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.
The Champions League final was set to be staged at Zenit St Petersburg's stadium on May 28.
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.
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.
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.
'Now we will have real employees as the owner of the airline.'
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.
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.
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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.
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.
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.
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.
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.
Three Indian carriers -- SpiceJet, Vistara and Air India Express -- have Boeing 737 aircraft in their fleets.
Let it gradually pull itself out of international routes and focus on linking remote towns and cities.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
These companies have survived bankruptcies.
United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company.
Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.
United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
They have a minimum travel time of 14 hours and 55 minutes and cover at least 12,189 kms.
'For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft,' DGCA chief Arun Kumar said in a statement.
The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.
Planemakers have started pitching their latest aircraft to a privatised Air India which has been acquired by salt-to-steel conglomerate Tata Sons. European aerospace major Airbus on Monday said that it is in talks with the airline to sell its long haul aircraft Airbus A350-900. The wide-body aircraft is capable of flying non-stop between India and United States- one of the most popular and revenue generating routes.
Kingfisher Airlines is exploring hiving off its engineering department into a separate maintenance, repair and overhaul (MRO) unit. This is one of several measures being considered by the airline management to tide over its current financial crisis.
Several companies and technology heavyweights including Microsoft, Oracle and Salesforce are working to create a digital vaccination passport or health passport app in the hope that governments and airlines will require travellers to upload details of their Covid-19 tests and immunisation. The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.
There is no official announcement yet on the fate of the 123 passengers and nine crew members as hopes receded about finding any survivors, considering that the plane crashed and exploded in a mountainous area.
Sugata Bhattacharjee, a United States-based doctor of audiology who was seated next to the accused in business class on the flight to Delhi, in a handwritten complaint to the airlines stated that the distressed passenger was made to go back to her soiled seat despite four seats in the First Class being vacant.
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
The Supreme Court on Friday dismissed a plea by beleaguered businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties. The apex court dismissed the petition for non-prosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matter. "The counsel for petitioner states that the petitioner is not giving any instructions to the advocate for the petitioner.
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