According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
Air-India's budget service to destinations in the Gulf from Kerala is expected to start in April, Chief Minister Oommen Chandy told the state assembly on Tuesday.
According to officials, more clarity might be required with regard to foreign fund managers in the context of Air India divestment.
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Close on the heels of Air-India's decision to slash commission of travel agents from the existing seven per cent to five per cent, the agents have decided to suspend sale of tickets of the national carrier from Friday.
Air India Express, the low-cost subsidiary of Air India, would pay an annual royalty to the parent company after it starts operations to the Gulf next month end.
Another reason working in Air India's favour now is the government's plan to clean up part of the airline's burgeoning debt from its books - a major deterrent for investors when it attempted divestment the previous time.
Besides, another 350-odd flights -- both arriving and departing -- were delayed between 28-51 minutes (till 7 pm), as per the live flight tracking website Flightradar24.
The precaution was made compulsory after a incident.
'The DGCA, the ministry of civil aviation, Air India, the Airports Authority, all of them together form what I call an organised syndicate' 'In India, it is a fashion to blame the pilot because then nobody asks questions about the incompetence and grave negligence of this State-run syndicate.'
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
British Airways, Lufthansa, Etihad and Singapore Airlines are scouting for an Indian partner that meets the net worth criterion
US aircraft manufacturer Boeing has asked Air India to avoid flying its Dreamliner planes near thunderstorms as it enhanced the risk of icing on engines and the airline has changed its operating procedures accordingly.
The IAF pilots, who are middle-aged, are willing to fly any number of hours, as they are keen to make quick money before they retire
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
Kerala Home minister Ramesh Chennithala said an inquiry has been ordered.
The Kozhikode international airport at nearby Karipur in Mallapuram district of Kerala, which had been temporarily shutdown after violence erupted on Wednesday night following the death of a Central Industrial Security Force jawan, began operations on Thursday morning with arrival of two flights.
Nine people died and several others were reported missing as a string of landslips triggered by heavy downpour battered Idukki and adjoining districts of Kerala on Monday.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
