'Jin Jiang had invested in Louvre Hotels.' 'Louvre, a couple of months ago, took a majority in Sarovar hotels.' 'So they are coming in now.' 'Look at the Chinese -- two quarters ago they took 25 percent in Hilton.' And then HNA also took majority in Carlson (Radisson).'
The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
Directly accusing Modi of corruption in the deal for the French fighter planes, he said the prime minister had favoured his businessman "friend" Anil Ambani by getting him the "contract".
The Chinese military, on the last day of its largest-ever military exercises to vent out its anger over United States House Speaker Nancy Pelosi's visit to Taiwan, carried out island saturation attack drills in the Taiwan Straits, amid global concerns of a full-scale attack to annex the breakaway island which Beijing claims is part of its territory.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
Ukrainian President Volodymyr Zelenskyy on Wednesday invoked Pearl Harbor and 9/11 attacks in appeal to the United States Congress for help against Russia.
Bandla, a 34-year-old aeronautical engineer, on Sunday joined British billionaire Richard Branson and four others on board Virgin Galactic's Spaceship Two Unity to make a journey to the edge of space from the US state of New Mexico
With this, the biggest buyer of Airbus SE A320neo planes seems to be moving away from Pratt & Whitney engines, which have been experiencing glitches. CFM International will deliver the first engine by 2020.
Define your North Star. Experiment in your 20s be adventurous and experiment and use these experiences to build your flywheel and compliment your IQ with EQ.
India's Mahindra group can finally start selling its airplanes in India after it got all approvals from the country's civil aviation ministry, Chairman and Managing Director Anand Mahindra said.
Some scheduled flights as well as those for which ticket sales are open would be affected.
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
The national airline had incurred a net loss of Rs 5,859.91 crore (Rs 58.59 billion) last fiscal.
Some years ago, Rakesh Gangwal reportedly said his relationship with Rahul Bhatia evolved in an amazing friendship, which he termed 'blind trust'. The question is whether that is under scrutiny now.
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
Small aircraft operators want better infra at regional airports.
An Air India Boeing 777 flight carrying 313 people on board returned to Newark airport in New Jersey, US, soon after take off following a bird hit that damaged its left engine.
Be ready to be awed by some of the records these airports hold.
Given Narendra Modi's trust in him, Praful Khoda Patel is unlikely to back down in Lakshadweep.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
Aeronautical engineer Sirisha Bandla on Sunday became the third Indian-American woman to fly into space when she joined British billionaire Richard Branson on Virgin Galactic's first fully-crewed successful suborbital test flight from the United States state of New Mexico.
IndiGo's president Aditya Ghosh shares the growth plan.
Drake lends $185 million jet to Sacramento Kings for India trip
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Procurement of coronavirus vaccines and raw materials to boost domestic production is set to be a major focus area of External Affairs Minister S Jaishankar's five-day visit to the United States beginning Monday.
Paraguayan prosecutors will not charge Ronaldinho Gaucho for possession of an altered passport, but the former Barcelona player has admitted guilt and agreed to face an alternative punishment, the lead official in the case said on Thursday. Ronaldinho and his brother and business manager Roberto Assis both entered Paraguay on Wednesday with false documents, officials said.
After a gap of two months, domestic passenger flight operations resumed on Monday amid reluctance by various states to open up their airports in view of rising cases of the novel coronavirus.
Trains don't just transport from one place to another. Sometimes they can be a setting for a happily-ever-after. It sure happens a lot in the movies.
'He is not that crazy.' 'He is driven by a deep sense of Russian power have been diminished.'
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
South African President Cyril Ramaphosa has conceded for the first time that divisions within the ruling African National Congress prevented appropriate action against the influential Gupta family from India for their alleged involvement in massive state capture.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
India has said that the onus is on Pakistan to create an environment free of terror and hostility.
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
'Another friend told me that the Russians had come to their homes, killed their neighbours and raped his neighbour's wife, and they killed even children in Bucha.'
'Stop showing off your star power because there is nothing called star power.' 'The power is only in the script.' 'If you are getting a good script, 'Chup chaap le lo!''
There is no better way to address the security threat emanating from ISIS and other terrorist groups in Afghanistan than by co-opting the Taliban, asserts Ambassador M K Bhadrakumar.
