Vistara is likely to offer 148 seats in a three-class configuration in its Airbus A320s, industry sources said.
The government on Wednesday permitted NRIs to invest up to 100 per cent stake in disinvestment-bound Air India. The decision comes at a time when the government has sought preliminary bids for 100 per cent stake sale in the national carrier. "Today's decision on Air India is one milestone decision where NRIs... will get permission to invest 100 per cent in the airline," Union Minister Prakash Javadekar told reporters at a briefing about the Union Cabinet's decision.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
The US military has intensified its efforts to collect the remnants of the high-altitude surveillance balloon from China that floated over the United States over several days last week from Montana to South Carolina.
On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets
China on Friday announced sanctions on US House Speaker Nancy Pelosi and her immediate family members for her visit to Taiwan this week, disregarding the strident warnings from Beijing, asserting that it violated China's sovereignty and the "One China policy".
The US will lift all restrictions for fully vaccinated international travellers, including from India, from November 8 but they will have to show proof of a negative coronavirus test before boarding a flight to the country, the White House has announced.
After the Russian aviation sector was hit by crippling Western sanctions for war against Ukraine, China refused to supply Russia with aircraft parts.
By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
Ziebat had been living in the international transit area at the Indira Gandhi International airport in New Delhi for days after he got stuck due to the coronavirus-induced lockdown.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
'The right engine of GoAir flight G8 802 from Ahmedabad to Bengaluru is suspected to have suffered from a foreign object damage (FOD) while on take-off roll,' the airline said.
The Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, approved the proposal at its meeting in New Delhi.
In a major relief to passengers, whose flights got cancelled due to the Covid-19 lockdown, the Supreme Court on Thursday accepted the recommendations of the Director General of Civil Aviation (DGCA) to refund ticket fares and also approved a credit shell scheme which will be valid till March 31.
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
The two companies are hopeful of winning over at least one regulator's go-ahead this week itself for their deal, which happens to be the first FDI by a foreign airline into India.
India has realised that one can only deal with China from a position of strength and that is not palatable to Beijing, observes Dr Rup Narayan Das.
South America-based Synergy Group, one of the suitors, has said slots at London's Heathrow airport are critical to the airline's operations and will decide on participating in the resolution only if it gets clarity. It also wants to form a new company with its assets, employees, and operating permit but minus all liabilities.
GoAir hopes to fly 15 million passengers by 2016-17, serve 30 destinations, up from 21 now, and will largely remain a domestic airline.
Pakistan Prime Minister Shehbaz Sharif's wife and former premier Imran Khan's wife have financial assets worth more than their husbands.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
Travel restrictions are in place only for a limited number of countries but people are cancelling or postponing travel to prevent the spread of coronavirus.
The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.
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Owing to a demand-supply mismatch, all the airlines are seeing an increase in revenues.
"I am very concerned about the recent situation of COVID-19 pandemic in India. On behalf of the Chinese Government and people, as well as in my own name, I would like to express sincere sympathies to the Indian Government and people," according to the message from President Xi to Prime Minister Modi.
The intellectual vacuum that the government is often accused of is more than evident in the policy draft.
The countries' biggest cities -- Delhi and Lahore -- are fighting a common enemy: Smog.
Swamy also seeks CBI probe against the government officials who had cleared the deal.
Mallya is understood to be in the UK after he left India on March 2.
Reduction in fuel price was supposed to bring back good luck for Indian airlines. But with the global spread of coronavirus, airlines are being forced to rejig their network, cut flights, and delay launches.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
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