SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
No reason was cited for rescheduling of the meeting.
The carrier planned to bring in a plane a month from March to build a fleet of at least 10 jets by the end of the year.
About 2,000 Indians are living in Iran, a country that has witnessed increasing numbers of coronavirus cases in the last few days. According to latest reports, 237 people have died of the coronavirus infection in Iran while the number of positive cases stands at around 7,000.
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.
All the five have been isolated in Pathnamathitta general hospital and are under observation. Their tests were confirmed on Saturday night.
Despite the increase, at Rs 64.32 per litre ATF costs less than petrol and diesel.
The loans are backed by a government guarantee.
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.
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
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.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
India requested Pakistan to let Modi's aircraft fly over its airspace when he travels to Bishkek. Pakistan accorded an "in principle" approval to India's request.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.
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.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
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.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
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.
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.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
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.
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.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
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.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Will Indian democracy benefit from the potential that Shashi Tharoor stores in his mind, spirit and intellect? Or will it be the saga of another leader who promised much but delivered too little, asks Dr Sudhir Bisht.
The civil aviation authority confirmed that there are no survivors.
The US and China have sparred over the origin of the virus for days, with a Chinese official promoting conspiracy theories.
Even flights on foreign routes pay more when they refill in India.
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.
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.
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 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 airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Airline says can't discuss dues publicly, denies grounding of planes
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances