So should airlines play the keening, trance-like Siddi folk music from the Kutch peninsula? The Sufiana Kalam of Kashmir? Carnatic music? Rabindra Sangeet? Bihu melodies? Classical music from the Hindustani gharanas? Ghazals? Bhajans? Bollywood hits?... asks Kanika Datta.
IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.
An inquiry has been initiated by Directorate General of Central Excise Intelligence officials against these airlines.
We live in hope that India and its airlines might finally grow up, notes Anuli Bhargava.
The government is keeping its options open.
Jet already has $300 mn of ECB.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
Virgin Atlantic Airways Chairman Richard Branson has said he planned to invest about $50 million in his personal capacity in an Indian airline for which he was in talks with 'four different people' in the country.
Days after its recent downgrade by the US aviation regulator, DGCA has set up two dedicated technical teams for surprise inspections on the aircraft of foreign airlines and charter firms and carry out extensive safety checks.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline. Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process. Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.
The depiction of hijackers of the Indian Airlines flight from Kathmandu to Delhi has kicked off a row with a section of viewers objecting to the 'humane' projection of the perpetrators.
Various airlines in India have engaged nearly 1,000 foreign pilots. However, the Directorate General of Civil Aviation has advised all scheduled, non-scheduled and general aviation operators to submit their plan to phase out foreign pilots and replace them by trained Indian pilots. As per the plan, all the foreign pilots are likely to be repatriated in about 5 years time. Government has taken steps to reduce the gap between demand and supply of skilled India pilots.
Flights from Mumbai and Kerala will also have to transit through these routes due to restrictions
The government was also working on a package to promote connectivity and airports in the North Eastern states
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
Low-cost airline IndiGo on Tuesday said it has no plans to take on-board an overseas partner to expand its business.
"The 'red bag' belonged to one of the hijackers, it contained explosives, and possibly, real passports, too.
'Ajit Doval said, "They are threatening us now".'
With this, India joins 60 other countries that collect PNR details of international passengers.
Aviation regulator DGCA has allowed IndiGo to wet lease wide-body Boeing planes from Turkish Airlines for up to six months and has rejected the domestic carrier's request for leasing the aircraft for up to two years, according to sources. The Directorate General of Civil Aviation (DGCA) turned down the request of the country's largest airline to wet lease the aircraft for a longer period, citing that the move could become diversion of traffic rights in collusion with a strong foreign carrier that will mainly feed the latter's hub abroad with more passengers from India, the sources said. IndiGo, which currently has only narrow-body planes in its fleet, decided to lease wide-body aircraft to operate more flights on international routes to meet rising demand.
Eyewitnesses of the Nepalese passenger plane crash have said that they had a close shave as the Yeti Airlines plane, with 72 onboard, including five Indians, crashed near their settlement and a bomb-like blast was heard.
Aiming at attracting Indian travellers to major global and domestic destinations, foreign and Indian carriers are vying with each other by offering discounted tickets.
A group of ministers will soon meet in New Delhi to decide on allowing foreign entities to pick up stakes in the airline sector in India, Civil Aviation Minister Ajit Singh said on Wednesday.
Various airlines, including the defunct Kingfisher, owed Rs 3,030 crore (Rs 30.30 billion) to the Airports Authority of India (AAI) at the end of December last year.
Premier British carrier Virgin Atlantic took the lead in introducing day time flights out of Delhi. British Airways followed suit by introducing its additional flight during day time. German carrier Lufthansa now also operates day time flights to Munich out of Delhi and Mumbai, apart from its night services to Frankfurt.
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
The government on Friday decided to extend 'open sky' policy to all foreign airlines, including those from the Persian Gulf for three months in the peak winter season, subject to commercial arrangements with the national flag carriers.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
Singapore's competition regulator CCCS on Tuesday said it has given conditional approval for the proposed merger of Air India and Vistara, more than a year after the announcement of the deal. This was one of the key approvals required for the transaction. The merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announced in November 2022. Vistara is a joint venture between Singapore Airlines and Tata Group.
A sojourn in Seoul, one of Asia's largest metropolises, where the ultra-modern coexists with the ancient -- temples and palaces with futuristic skyscrapers climbing to the stratosphere, K-pop with Buddhism, a village within city limits.
Incumbent airlines oppose the proposal.
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
In little over a year, Air India and IndiGo have announced plans to purchase up to 170 wide-body planes as they bet on ambitious expansion and efforts also continue to make India a global aviation hub. Also, the two carriers' orders usher in European aircraft maker Airbus into the country's wide-body space, which has traditionally been dominated by US major Boeing. If narrow-body aircraft orders of Air India, IndiGo and Akasa Air are added to the list, the order book is well over 1,200 planes and that too in less than 14 months or since February 2023.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
As Prabhakaran was leaving his house, Rajiv Gandhi called his son Rahul and asked him to fetch his (Gandhi's) bulletproof jacket. He put the jacket on Prabhakaran's back and remarked with his usual charming smile: "Take care of yourself."
Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the Indian securities market using overseas bank accounts with UBS AG. The Indian government has been attempting to extradite Mallya from the United Kingdom to face fraud charges related to his now-defunct company Kingfisher Airlines. Mallya has been living in the United Kingdom since March 2016.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
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