Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
Commerce Minister Kamal Nath on Friday announced that jet fuel supplies to long-distance flights of international carriers would be treated as exports.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Regulator believes Jet Airways deal triggers open offer
"We have intelligence from multiple sources including our alliance and our own intelligence and the evidence indicate that the plane was shot down by an Iranian surface to air missile. This may have been unintentional," Trudeau said during a conference. The Boeing 737 jet with 176 people on board including 63 Canadians crashed minutes after taking off from Tehran on Wednesday morning.
Three senior executives - Pradeep Kumar (senior vice- president, cargo), Shrimanikandan Ananthvaidyanathan (chief information officer) and Praveen Iyer (vice-president, revenue management), have quit amid worsening financial situation
Private carrier Jet Airways is expected to further consolidate its international operations into a major revenue grosser in FY09, to overcome the growing turbulence in the domestic sector. The general economic scenario does not bode well for capacity expansion on domestic routes, with some of these struggling on account of overcapacity, and only yesterday some airlines were pushed to hike fares to make up for higher aviation turbine fuel prices.
In their pre-budget expectations, they also asked the government to assess the option of developing unused airstrips located in various parts of the country to boost air connectivity.
The Singapore Airlines agreed to fly the stranded passengers to India, as there is no scheduled Air India flight for Thursday.
Paving way for closure of long-pending Jet-Etihad deal, fair trade regulator CCI on Tuesday approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
The pilots and cabin crew were provided training in all the steps on donning and doffing of Personal Protective Equipment suits, infection control practices to be followed inflight and also the management of anticipated health emergencies during the flight, the medical college authorities said.
ED is probing Mallya and KFA under anti-money laundering laws in connection with a Rs 900 crore (Rs 9 billion) loan default of IDBI bank
Jet's operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
Likely to rake up the issue of open offer exemption.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
'Now we will have real employees as the owner of the airline.'
Sports bodies moved quickly to strip Russia of events,
India on April 28 asked the UK authorities to deport Mallya.
The CDC guidelines do not recommend following social distancing between 2 passengers inside a plane or keeping the middle seat unoccupied.
China has blocked a proposal by the US and India at the United Nations to blacklist Abdul Rauf Azhar, the brother of Jaish-e Mohammed (JeM) chief Masood Azhar and the deputy chief of the Pakistan-based terror group, in the second such move by Beijing in less than two months.
The UK high commission said more than 600 pieces of vital medical equipment will be sent to India to support the country in its fight against COVID-19.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The US on Monday announced a new international travel system under which fully vaccinated individuals would be allowed to enter the country beginning in November.
IndiGo which has close to 40 per cent market share, at present has 129 aircraft and operates 883 daily flights to 44 destinations. It also has around 400 aircraft on order.
Chartered flights may increase 34% from last year as more Russian tourists come calling.
Move aimed at giving more headroom to foreign investors.
After a better-than-expected Dussehra weekend, hospitality firms are hopeful of ending the year on a positive note by doing good business over Christmas and the New Year. Typically, year-end bookings kick in two to four weeks before the season begins. Owing to pandemic-related uncertainties, hotels are seeing a significant reduction in the booking window, with travellers waiting till the last minute to make hotel reservations.
The airline will be inducting large number of A321s this year which will be largely used on international routes and high density domestic routes.
A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
Jet Airways Chairman Naresh Goyal will purchase over one per cent stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore (Rs 450 million).
Overseas airlines can operate unlimited number of flights into and out of India.
Air India, which is operating flights to evacuate Indians stranded in foreign countries, have asked its pilots to undertake coronavirus test before they operate such flights.
The main sectors that receive the maximum foreign inflows include services, computer software and hardware, telecommunications, trading, construction, automobile, and power.
India already allows 100 per cent ownership of greenfield pharma businesses.
'The Bush doctrine has since provided the intellectual framework for war in Afghanistan and later in Iraq. It has since legitimised rhetoric like 'axis of evil' when describing North Korea and Iran. It has since been called the clearest manifestation of America's irrational turn to unilateralism over international cooperation.'
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