'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.'
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
Two individuals flying on a Chicago-Amsterdam United Airlines flights were on Monday arrested in the Netherland on charges of 'preparation of a terrorist attack,' a media report said.
It records 4,000 transfer passengers daily at Delhi hub.
UB Group Chairman Vijay Mallya's grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them.
Jyoti Dave Vyas was among those who were inside the majestic World Trade Centre towers on the September 11, 2001, when terror struck, and were lucky enough to survive the tragedy.
Canada Soccer has cancelled a friendly between the men's national team and Iran next month following widespread opposition to the fixture.
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
The government on Wednesday asked ministries and departments to clear dues of debt-laden Air India immediately and henceforth purchase tickets only in cash. The government earlier this month decided to sell Air India to Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate Tata group, for Rs 18,000 crore. The Department of Expenditure, under the Finance Ministry, in a 2009 order, had said that in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.
The order, valued at 'nearly $9 billion at list prices', was signed at Dubai Air Show 2021 on Tuesday.
EU and UK laws require airlines to incorporate data protection measures and report data breach to regulators within 72 hours. Non-compliance can invite steep fines.
The US military has intensified its efforts to collect the remnants of the high-altitude surveillance balloon from China that floated over the United States over several days last week from Montana to South Carolina.
According to federal law, airlines are prohibited from discriminating against passengers based on religion, ancestry and national origin, among other criteria.
In order to prevent the spread of the Omicron variant of coronavirus, the West Bengal government on Thursday announced that it has suspended all the flights coming to Kolkata airport from the United Kingdom from January 3 onwards till further notice.
United, American snap code share deals, in compliance with US regulator's ruling
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.
The proposal is awaiting final policy sanction from the home ministry.
Pakistan's national flag-carrier on Monday ran its first commercial flight to Kabul since the Taliban takeover of Afghanistan in mid-August.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Vijay Mallya, during the past two days, had ceded a marginal stake in it, allowing Heineken to be the single largest shareholder.
India has formed air-bubble pacts with around 28 countries, including the United States, the United Kingdom. the United Arab Emirates, Kenya, Bhutan and France.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
On May 1, SpiceJet's Mumbai-Durgapur flight encountered severe turbulence during its descent phase, injuring 14 passengers and three cabin crew members.
Defence Secretary Lloyd Austin on Thursday directed that the aircraft carrier USS Ronald Reagan and the ships in her strike group will remain on station in the general area to monitor the situation.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
The coronavirus-induced suspension of scheduled international passenger flights has been extended till July 31, aviation regulator Directorate General of Civil Aviation said.
Mallya and UBHL now hold a little over 3.3 per cent in USL.
The company secured independent valuation for these properties and had shared the same with Mallya
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
The Supreme Court Tuesday said the contempt matter involving fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, will be dealt with finally on January 18 next year. Observing that the apex court has waited "sufficiently long", a bench headed by Justice U U Lalit said, "We can't be waiting any longer now." The bench noted that Mallya was held guilty of contempt in 2017.
Technical fault was the reason behind it.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
A 61-year-old Indian national has been arrested in the United States on charges of sexually assaulting a fellow woman passenger aboard a domestic flight.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
'The need for added safety has bolstered demand for charter flights in the last year and is expected to continue.'
The aviation ministry stated it has decided to review the on-board meal services in domestic flights considering "the increasing threat of COVID-19 and its variants".
Curtailment of flights between India and China will help Air India and other airlines to boost their seat occupancy and market share.
Dispute arose as Indian carriers objected to Emirates flying passengers beyond Dubai, and Dubai authorities complained that Indian airlines have been flying more flights than allocated to its carriers.
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