Govt's decision to allow FDI will attract capital, boost confidence and soothe the nerves, say experts.
Vistara has accelerated fleet expansion plan from June 2018 to earlier, open to talks with Boeing as well.
Malaysia Airlines flies to Delhi, Bangalore, Chennai, Mumbai, Hyderabad and Kochi.
A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.
BJP leader Subramanian Swamy on Friday moved the Delhi High Court seeking an order restraining the Centre from granting any approval to AirAsia for its operations in India.
Shehbaz, 72, who was the consensus candidate of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), received 201 votes, 32 more than what was required to become leader of the House in the 336-member Parliament.
In a late surge on Thursday, Jet Airways shares soared 9.7 per cent to close at Rs 408.5 on the Bombay Stock Exchange on speculation the airline's promoters had initiated talks to sell stake in the company.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
There would be 'no adverse impact' on Air-India and Indian Airlines if private carriers are allowed to operate to foreign destinations, said the civil aviation minister.
China had raised concerns about Taiwan being described as a separate region by various airlines worldwide.
Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons. Whether Go First will be able to avoid the sharp erosion in value like in the case of Jet, experts say, will depend on how quickly it is able to restart operations and retain its slots at airports. Go First, owned by the Wadia group, filed for voluntary corporate insolvency resolution on May 2 due to inadequate capacity utilisation that led to a cash crunch.
This was in response to the assertion of some officials of the finance ministry and the Department of Industrial Policy & Promotion that a strategically placed comma in DIPP's press note on FDI in civil aviation meant foreign airlines were allowed to hold up to 49 per cent stake in existing Indian carriers, as well as new airline companies being set up.
If Emirates Airlines is caught in the Dubai debt crisis, it may force the carrier to moderate its expansion, which could hurt aircraft manufacturers like Boeing and Airbus, as it has placed orders worth $55 billion with them.
Government said consultations are on to arrive at consensus on allowing FDI.
Foreign airlines charge $100-200 or euro 75-150 for excess baggage, while Indian airlines charge Rs 300-500 per kg above 15 kg.
Talks gain ground of strategic stake sale to foreign investor.
Says, it is too pre-mature to comment on the possibilities of any fresh equity issuance.
Foreign direct investment (FDI) in India declined sharply for the second month in a row in Maywith inflows slipping to $1.32 billion from $4.66 billion in the year-ago period, reflecting the impact of slowing global economy.
The home ministry has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of the airline, according to a senior official. The appointment of Wilson as the chief executive officer and managing director of Air India was announced by Tata Sons on May 12. Tata Sons took over the loss-making carrier on January 27.
Engineers of the Indian Airlines threatened to launch an agitation against the proposed JV between IA and Singapore International Airlines for maintenance, repair and overhauling of aircraft, including those of foreign airlines in India.
Tata-SIA have applied to the Civil Aviation Ministry for a no-objection certificate to start a full-service airline in India.
The Department of Industrial Policy and Promotion under the commerce ministry has floated a draft Cabinet note for inter-ministerial discussions on foreign direct investment in aviation.
Mamata Banerjee, Chief minister of West Bengal and an important ally of the UPA government has given go-ahead to the Foreign Direct Investment in the aviation sector, according to a source in her government in Kolkata.
Indian airlines are running into losses.
Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor.
The move will help mop up not more than Rs 10 billion, which is only a fifth of the capital requirement of the industry, led by Jet Airways and Kingfisher Airlines, say experts. The expected investment has been calculated on the basis of a 100 per cent premium on the current valuations of Jet Airways and Kingfisher -- two of the country's largest carriers by market share -- which require over Rs 50 billion.
Kingfisher Airlines, owned by Indian liquor baron Vijay Mallya, is in talks with two foreign carriers, including International Airlines Group (IAG) -- the owner of British Airways and Iberia -- for a potential rescue package, a report said.
Major global airlines, including Gulf carriers, are keen to invest in this space.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
At present, there is no direct air connectivity between India and Myanmar.
The incident which took place on Friday came close on the heels of two mid-air urinating incidents on the international flights of Tata Group-run private carrier Air India late last year.
Malaysia Airlines today began shifting relatives of missing Chinese and Indian passengers to Kuala Lumpur for "better care and comfort" while China pressed more ships and aircraft to locate the plane that went missing four days ago.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
In a significant development, Singapore International Airlines and domestic flag carrier Indian Airlines have joined hands to explore the formation of a joint venture for maintenance, repair and overhauling of aircraft
Top foreign and Indian aviation experts said the flurry of private investors showing interest in setting up no-frill airlines sent a signal to the government of the massive untapped potential in the aviation and tourism market in India.
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