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.
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.
Apart from Delhi, Mumbai and Chennai, the codeshare agreement with Lufthansa will cover Ahmedabad, Bengaluru, Goa, Hyderabad, Kolkata, Kochi and Pune.
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.
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.
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.
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.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
No more lavish meal choices, no pampered check-ins and fewer options in flight timings. Call it Plan B or an effort by the airlines in India to cope with the crisis caused by soaring aircraft turbine fuel prices.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
The Champions League final was set to be staged at Zenit St Petersburg's stadium on May 28.
'Now we will have real employees as the owner of the airline.'
As per RBI guidelines, a wilful defaulter tag would be given if it is found that a loan taken is diverted for some other use rather than for which it was availed.
If they encash shares, Dutch major Heineken will emerge as single largest shareholder in the company.
Travel companies are expecting a heavy rush to the US following the withdrawal of curbs on fully vaccinated travellers from select countries, including India, on November 8. The move will benefit those holding long-term tourist, business, and work visas. Also, new and extra flights by Air India and American Airlines are expected to provide better travel options.
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United Airlines, the world's second-largest carrier, received regulatory approval to install wireless Internet access to its fleet in a partnership with Verizon Communications Inc.
A delegation of senior Pakistani military officials visiting the US was deboarded from a plane, detained, "interrogated and rudely treated" by security officials after one of them made a comment to a flight attendant, prompting the team to head home in protest.
Three major domestic carriers -- Air India, Kingfisher Airlines and Jet Airways -- will together require around $10-12 billion (Rs 47,000-Rs 560,000 crore) over the next two-three years to fund their aircraft acquisition plans, an aviation think tank has said.
UAL and Continental Airlines closed their merger on October 1 creating the world's largest carrier by traffic.
Banks who had lend to Kingfisher Air are finding it difficult to recover dues.
Manchester United's plane had to abort its landing seconds from touchdown as the squad flew to Germany for Wednesday's Champions League match with Bayer Leverkusen, British media reported.
Let it gradually pull itself out of international routes and focus on linking remote towns and cities.
The maintenance, repairs and overhault firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007. All existing investors will exit the company following the transaction.
These companies have survived bankruptcies.
Three Indian carriers -- SpiceJet, Vistara and Air India Express -- have Boeing 737 aircraft in their fleets.
United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company.
United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
They have a minimum travel time of 14 hours and 55 minutes and cover at least 12,189 kms.
According to FlightAware, a flight tracking company, more than 9,500 flights within, into or out of the United States were delayed and more than 1,300 were cancelled due to the system failure.
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