Ghosh said the Tata Trusts Cancer Care Initiative is one of the largest health care programmes in the world
According to latest data, new airlines have a combined market share of 5.4 per cent.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
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.
A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports, which is 1.2 per cent higher than the 23,117 operated during the previous winter schedule.
A number of countries like Canada, Turkey, Belgium, Italy and Israel have banned flights from the UK as the British government warned that the potent new strain of the virus was "out of control" and imposed a stringent new stay-at-home lockdown from Sunday.
IndiGo revamps website, Jet ties up with Twitter
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
The working groups will comprise representatives of airlines, airport operators and the AAI.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
Debt-ridden national carrier Air India tops a brand reputation survey.
Though India's airlines are certainly bleeding, they haven't yet faced the ignominy of shutting down.
We live in hope that India and its airlines might finally grow up, notes Anuli Bhargava.
Indigo continued its market leadership ferrying 5.77 million passengers in the month, followed by rival Spicejet with 1.86 million, and Air India carrying 1.55 million passengers. Goair, AirAsia India and Vistara transported 1.33 million, 7.72 lakh and 6.48 lakh passengers, respectively.
Kamra allegedly heckled Goswami, the editor of Republic TV, on IndiGo's Mumbai-Lucknow (6E5317) flight on Tuesday.
Unplanned, last-minute pricing is hurting the aviation sector, as is evident from the balance sheets of Indian carriers
While media reports suggested that Tata-Singapore Airlines is looking at an all-stock merger of Jet, Tatas, in a statement said, discussions to take over Jet Airways have been preliminary and no proposal has been made
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
The response to the sale has been overwhelming.
IndiGo, India's largest airline, is in talks to raise fresh funds as a second wave of pandemic has led to collapse in travel demand. The airline may look to raise Rs 3,500-4,000 crore. On Monday, only 97,761 passengers flew. With flyers cancelling bookings, airlines had to put aside flights and operated only 1,306 of them.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
Strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the coronavirus variant Omicron.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power.
The sooner the airlines get their act together, the better.
Sources at both IndiGo and Vistara say that some senior pilots and crew who have elderly parents at home had said that they would like to stay off the roster for now.
Airlines are now pushing up fares and hopes to improve margins over the next three months to make up for the poor September quarter, even if it leads to a slight fall in their passenger load factor.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
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.
Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
Jet Airways, SpiceJet and Vistara also operated all women crew flights, though on their domestic network.
Aviation consultancy CAPA on Thursday said allowing domestic airlines to take advance bookings from April 15 is "unfair" to consumers since a decision on lifting the nationwide lockdown is yet to be taken. During the lockdown period only special flights approved by aviation regulator Directorate General of Civil Aviation, medical evacuation flights and those carrying cargo, including medical equipment, to and from different parts of the country are operational.
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
Govt's decision to allow in-flight Wi-Fi doesn't take off with budget airlines, full-service carriers enthused
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
The GST rate is 5 per cent and 12 per cent on economy and business class tickets, respectively
Airlines such as Vistara and SpiceJet warned their passengers on Twitter that due to the bad weather in Delhi, their flights might get affected.
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