At the beginning of this year, his stake in the airline stood at 30.14%.
In the months to come, the skies above promise to be a captivating theatre of action, where helicopters play starring roles, ferrying leaders, and echoing the pulse of democracy.
Airport officials said United Flight 1545, arriving from Las Vegas, slipped off a runway at around 5:30 am (local time) when it was taxiing towards the terminal. The plane made a wide turn on the taxiway and went into a muddy grass area.
Fourteen years in the making and a incessant reminder of the horrors of the past, Flight 93 National Memorial, which opened on Thursday, is an interactive centre that employs photographs, video recordings, artefacts and graphic displays to tell the story of the doomed United Airlines Flight 93, the only jetliner among the four commandeered by terrorists that failed to reach its intended target on September 11, 2001.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
Let Air India - that anyway flies very limited international routes, often bleeding profusely and makes huge losses on trunk routes - do this national service, says Anjuli Bhargava.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
At the heart of the national carrier's troubles are the archaic labour laws that allow pilots the same rights as industrial workers
Chandrasekaran also said that "We fell short of addressing this situation the way we should have."
The other two companies were Spanco Limited (Rs 37 crore or Rs 370 million) and Arch Pharma (Rs 56 crore or Rs 560 million).
September 11 is a "stark reminder" of the continuing threat of terrorism and the world must unite against this menace, India's Ambassador to the US Taranjit Singh Sandhu has said, as he paid homage to the victims of the terror attacks at the 9/11 Memorial here.
An Ethiopian airliner carrying 82 passengers and eight crewmembers crashed into the Mediterranean Sea shortly after taking off from the Beirut International Airport on Monday morning, officials said.
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
Based on the Skytrax ranking for 2018, IndiGo is number two among the best low-cost carriers in Asia, behind rival AirAsia.
Rono J Dutta, former chief of the world's biggest carrier United Airlines, has taken over as president of Air Sahara in place of Uttam Kumar Bose.
The Central Industrial Security Force (CISF) has prepared a pool of more than 100 personnel to man additional security counters expected to be handed over to it for easing the ongoing congestion at large airports of Delhi and Mumbai, official sources said Wednesday.
In a shocker, the US Food and Drug Administration has discovered the presence of mice, ants and cockroaches in food served on airlines in the country.
Mallya is at present based in London and extradition proceedings are on to bring him to India as the ED and the CBI are probing parallel criminal cases against him for an alleged bank loan default of Rs 9,000 crore.
The outage comes as a result of the failure of the Notice to Air Missions system, which alerts pilots and other personnel about airborne issues and other delays at airports across the country.
IndiGo which has close to 40 per cent market share, at present has 129 aircraft and operates 883 daily flights to 44 destinations. It also has around 400 aircraft on order.
Airberlin passengers will be able to book flights to New Delhi, Mumbai, Cochin, Chennai, Hyderabad and Bengaluru with Etihad Airways, UAE's national carrier, the companies said in a joint statement.
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.
With foreign airlines competing with domestic ones, Indian fliers are in for a treat.
Jet fuel prices are about 33% lower than the same period a year ago.
Mallya holds a 32.86 per cent stake in United Breweries, after having ceded control to Dutch brewer Heineken in December last year.
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
According to the annual report, Ronojoy Dutta's remuneration package includes a gross annual salary of $1.27 million, which would be payable in rupees. Also, he is entitled for a commitment bonus payout. In FY20, he received a remuneration of Rs 11.4 crore in his role as CEO and whole-time director.
Nepalese rescuers resumed their search on Monday for four persons still missing after a passenger plane with 72 people, including five Indians, crashed into a river gorge while landing at the newly-opened airport in the resort city of Pokhara, killing at least 68 people onboard.
Air India will no longer enjoy a priority in allocation of international traffic rights. This follows its takeover by Tata Sons in January. The Directorate General of Civil Aviation has dropped a clause which gave Air India an advantage over other private airlines in the amended rules issued on April 19.
Apart from Delhi, Mumbai and Chennai, the codeshare agreement with Lufthansa will cover Ahmedabad, Bengaluru, Goa, Hyderabad, Kolkata, Kochi and Pune.
There is no denying that the India-US sector is one of the hottest routes for airlines both from India and the United States
As for the crisis emanating from the Kingfisher Airlines' flight cancellations, it is now up to the airline to utilise those measures and come up with resources, he tells Business Standard's Kavita Chowdhury in an interview.
Starting today, November 8, the US has lifted all restrictions for fully vaccinated international travellers, including from India, but they will have to show proof of a negative coronavirus test before boarding a flight to the country.
The agency is looking at alleged "diversion of funds and financial reporting frauds".
With introduction of double-decked Airbus A380, the whole first class space has undergone transformation.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
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