Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
After a rap from the aviation regulator for neglecting safety issues, Kingfisher Airlines on Monday submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
He was grounded by the airline on Sunday after he tested positive for alcohol in two breath analyser (BA) tests before he was to operate Air India's New Delhi-London flight.
The phased reopening and regulated relaxations of many key industries have paved the way for a slight recovery in hiring activities but hiring is still down by 47 per cent in July 2020 compared to the same month last year.
Kingfisher Airlines on Wednesday said it has taken off flights which have been cancelled in a "planned manner" from its booking site following complaints of hardships to passengers.
A combined 7.82 million shares representing 36% of free float equity of the private airliner have changed hands on BSE and NSE till 1500 hours.
The Directorate General of Civil Aviation (DGCA) has recommended giving financial autonomy to Air India Charters Ltd (AICL), the company which runs Air India Express, the low-cost brand of Air India operating in the international sector.
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The pilots' flying privileges have been withdrawn for leaving the cockpit unattended and thereby jeopardising flight safety, a senior DGCA official said on Tuesday.
A ferry flight will soon reach the national capital from Tehran with around 300 swab samples of Indians suspected of having coronavirus infection.
SpiceJet will have to refund fare to passengers due to a flight delay.
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
Sources say the arilines has inducted a senior pilot from IndiGo to head its safety team.
Engine snag forces IndiGo to ground 7 new aircraft
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
As part of the exercise, preventive checks at different airport functions have been carried out and the airport has ensured that diesel generator sets are in place to provide uninterrupted power supply, the MIAL said in a release.
Calcutta HC dismisses United Bank of India's decision on technical grounds
Shares of SpiceJet on Wednesday rose by over 19 per cent even as aviation regulator asked the no-frills carrier to immediately stop its offer of one-rupee fares across its domestic network.
The US is set for a geographically limited 5G rollout this Christmas, after a bumper $81 billion spectrum auction earlier this year. Just as the rollout date nears, the US Federal Aviation Administration (FAA) has sounded alarm bells over potentially fatal consequences of 5G interference on aircraft. Similar consequences could apply in India, where 5G spectrum auction is scheduled in January 2022, with the rollout beginning later next year (though reports suggest impending delays).
As over 40 flights were cancelled across the country on Tuesday, the airline informed DGCA that it had 28 functional aircraft, out of 64 planes in November last.
The aviation regulator has also laid down training guidelines for the flight crew to handle the new facility being given to the air travellers.
Vistara will operate from its base Delhi and fly to Mumbai, Bengaluru, Hyderabad, Goa, Chandigarh, Srinagar, Jammu and Patna in the first year as per its plan submitted to DGCA while applying for the AOP.
SpiceJet also plans to increase its daily flights to 251.
A major mishap was averted on Wednesday when the wingtips of two aircraft -- one of them taxiing and the other on the verge of takeoff -- touched each other at the Mumbai's Chhatrapati Shivaji International Airport in Mumbai.
All airports and air carriers are being informed to be ready for operations from May 25. SOPs for passenger movement are also being separately issued by the ministry of civil aviation.
SpiceJet did not provide the details of its ancillary revenue.
DGCA panel has proposed tests be conducted even before a candidate is inducted into a flying training institute
HC asks DGCA not to de-register SpiceJet planes till April 6.
French aviation watchdog BEA said vertical separation between the two aircraft 'was zero feet' while the least horizontal separation between the two planes was reduced to just 0.6 NM.
Chief executive Giorgio de Roni explains to Business Standard the merit of GoAir's cautious approach.
In India currently, Air India, Jet Airways and its subsidiary JetLite are members of the IOSA and conform to the safety standards set by this audit on a regular basis.
No frills airlines SpiceJet and IndiGo have merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.
An Air India flight to Bhubaneswar from here was delayed by nearly eight hours allegedly due to some "VIPs" forcing the government-owned carrier to reassign the aircraft and its crew for Bhopal, a charge denied by the airline.
Beleaguered no-frills carrier SpiceJet on Monday approached the government for financial aid.
With a large number of senior pilots quitting jobs in Indian carriers for greener foreign pastures, aviation regulator DGCA has warned of stringent action, including cancellation of licences, against those leaving without serving proper notice.
The airlines in their representation had said that pilots had to be spared for the renewal procedure, which took a lot of time.
The charge sheet has now paved way for the CBI to approach authorities in the UK for deportation of Mallya.
Grounded Indian planes will be up in air by end of April says company president
