West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
China's state-run Sichuan Airlines has suspended all its cargo flights to India for 15 days, causing major disruption to private traders' efforts to procure the much-needed oxygen concentrators and other medical supplies from the country despite Beijing reiterating its readiness to help India to deal with the latest surge of COVID-19 cases.
'Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity,' says A K Bhattacharya.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
Days after it faced nationwide anti-government protests against its stringent zero-Covid policy, China in a major shift of its coronavirus response policies has announced that it will scrap quarantine for international travellers from January 8 as it reopens its borders and comes out of international isolation after nearly three years.
The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the CEO & MD of Air India, Tata Sons said in a statement.
The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the CEO & MD of Air India, Tata Sons said in a statement.
IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore (Rs 880 million.
An airline's birth is a result of passion and enterprise, often not without its challenges and ordeals. And, Tata-run airlines are no exception
Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.
The plane that took off from Dubai in the United Arab Emirates carrying 303 Indian passengers, including many minors, was grounded at the Chalons-Vatry airport in Marne on Thursday.
'We emphasise the importance of not basing investment decisions solely on electoral outcomes.' 'Instead, focusing on investing in high-quality businesses capable of prospering regardless of the political landscape is paramount.'
The 33-year-old grandson of JD-S supremo H D Deve Gowda is expected to land in Bengaluru in the small hours of May 31.
Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
A Romanian aircraft carrying 275 passengers, mostly Indians, on Monday left for India four days after they were detained by the French authorities at an airport near Paris over suspected 'human trafficking'.
The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
India may make peak-time allocation of airport slots for its airlines an essential part of any bilateral signed in future. Arindam Majumder reports.
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Making a strong case for approval of their proposed airline JV, Tatas and Singapore Airlines have said that the venture would create significant job opportunities in India and would boost the country's image as an international investment destination.
Life of air passengers was different in the 1970s.
Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
Phee Teik Yeoh, who has returned to the SIA HQ in Singapore worked hard to make Vistara the airline of choice. New CEO Leslie Thng would have the job of cutting losses while going international.
The move comes after the government rejected its plan to operate 20 flights a week.
"India's global image has taken a beating," Mallya said on the social networking platform Twitter.
Qatar has released eight jailed former Indian Navy personnel and seven of them returned home early Monday, 46 days after their death sentences handed last October were commuted to jail terms of varying duration.
At least nine people have been killed and 77 people trapped across Taiwan after a powerful earthquake struck the island's eastern coast, CNN reported, citing the National Fire Agency (NFA).
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
With indications that government is keen to allow foreign airlines buy stakes in Indian carriers, a Group of Ministers (GoM) is likely to meet next week to decide on the investment cap by them, official sources said on Friday.
In India, domestic airlines have not secured any relief from the government and are reporting 50-55 per cent loads as domestic air travel resumed on May 25 after two-month suspension.
Govt to review decision after demand assessment.
Commercial pilot licenses will now be valid for ten years, with the government amending rules as part of efforts to further improve ease of doing business in the aviation sector. Till now, the validity of Commercial Pilot License (CPL) was for five years and after completion of that period, it had to be renewed. The civil aviation ministry amended the Aircraft Rules, 1937.
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of the country's largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three months ended March 2022. Reflecting the bullishness in the aviation market, the carrier has forecast a 5-7 per cent rise in Available Seat Kilometres (ASK), an indicator of seat capacity, in the June quarter.
The proposal to allow foreign airlines to buy upto 49 per cent stake in domestic carriers originally mooted by the Commerce and Industry Ministry, has received a green signal from the Finance Ministry and the Civil Aviation Ministry.
JV will set up a full-service carrier based out of New Delhi.
Though FDI is allowed in the sector, foreign carriers cannot acquire stakes in Indian airlines.
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
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