Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
Over 1.3 million, or 49% of passengers flew to the US via airports in the Gulf in FY16
Aviation regulator DGCA on Saturday suspended the flying licence of beleaguered Kingfisher Airlines for failing to come up with a viable plan for its financial and operational revival and resolve the impasse withits employees over payment of their salary dues.
The airline, which declared a partial lockout on Tuesday, has said it will start flying again from October 5.
Hogan questioned the claims of the airlines campaigning against Etihad.
According to sources, Kingfisher Airlines has started disbursing salaries to some of its employees apart from approaching the aviation regulator seeking licence renewal.
The airline has not been paying salary to its employees since May last year, while it had started delaying salaries much before the crisis broke out last October.
As many as 3,000 travel agents owing allegiance to TAAI have voluntarily decided to keep shutters down to protest airlines' certain unethical business practices.
In its revival plan submitted to aviation regulator Directorate General of Civil Aviation on Wednesday, the cash-strapped airline is understood to have said that it has requested the Airports Authority of India to allow them to fly on cash-and-carry basis, that is pay for the services as and when the airline avails of them.
Aircraft lessor International Lease Finance Corp said on Monday it had successfully removed one of six aircraft stranded in India by the dispute over the suspension of operations at Kingfisher Airlines.
Beleaguered Kingfisher Airlines on Wednesday faced fresh trouble with its employees deciding to move court seeking a formal closure of the company if it did not spell out future plans giving a time-line for clearing their salary dues of eight months.
The airline requires these pilots for the wide-body Boeing 777s.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
The permit was suspended by DGCA on October 20.
In conformity with civil aviation regulator DGCA's guidelines on reducing flight delay, private carrier Kingfisher Airlines will close its check-in counters for domestic flights 40 minutes prior to departure.
In a rare move, the DGCA has filed a police complaint against 34 pilots of Jet Airways, IndiGo, SpiceJet and GoAir.
In recent times, concerns have been expressed in various quarters.
Reddy, who represents Andhra Pradesh's Anantapur seat in the Lok Sabha, reported late for the flight and therefore, was not allowed to board it, a source said.
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.
Jet Airways has also been asked to provide details of the pilots who are "habitual" of reporting sick and disrupting the airline's schedule, an official said.
The Directorate General of Civil Aviation had suspended Kingfisher's SOP on October 19 till further orders after a lockout and its failure to come up with a viable plan of financial and operational revival.
DGCA chief Arun Mishra said he would talk to the cash-strapped airline's stakeholders to ascertain whether it would be able to operate in a sustainable manner.
Only two no-frill carriers, IndiGo and SpiceJet, have applied for permission for more flights from the DGCA this season than they did last year, official sources said, adding that other airlines have scaled down the number of flights they wish to operate this year.
The conference, being attended by some 700 aviation leaders including chiefs of airlines and aircraft-makers, is discussing issues like aviation safety, environment, distribution and financial sustainability among others.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Lenders to Kingfisher Airlines (KFA) will meet its promoter, Vijay Mallya, and the rest of the brass on Monday, to chart a way forward for the grounded airline.
The airline had made new pilots sign a bond of Rs 2.5 lakh to Rs 14 lakh in the recent past.
Grounding increases govt carrier's fuel cost by Rs 40 lakh daily, forces changes in schedules.
Lenders to Kingfisher Airlines, whose combined exposure of nearly Rs 7,500 crore is at risk, have said they will go in for recovery measures only as the last resort and expressed hope that its promoters will be able to find an investor and resume operations.
Indian fliers regularly face issues like lost baggage, refund on cancellation and harassment by staff at airports
'The two-word answer is: Proper oversight,' says T N Ninan.
Kingfisher Airlines, which is already facing a safety audit by the country's civil aviation regulator DGCA, on Thursday came under fresh scrutiny following reports that one of its pilots flew a woman in the cockpit in violation of rules.
Kingfisher Airlines, which is already facing a safety audit by the country's civil aviation regulator DGCA, on Thursday came under fresh scrutiny following reports that one of its pilots flew a woman in the cockpit in violation of rules.
The airline was also asked to refund the money it charged from passengers for food and beverages as, according to the laid-down rules, it was supposed to have offered these items for free.
SpiceHealth had on January 6 and January 7 tested 469 passengers who arrived on two charter flights from Italian capital Rome and found 298 of them to be COVID-19-positive.
According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre's Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.
As world leaders discuss measures in Copenhagen to save the planet from global warming, Nordic airline Finnair has mooted setting up of a global body under the United Nations to regulate emission trading.
