Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
DIAL has filed four cases against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
In a major boost to private airlines, especially IndiGo and SpiceJet, the civil aviation ministry has lifted the freeze on them to expand abroad.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
This will be the largest claim in the aviation sector for Indian insurers in the last three years
A glance back at some of the important ups and down Indian Inc faced in 2018.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
External Affairs Minister Sushma Swaraj said she had spoken to one of the clerics.
In what may help beleaguered airlines Kingfisher, the finance ministry has approved a draft Cabinet note floated by the commerce and industry ministry allowing foreign fliers to acquire up to 26 per cent stake in India's aviation companies.
Rizvi's burial took place in Mumbai. Khushi's body was cremated at the Khaswadi crematorium in Vadodara.
Vistara is keen to take to global skies.
Cheering the move, shares of Jet opened the day on a bullish note and further jumped 7.26 per cent to Rs 414.70 on the Bombay Stock Exchange.
In 2012, India attracted $22.78 billion of FDI, according to the data by Department of Industrial Policy and Promotion.
As the last three months of a year form the peak season for travel and leisure holidays, the country will also witness room rates rising by 10 per cent and airlines doubling fares on popular routes.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
The government has imposed a service tax of 10.3 per cent on the gross value of tickets of all classes on the domestic flights and economy class on international routes.
Pakistan on Thursday refused to comment on reports that the Chilean police had arrested the brother of Jaish-e-Muhammad chief Maulana Masood Azhar, who was accused of coordinating the 1999 hijacking of an Indian Airlines plane.
Malaysia has confirmed that a piece of aircraft wreckage found on an Indian Ocean island last week is from missing flight MH370, solving the mystery of the plane that disappeared with 239 people on board more than a year ago.
The report came amid speculation on social media that JeM founder has died.
Jet Airways chairman Naresh Goyal said his airlines, if given permission, would start off by flying to Southeast Asian countries.
In October, Air India had approached the government to raise $2.3 billion through external commercial borrowings as part of a plan to restructure its high-cost working capital debt of Rs 21,000 crore (Rs 210 billion).
'Instead of wailing about the absence of tax benefits, the private sector should press for an early implementation of the package of measures,' advises A K Bhattacharya.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
CPI(M) on Wednesday said it has no objection to the Cabinet decision on raising FDI cap to 49 per cent in domestic private airlines but the party's concerns still remain in other areas of the civil aviation sector.
Index heavyweights continue to be top losers with ICICI bank.
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
Domestic carriers, including newly-launched AirAsia India and regional airline Costa too have lowered their fares through these offers
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
A robotic mini-submarine deployed to unprecedented depths underwater to hunt for the crashed Malaysian airliner has searched nearly two-thirds of the focused area of the Indian Ocean floor, as it ended its eighth mission on Monday with still no sign of any wreckage of the plane.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
Its revenue during the period grew by 65 per cent to touch Rs 9,458 crore (Rs 94.58 billion), as against Rs 5,718 crore (Rs 57.18 billion) during FY12.
Tata-SIA will kick off with full-service domestic operations.
The aircraft belonging to the private Agni Airlines, was carrying 11 passengers and three crew members. It crashed near Shikharpur village in Makawarnur district, about 80 kilometers south of Kathmandu. The German-built Dornier plane was en route to Lukla, a popular trekking spot in the Everest region of eastern Nepal, from Kathmandu when the accident occurred, the Himalayan Times reported
With the volcanic clouds over the European airspace virtually shutting down global air traffic, Air India on Saturday announced cancellation of flights to Europe and North America scheduled Sunday.
'It is important to ensure that the person driving the car has a valid driving licence, is in a stable mental condition and is not under any heavy medication or influence of alcohol,' says K G Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance.
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