In a circular, the DGCA said, "Crew should be well aware of the aircraft limitations and of takeoff/landing performance calculations during the adverse weather operations." The regulator also said that the airlines must "make available sufficiently experienced crew in the cockpit".
To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15. The source said bids will be sought on an enterprise value basis - a popular valuation methodology for takeover deals.
Vistara's growth and future funding requirement would hinge on how soon the government changes these rules.
The member said ground staff of private airlines do not recognise the MPs
Initial reports say the pilots had asked for a change in route (it was flying to Singapore) because of adverse weather.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
'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.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
The changes are in view of the requests received from interested bidders and the prevailing situation arising out of COVID-19.
Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.
Analysts expect holiday fares to inch up further closer to the travel dates, but airlines may still not be able to fully recover higher costs as fuel costs remain elevated
After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake.
Airlines have opposed the rules that make it compulsory for them to pay compensation to passengers in case a flight is delayed by more than four hours
'Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity,' says A K Bhattacharya.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
DGCA was irked by was a video on social media that showed passengers dancing on board a midair flight. The regulator has summoned the airline officials seeking an explanation.
Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
The aviation authority is concerned about financial health of Air India, Spicejet and Jet Airways.
Delhi airport, the country's busiest, runs out of slots due to runway capacity constraints.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
As many as 38 flights, including 23 domestic and nine international, were diverted from the Delhi airport to nearby cities between 6-8.45 pm.
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
The proposal is awaiting final policy sanction from the home ministry.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
Many firms have asked those joining on April 1 to delay their on-boarding by 2-3 months. The outlook for the airline, tourism, hotel, and media industries is bleak too.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Cash-strapped Air India should be run by professionals even if the government partially off-loads its stake to investors to keep it off-the-ground, a top global aviation professional has said.
These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
According to a survey by travel portal ixigo, economy airfares from Mumbai have shot up by almost 25- 30 per cent till the end of March.
In a letter to Air India Chairman and Managing Director Rajiv Bansal, the ICPA said, "In the press conference by Honourable Minister Shri Hardeep Singh Puri dated 16th July 2020, you had stated 'we are in negotiation with the pilots', which is far from reality." "It was not a negotiation, but the 'diktat' of the MoCA (ministry of civil aviation) which was conveyed to us. We would also like to place on record that the so-called negotiation was 'not harmonious' in any aspect," the Indian Commercial Pilots' Association (ICPA) noted.
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