National Aviation Company of India Limited, the public sector entity that owns Air India, will be offering a voluntary leave-without-pay scheme to 15,000 employees--around 46 per cent of its staff strength--to help the financially-strapped airline save over Rs 75 crore annually.
Raghu Menon, CMD of National Aviation Company of India (Nacil), had said last year that more than 70 per cent of the merger process would be completed by the end of FY09.
MRTPC has suspected cartelisation amongst low-cost fliers over fixing of air fairs. It has called for a probe into the matter.
The move will help mop up not more than Rs 10 billion, which is only a fifth of the capital requirement of the industry, led by Jet Airways and Kingfisher Airlines, say experts. The expected investment has been calculated on the basis of a 100 per cent premium on the current valuations of Jet Airways and Kingfisher -- two of the country's largest carriers by market share -- which require over Rs 50 billion.
Vistara has entered a country that has been sobered down to reality.
When asked about India's demand for extradition of Dawood Ibrahim, who New Delhi says is based in Pakistan, Pakistan Prime Minister Gilani initially refused to comment saying he had 'not studied' the matter or been briefed on it. On being pressed and asked if his government would extradite Ibrahim if the Indian government made a good case, Gilani said, that he had kept an open mind, and that the onus was on India to provide 'authentic proof' in this regard.
The Union government has no 'Buy India' policy, but has a 'Buy Air India' policy.
Speaking to reporters in Nagpur, Jawadekar said the government, then led by Atal Behari Vajpayee, had convened an all-party meeting to discuss the crisis and ways to resolve it. "All the parties present, including the Congress, insisted that the government do whatever was necessary to secure the release of the passengers on board the aircraft and save the country's prestige," he added.
The public sector Indian on Tuesday conducted a probe against the pilot who had allegedly not allowed Indian Union Muslim League leader Abdul Wahab to board a flight at the Kozhikode International Airport. A statement of the airline staff on duty on Monday had been recorded and submitted to the executive director, Indian Airlines Southern Region, Chennai, AAI Station Manager N Kannan told UNI.
Starting this October, Air India Express will fly Cochin-Chennai, Cochin-Hyderabad, Cochin-Bangalore, Bangalore-Chennai, Chennai-Kolkata, Hyderabad-Kolkata and Kolkata-Agartala.
With a large number of senior pilots quitting jobs in Indian carriers for greener foreign pastures, aviation regulator DGCA has warned of stringent action, including cancellation of licences, against those leaving without serving proper notice.
A prominent Kashmiri leader, who was based in London before being deported to Pakistan in 1986, Khan was believed to have been the mastermind in the killing of Ravindra Mhatre, the number two in the Indian Consulate in Birmingham in 1984.
Clearly not. But to take the case of the Indian airline industry which is in the news, its fleet must be cut by a fifth but it can't do this unless it also has the right to fire workers.
The Cochin International Airport (CIAL), the first international airport in the country outside the ambit of the union government, is planning to launch a dedicated international cargo airline service.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
Terming as "unfortunate" the loss of lives in the Malaysian Airlines tragedy, Civil Aviation Minister Ashok Gajapathi Raju on Friday said there was no Indian on board the aircraft.
In the wake of high alert sounded in the city on possible terror attack, the incident has baffled security personnel and the Central Industrial Security Force that mans the security of the airport.
The three conspirators Abdul Latif, Dalip Kumar and Yusuf Nepali have been lodged in the high security Patiala Central Jail since their arrest about eight years ago. The three were accused of helping the hijackers in procuring fake passports and other papers and also helping them take weapons aboard the aircraft that was hijacked.
Scott Bayman cited Indian Airlines' and Air India's purchase of Airbus and Boeing aircraft, respectively, as prime examples of this growing transparency.
Former Director General and CEO of IATA, Giovanni Bisignani, says Jet Airways chief Naresh Goyal developed his airline's business class mock-ups in utter secrecy inside the garage of his London home.
Russian defence aerospace major Sukhoi is close to bagging its first civilian Indian client with its regional 60- to 90-seater jet Sukhoi Superjet 100.
W.C.H Training Solutions is offering a 30 hour "Training & Placement programme" in New Delhi for candidates interested in making a career in Travel BPO's.
Giving details about the hijacking of Indian Airlines flight IC-814 in his book, the former deputy prime minister wrote: 'I was sitting in my office on a cold Friday afternoon on December 24,1999, when Shyamal Dutta, former director of Intelligence Bureau called me to convey the bad news. 'Sir, an Indian Airlines plane coming from Nepal has been hijacked'. I was stunned by what I heard.'
After merging domestic carrier Indian Airlines with itself, state-owned airline Air-India is keen on creating a hub in Germany for wider international presence.
Bleeding Indian carriers, which suffered another setback in the form of a 7 per cent-hike in aviation turbine fuel (ATF) prices on Tuesday, have decided against raising fares this month. This is the first time this year that the carriers are not increasing prices in spite of a hike in ATF rates.
The worldwide softness in the sector has ensured there are few takers for these aircraft; those who had leased the aircraft to Indian carriers will invoke a hefty penalty if the machines are sent back to them.
National carrier Air India, which will soon be merged with Indian Airlines, may partner Cochin International Airport for setting up an airframe maintenance, repair and overhaul facility near the Kochi airport, Kerala.
Air India and Jet Airways are planning to leverage their extended domestic networks following a merger (with Indian Airlines) and acquisition (of Air Sahara), respectively, to offer small-city travellers free connectivity for international flights.
GoAir reluctant to respond to overtures.
Each aircraft will cost about $50 million and the purchase is being funded by the US-based Exim Bank. The airline operates 143 flights a week from Indian cities to 12 destinations in the Far East and West Asian countries. In its fourth year of operation, the international budget carrier now has 11 fully owned aircraft, while seven are on lease, which will expire in 2010.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
Unlike some US airlines, Indian carriers are not planning to charge services like baggage handling to beef up their bottomlines, which is hit by a steep hike in fuel prices, but would prefer to keep the options open.The issue came to the fore following a decision by American Airline to impose a $25-15 charge for baggage handling, as the US carriers buckled under steep hike in fuel prices.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Jet is the only airline offering four weekly flights on the route.
'The fact that a rural Kashmiri boy was brainwashed into killing himself and others means there is an active programme that exists which does such recruiting and there will potentially be other such individuals out there,' warns Aakar Patel.
Indian Airlines has launched its e-ticketing facility, Netravel, which allows one to book tickets and conduct related transactions over the Internet.
Under the terms of the deal Ranbaxy will drop litigation it initiated in November 2005 and will sell Nexium from May 2014 - the expiry date of the first of a series of patents. Under US law Ranbaxy would be the exclusive generic distributor for the first six months.
Shahid Azmi, the defence lawyer in the 11/7 blasts case, defends the accused while damning the police and the investigation.
Pakistan Army on Friday said it has arrested nearly 100 terrorists and foiled an imminent jailbreak attempt to free top Al Qaeda leader Ahmed Omar Saeed Sheikh, sentenced to death for the murder of Wall Street Journal correspondent Daniel Pearl in 2002.
Air India CMD Vasudevan Thulasidas said the combined entity will have a change management consultant which will enable employees to be IT-savvy.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances