The Foreign Investment Promotion Board (FIPB) on Friday deferred a decision on Rs 2,000-crore (Rs 20 billion) Jet-Etihad deal, the largest foreign investment in the Indian aviation sector, and sought clarity on control and ownership.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the Tribhuvan International Airport on Monday.
The loans are backed by a government guarantee.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
Agreement paves the way for increased air connectivity between both countries and has the potential to spur trade investment, tourism and strengthening the cultural exchange between India and Brazil.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.
'We have the technical expertise, and international collaborations. We also have robust real-time data. We are a university of pandemic management. If the ministry neglects the role of NCDC, it is the loss of the country'
The US and China have sparred over the origin of the virus for days, with a Chinese official promoting conspiracy theories.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Kingfisher Airlines soared 5.76 per cent to Rs 13.20, while Spicejet scrip gained 4 per cent to Rs 38.30 on the BSE. Jet Airways rose by 2.44 per cent.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
The airlines unilaterally withdrew the 5 per cent commission from November 1, citing the aviation meltdown and the need to conform to international practices. Instead the airlines have asked the agents to charge a transaction fee from customers, which they have refused to do.
The regulator will audit an airport's ground facilities, its turnaround and general safety procedures, and the movement of vehicles. Underground facilities, ground servicing equipment, passenger boarding bridges, condition of the apron, marking and lighting, and availability of foreign object dustbin bins will be checked.
The tally of 114 includes two fatalities and 17 foreigners as well as 13 people who were discharged after they recovered from the infection.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
Squashing erstwhile 'separatists', marginalising the 'mainstream', and squeezing funding channels have all evidently had an impact -- at least for the moment, notes David Devadas after a visit to Srinagar.
Silk Air with a score of 54.1 was adjudged the best airline in this category. Air Iceland (51.3), SriLankan Airlines (47.2), and Dragon Air (45.5) were adjudged to be the third, fourth and fifth best carriers in the category.
In a bid to retain employees and lure more youngsters to join the company, Air India Express would come out with attractive packages for its crew, a top official of the low-cost airline subsidiary of Air India said on Wednesday.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
The civil aviation authority confirmed that there are no survivors.
FIIs' stake in Naresh Goyal-owned Jet Airways stood at 7.10 per cent during the three months through September, compared to 6.38 per cent during the first quarter of this financial year.
Even flights on foreign routes pay more when they refill in India.
The flight will operate every Tuesday, Thursday and Sunday. While the inaugural flight AI 139 left at 6 pm (Indian time) on Thursday, the scheduled departure will be 4.50 pm (Indian time) from March 25 when the summer schedule comes into operation.
The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal.
Such a disruption will take the clock back by many years - in terms of passengers handled - for these airports, thus raising questions among some of the airport operators over a delay in expansion plans.
Two top global aviation bodies, ICAO and IATA, appealed to governments, including that of India and China -- both growing aviation hubs -- to follow suit and allow open market access to their airlines, soon after the signing ceremony of the pact yesterday in Montebello, Canada.
"It was a very proud moment for me as well as the entire Air India crew when we heard from Pakistan ATC praising our special flight operations to Europe," one of the senior captains of the special flight said.
Airline says can't discuss dues publicly, denies grounding of planes
A new rule has been drafted by aviation regulator Directorate General of Civil Aviation formally empowering the pilot-in-command of all flights to take suitable action to prevent such commotion which could endanger safety of the flight or passengers or crew members.
'Some of his decisions were not so good, but his intentions were always guided by a deep national interest.'
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Jet Airways' plans to raise $400 million through a share sale to foreign institutions may get delayed as the government on Thursday deferred a decision on the proposal of the private air carrier.
At least 15 variations were being evaluated regarding the '5/20 rule'.
The Delhi High Court on Wednesday allowed a plea to implead DGCA as a party to a PIL seeking quashing of approvals being granted by the Centre to operationalise the $30 million deal between Tata Sons and Malaysia-based AirAsia.
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