Minority investors of SpiceJet might be feeling cold-shouldered.
In a sudden development, DGCA chief E K Bharat Bhushan was on Tuesday removed as head of the aviation regulator with immediate effect, six days after his tenure was extended till this year end.
The first Airbus A-320 aircraft of Tata-SIA joint venture Vistara airline, painted with its logo and livery, landed at the IGI Airport in New Delhi on Wednesday, taking the carrier a step closer to its launch.
The offer, which is being managed by Edelweiss Capital, was scheduled to open on Wednesday and close on August 13.
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The Directorate General of Civil Aviation's (DGCA's) attempts to curb soaring air fares is well-meaning but misdirected and, probably, ineffective as previous such attempts have demonstrated.
Wants details of Vijay Mallya transactions over 4 years
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
With high festive season demand pushing up airfares, aviation regulator DGCA has been asked by the Union civil aviation ministry to examine if it could take some steps provide any relief to air travellers.
Stating that the road ahead for SpiceJet is "pretty tough", its original founder and new owner Ajay Singh on Thursday said he is in talks with more than one investor for fund infusion into the carrier.
The assurance to pilots came after a meeting between the two sides at the airline's headquarters in Mumbai on Wednesday, airline sources told PTI on Tuesday evening.
The government also said it will hold consultations with the airlines to explore the possibility of curbing the menace of charging exorbitant airfares during emergency situations.
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
'The DGCA may require airlines to install CCTV cameras on all flights and retain the footage in case of unruly behaviour.' 'Else, it would be left to individual interpretation of the involved parties.'
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Air India did not respond to email queries.
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
During the checks on the Cessna aircraft registered with Business Jets India, the DGCA found that the pilots in command did not have necessary training certificates.
Putting the lives of passengers in danger, an IndiGo aircraft flew close to the road running parallel to the Jaipur airport runway in February.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
The case was reported inside an aircraft at the time of landing at Chennai airport
The airline is gearing up to come out with an initial public offer.
The incident took place on August 30 when Air India flight AI 102 was on its way to New Delhi from New York.
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.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
The court order could put SpiceJet's revival plan under stress.
Etihad's acquisition of 24 per cent stake in Jet Airways was the first FDI in an Indian carrier by a foreign airline.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
India's aviation safety ranking was on Wednesday upgraded to Category-I.
Likely to rake up the issue of open offer exemption.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
The long-pending Jet-Etihad deal envisaging foreign investment of Rs 2,058 crore will come up before Foreign Investment Promotion Board (FIPB) for approval on July 29.
The new greenfield airports should not charge different user development fee from domestic and international travelers and such charges should be regulated by a regulatory authority, global airlines body International Air Transport Association said on Tuesday.
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
DIAL has filed four cases against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
Recruitment and import of aircraft still to get going
