only two flights.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.
Phee Teik Yeoh, who has returned to the SIA HQ in Singapore worked hard to make Vistara the airline of choice. New CEO Leslie Thng would have the job of cutting losses while going international.
