It is our only chance of avoiding a repeat of our catastrophic second wave, asserts Naushad Forbes.
Air India's website, which went down two days ago after the airline offered a special fare of Rs 100, was apparently blocked by a few sites in India and abroad for a considerable time.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
Confirming the sale, senior executives of public-sector banks said there was no court directive yet to stop selling shares.
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
UB Holdings had appealed to the bench, of judges Dilip B Bhosale and B Manohar, to let it use Rs 13 crore (Rs 130 million) from a Rs 380-crore (Rs 3.8 billion) deposit to pay a month's salary to employees of the grounded airline and Rs 47 crore (Rs 470 million) to settle tax dues on capital gains made from the sale of a stake in United Spirits to London-based Diageo that got it Rs 1,460 crore (Rs 14.6 billion).
Al-Nahayan wants govt assurance on protection of its foray, meets Anand Sharma.
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
'I used to tell my wife to pack extra food in my tiffin so that I could at least offer that to my colleagues who were living on vada pav.'
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
There will be more airlines joining the fray next year.
The company has charted out a three step process in achieving the target
Air India's decision to buy five Boeing 787-9 is illogical.
Formula One is working to put on a British Grand Prix in July even if the country imposes quarantine measures on visitors during the COVID-19 crisis, F1 sources said.
The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the Tribhuvan International Airport on Monday.
At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
Air India, Jet Airways and United fly to these airports from Mumbai and Delhi.
Licence suspension would be revoked only after stakeholders are convinced of the airline's revival plan, say sources.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
The MoU is a separate agreement entered into with the ministry that is more broad-based.
Rupesh Kumar Singh, 40, was sprayed with bullets while he was inside his SUV waiting for the gates of his residence in Punaichak locality in the city to open after his return from office on Tuesday evening.
Air India plans to induct all these 19 aircraft between this fiscal to March 2018.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
Grounding increases govt carrier's fuel cost by Rs 40 lakh daily, forces changes in schedules.
Trump was in contact with multiple lawmakers who have since gone into self-imposed quarantine.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
Kingfisher House is one of the prime real estates of the airline.
Using flight search, travellers in the US, Canada, the UK, the Netherlands, Spain, France, Italy, Germany, Poland and Ireland will be able to explore and compare flights to and from any of Etihad Airways 103 destinations.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Reacting to former President APJ Abdul Kalam's statement that he has not received any communication from Continental Airlines, the United States-based airline on Thursday said that they want to apologise personally to him."Since he is not in Delhi, we are waiting for him to return so that we can apologise personally to Dr Kalam," the airline said.The development came shortly after Dr Kalam said that he is yet to receive an apology from the airlines, for frisking him.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.
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