For two decades after his release in exchange for passengers of a hijacked Indian Airlines plane in 1999, Azhar has since been the darling of Pakistan's external snooping agency Inter-Services Intelligence.
The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
The government recently allowed the foreign carriers to have a 74 per cent stake in Indian cargo carriers. A total of 49 per cent FDI was earlier allowed in the cargo sector, but no investment by a foreign airline was permitted.
Demand from premium traffic in Europe, US remained subdued as the global slowdown continues, pushing the airline to slash prices.
Lawsuit issue was a dispute over payment, with GE Capital Aviation Services and Celestial Aviation Trading.
AirAsia India was set up as a three-way joint venture.
The government on Wednesday said there was no threat to Air Force One, the aircraft that flew Prime Minister Narendra Modi back from Germany over the airspace where Malaysian Airlines plane was shot down on Thursday.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
The stake-purchase agreement with Jet, second largest domestic passenger market share, will make Etihad the first foreign carrier to buy into an Indian airline.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
The founder of the dreaded terrorist group Jaish-e-Mohammed undergoes regular dialysis at an army hospital in Rawalpindi in Pakistan.
All 19 people, mostly foreigners, aboard a Dornier aircraft of a private airline were killed on Friday morning as the plane crashed minutes after taking off from the Tribhuvan International Airport in Kathmandu.
'You want to be a team that wins the game irrespective of which stadium you are playing in and what the weather conditions may be on that day,' says the outgoing president of IndiGo as he looks back on his eventful tenure.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Jet and Etihad stand to benefit from cost savings and synergies in areas such as fleet acquisition, maintenance and training.
The West Asian carrier could pay up to $330 mn for a 24% stake in Jet, say sources.
The discrepancy was pointed out by the finance ministry in the light of changes in foreign direct investment norms, as specified in Press Note II issued earlier this year, while considering the company's proposal to raise Rs 708 crore (Rs 7.08 billion) through fully convertible warrants. Prior to the Press Note II, the FDI component in Kingfisher Airline was just 16.45 per cent.
A passenger plane crashed while landing at an airport in the Thai island of Phuket on Sunday.
Unveiling its plans to expand fleet size to 50 aircraft by year-end, low-cost airline SpiceJet on Wednesday said it will start flights to six new foreign destinations, including Afghanistan, China and Hong Kong, by October-end.
Changes being driven by Etihad, says a source, after a V-P quits
'It goes without saying that Air India has now no imaginable reason to exist.'
Investment bankers said retail investors were pulling back, while institutions were being pickier
In a series of tweets, Shah also questioned Congress leaders Sonia Gandhi and Rahul Gandhi whether they support the People's Alliance for Gupkar Declaration (PAGD), a conglomerate of regional and national political parties in Jammu and Kashmir formed to demand the restoration of the Article 370, scrapped last year.
Air Costa, Andhra Pradesh's first regional airline promoted by the LEPL group, will launch its commercial operations from October 14, its Chairman L Ramesh said.
The national carrier has drawn a blueprint to cut the number of recognised unions in the airline from 15 to two -- one for pilots and another for the rest of the employees.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
UK flag carrier British Airways plans to tie up with an Indian domestic carrier in a franchise partnership.
Recruitment and import of aircraft still to get going
Government has been trying to get rid of the impression that it is caught in "policy paralysis".
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Israel has broken its tourism record of Indian arrivals for the second consecutive year!
Indian airports have been at a disadvantage because of high taxes, cumbersome visa and foreign exchange norms, losing out to peers in the Gulf.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Air India's pilots have been hurting customers with their repeated strikes.
Chief Information Commissioner R K Mathur rejected the contention of the ministry that details of the amount, reference numbers, dates of bills raised by Indian Air Force and Air India for the foreign visits undertaken by the Prime Minister are scattered across various records and files and collation of information in the manner sought by the appellant would involve searching of voluminous records by a significant number of officials.
During Vajpayee's tenure, he was there as an indispensable insider, witness to every action that had an impact on history: Pokhran-II (nuclear tests in 1998), the 1999 Kargil conflict between India and Pakistan, the Indo-Pak Agra Summit in 2001, intense engagement with the United States on nuclear issues besides the Kandahar hijack.
The negotiations will be held in Mumbai on Tueday at the International Civil Aviation Negotiations Conference which will be inaugurated by President Pratibha Patil.
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
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