Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
Air India is in a better state now than it was when Lohani's predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
The opposition made it clear during the meeting that it will press for a joint parliamentary committee to probe the Rafale jet deal and raise several issues, including the "misuse" of probe agencies and the autonomy for Reserve Bank of India.
While the national carrier Air India has decided against a hike, private carriers like Jet Airways and SpiceJet have concrete plans to increase their fuel surcharge on domestic flights.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
Based on the Skytrax ranking for 2018, IndiGo is number two among the best low-cost carriers in Asia, behind rival AirAsia.
The Tiger XCx model is priced at Rs 13,76,000.
The sooner the airlines get their act together, the better.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
Senior Congress leaders say Sharad Pawar's 'clean chit' to Modi in the Rafale deal is the most recent example of regional parties succumbing to pressure. The Congress is also convinced that Mayawati is being arm-twisted.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians
New rules will unnecessarily make the airlines responsible for reasons beyond their control
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
The Congress president alleged that the Bharatiya Janata Party deceived people and siphoned off hard-earned money of farmers, poor, small businessmen to fill the pockets of the country's 15-20 big industrialists.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
The car will rival Honda City, Hyundai Verna, VW Vento and Skoda Rapid.
Experts say the margin was impacted primarily because of currency depreciation, rise in the price of aviation turbine fuel and pressure on account of fare wars in the home market.
When Barack Obama lands in Delhi for the Republic Day celebrations, he will be taken along the city's prime esplanade in a vehicle fitted with a special night-vision system, tear gas cannons, steel wheels, a blood bank holding the president's blood type and its own oxygen supply. Obama's Cadillac limousine, or the 'Beast', as the US Secret Service likes to call it, will be used to ferry him during the course of his visit to India. Obama's, however, is not the only fortress on wheels that will trundle down Rajpath. Prime Minister Narendra Modi travels in a BMW 7-Series 760Li Security Edition Here is a comparison between Obama's Cadillac and Modi's BMW
If one were to go by the degree of clout, Jaitley was the undoubted No. 2 in the Modi government.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
After Singapore Airlines and Emirates, German carrier Lufthansa on Saturday launched daily services of its super jumbo Airbus A-380s between Delhi and Frankfurt.
The fare for the inaugural flight is Rs 1 and the tariff for the first three months is Rs 999.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Holidayers' plans have gone topsy-turvy of late and the options have got limited.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Hyundai Creta has emerged as one of the best looking four wheelers and certainly the best looking compact SUV in 2015 and that has worked remarkably in their favour as far as sales is concerned.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
The MiG-35 is Russia's most advanced 4++ generation multipurpose fighter jet developed on the basis of the serial-produced MiG-29K/KUB and MiG-29M/M2 combat aircraft.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
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