Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
Govt to introduce new aviation policy on May 15.
The levy will come into effect from December 1, 2016
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
To sell five Boeing 777s, replacing these with cheaper aircraft
The airline had renewed its insurance on Oct 1 for nearly $29 million to cover its 132 aircraft.
Amitabh Bachchan has shared the 'arduous' process of procuring oxygen concentrators and ventilators for donation as he said every individual effort goes a long way in the fight against the coronavirus pandemic.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
As a measure to increase productivity and reduce costs amid rising jet fuel prices, low cost airline GoAir has reduced the number of flights to various sectors.
Initiating a fare war on global routes, Qatar Airways and Singaporean budget carrier Tigerair have announced massive limited-period discounts hoping to corner a chunk of the Indian travel market share.
Low-cost airline, Spicejet is awaiting the government's approval to commence its international operations soon, a top company official said on Tuesday. Announcing the launch of new flights from Coimbatore to Chennai, Delhi, Mumbai and Hyderabad from Oct 25, Kamal Hingorani, vice-president, sales and marketing, Spicejet, said the company was expecting approval from the Centre from May.
The Wadia group-promoted low-cost carrier GoAir will launch its commercial flights from November 4, 2005 and would operate in the Mumbai, Goa, Ahmedabad and Coimbatore routes.
'The regional market has been brought to life. This is a big development in India's aviation sector,' says Civil Aviation Minister Jayant Sinha.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
With an aim to link the unconnected destinations in the country, Indian Airlines and its subsidiary Alliance Air would soon acquire small aircraft to fly to smaller cities, Civil Aviation Minister Praful Patel said in New Delhi on Thursday.
AirAsia has grand plansfor India.
India must address issues that are plaguing its aviation sector.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
The Irish firms had sought to deregister SpiceJet.
The facility will be available for domestic as well as foreign carriers flying in Indian skies.
Jet Airways is talking to several leading private equity firms to raise $400 million through qualified institutional placements for its aircraft acquisition plan.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Vistara has expanded its network of agents.
Air India is in a better state now than it was when Lohani's predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
The airlines in their representation had said that pilots had to be spared for the renewal procedure, which took a lot of time.
In the 18 months that Arvind Jadhav has been the chairman of state-owned Air India, he has faced more than one crisis.
Foreign airlines charge $100-200 or euro 75-150 for excess baggage, while Indian airlines charge Rs 300-500 per kg above 15 kg.
