Construction sector is one of the largest seasonal employment providers in India
It has drawn up a performance report card, listing out its achievements.
Limits imposed on domestic airfares will be removed from August 31, after a span of approximately 27 months, the Union aviation ministry said on Wednesday. "The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel (ATF). "Stabilisation has set in and we are certain that the sector is poised for growth in domestic traffic in the near future," Aviation Minister Jyotiraditya Scindia said on Twitter.
Only the top 5 per cent profit makers account for 75 per cent of profits.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Government is looking to develop 15 airstrips owned by the state governments and 10 that are with the Airports Authority of India.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
Le Meridien Hotels and Resorts has set a target of opening 15 properties in India by 2005, and asked the government to further liberalise the aviation sector to boost the country's tourism industry.
Ranked here are companies (on the basis of operating margin and return on net worth) in FY94 and in FY04 to understand the change in dynamics.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
'It goes without saying that Air India has now no imaginable reason to exist.'
The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat.
As many as 128 pilots have left Air India, Indian Airlines and Alliance Airways between 2004 and 2006, the Rajya Sabha was informed on Tuesday.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
Terming SpiceJet's offer of rupee one fare across its domestic network as "predatory" and a "malpractice", aviation regulator DGCA on Tuesday came down heavily on the no-frill carrier and asked it to stop such pricing immediately.
Former Director General and CEO of IATA, Giovanni Bisignani, says Jet Airways chief Naresh Goyal developed his airline's business class mock-ups in utter secrecy inside the garage of his London home.
India on Thursday approved proposals for purchasing 26 Naval variant of Rafale jets from France and procuring three French-designed Scorpene class submarines, a day ahead of Prime Minister Narendra Modi's wide-ranging talks with French President Emmanuel Macron in Paris.
'Indian aviation sector needs much more investment and new entrants.'
Fliers may have to shell out more with the government mulling to impose a two per cent cess on air tickets
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Aviation regulator Directorate Genral of Civil Aviation (DGCA) on Tuesday issued a show cause notice to Go First for 'multiple mistakes' that led to 55 Delhi flight passengers being left behind in a coach at Bangalore airport on Monday and the budget airline has apologised for the incident, saying it happened due to inadvertent oversight in reconciliation.
Patel is being questioned in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam.
It is likely to have a similar tax efficient pass through status, for PPP and other infrastructure projects.
Till now, aircraft that are more than 15 years old were not allowed to be imported
The list of aircraft planned to be inducted by the Air Force include 36 Rafales, 114 Multirole Fighter Aircraft, 100 Advanced Medium Combat Aircraft (AMCA) and over 200 variants of the Light Combat Aircraft. "In the next 15 years, 83 LCAs are our primary focus, after that LCA Mark 2 will come in we are looking at close to 100 of those, that makes it near 200 of LCA class," Air Chief Marshal Bhadauria told ANI in an interview.
Akasa Air's launch of services is likely to be delayed further as the airline is expected to receive its first aircraft only in June or July, according to a senior DGCA official. The carrier, backed by ace investor Rakesh Jhunjhunwala, initially planned to start operations in June and then postponed the plan to July. A top airline official said it intends to start services in July. The Mumbai-based airline, registered as SNV Aviation, received the mandatory no-objection certificate from the civil aviation ministry in October last year.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.
