Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
US aircraft maker Boeing Corp on Monday revised upwards the potential business for aircraft in India to $35 billion in the next 20 years citing the high growth in passenger traffic, entry of private carriers and allowing them to fly on overseas route
West Bengal government has 1.2 per cent stake in BAPL.
Air Deccan, India's first low-cost airline that made flying affordable for the middle class, is relaunching its operations from December 23.
The government also changed the existing ground handling policy by deciding to allow private airlines to provide ground handling services inside the airport terminal even after the policy is implemented from next year.
The home ministry has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of the airline, according to a senior official. The appointment of Wilson as the chief executive officer and managing director of Air India was announced by Tata Sons on May 12. Tata Sons took over the loss-making carrier on January 27.
Air India has positioned its fares on par with airlines offering one-stop services to US.
Rivals say the concessions would benefit AirAsia alone.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
Of the total outstanding of Rs 4,064.77 crore, a sum of Rs 2,571.73 crore (Rs 25.71 billion) is overdue payment, the Rajya Sabha was informed on Tuesday.
If all goes well, then every single employee of Jet Airways will become an owner of the airline.
Airlines tell Arindam Majumder and Aneesh Phadnis they are forced to look at expats due to a lack of commanders, a position that requires experience.
Air India offers huge discount on tickets.
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
Industrial disputes dropped 89.3 per cent to 34 in 2022 compared to 318 a decade ago, shows central and state data.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
Asserting that it was a small conflict, Gaikwad said the staff member of the airline is mad and around eight such cases of indulging in a brawl have been registered against him.
The national carrier, which is already struggling with its fuel payments, spends Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline.
The septuagenarian, who turned teary-eyed, submitted that he misses his wife Anita very badly and said she is in the advanced stage of cancer, according to court records.
'This trend will continue as long as the bull run continues.'
Private airlines wait for permission to fly abroad, foreign carriers walk away with the traffic.
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
Being touted as a competitor to the country's busiest Delhi airport -- which handles approximately 1,200 flights a day -- the Noida airport was expected to start flight operations by the end of this year. But supply-chain disruption, caused by pandemic and subsequent global upheaval, has hit the pace of construction at the airport which is coming up in the Jewar area of UP's Gautam Budh Nagar, some 75-km from the Delhi airport.
Jet Airways was granted traffic rights on the Gulf and West Asian routes at a meeting of the Directorate General of Civil Aviation on Thursday evening.
Private airlines owe a total of Rs 710.14 crore to the AAI.
The agency filed its affidavit in response to Goyal's habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
The Confederation of Indian Industry has sought more flights to Sri Lanka for boosting bilateral trade between New Delhi and Colombo.
The pilot-turned-airline owner and his partner Biraja Jena plan to launch FlyBig, which has secured 16 routes under the fourth phase of UDAN, the government's regional connectivity programme.
Ahmedabad airport recorded thrice the number of private chartered/VIP flights in the build-up to the final of the ICC Men's Cricket World Cup as compared to the average four-day period. The airport, which usually operates around 64 chartered flights in a span of four days, is set to handle 205 such flights between November 17 and 20, as celebrities and other VIPs descended to watch the India-Australia match.
Captain Sharan and Flight Engineer Anil Jaggia both confirm that the hijackers seemed to know a lot about flying an aircraft. Without help from the ISI or the Pakistan army, it was impossible, points out Utkarsh Mishra.
Two weeks' time given to CBI for filing a fresh status report.
The letter was sent as an early warning of what was then widely being perceived as a plunder of national resources.
No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.
On Monday, the fifth Air India flight landed in Delhi from Bucharest with 249 Indian nationals while the sixth flight arrived from Budapest here with 240 Indian nationals, the officials said.
Ministry will try to persuade Airports Authority of India, fuel suppliers for easier terms to the airline
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.
An additional lease rental of Rs 200 crore on nine Boeing 787 Dreamliners was the reason for ending in the red this quarter, Arindam Majumder reports from New Delhi.
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