The CBI recently approached the special court in Mumbai for issuance of LoR to conduct a probe to ascertain utilisation of funds received in the US-based bank accounts of Mallya and now defunct Kingfisher Airlines.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
A shortage of pilots and cabin crew is one reason for flight delays.
During the checks on the Cessna aircraft registered with Business Jets India, the DGCA found that the pilots in command did not have necessary training certificates.
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.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
India Hospitality Corp said it would buy the Mumbai-based Mars Restaurant and airline catering company SkyGourmet Catering Private from Navis Capital Partners for $110 million.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Mumbai International Airport Ltd (MIAL), the private airport operator, had earlier announced that all operations at the CSMIA will remain suspended between 2.30 pm and 7 pm as a precautionary measure in view of the cyclone Nisarga.
For large start-ups the US market is considered to be a preferred destination, as Indian investors were seen as hesitant to pay the kind of valuation private equity investors or the US markets pay. However, Zomato's listing has quashed these notions.
From the Gulf countries to Malaysia and the UK to the US, the multi-agency operation christened 'Vande Bharat Mission' will see the state-owned AI operate 64 flights till May 13 in the first phase to ferry around 15,000 Indian nationals from 12 countries.
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
New Civil Aviation Minister Vayalar Ravi on Thursday sought the support of all employees of ailing Air India in restoring its lost glory and said the staff and the management should work in coordination to achieve this.
As per the Competition Act, no merger should create entry barriers for competition.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
Lohani's job was to turn around the MP Tourism Development Corporation.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
'Now we will have real employees as the owner of the airline.'
'Technology is streamliming the entire process of aid distribution and making it transparent and digital.'
Stock market investments are always said to involve risks and people who made big fortunes often made headlines as scamsters, leading to Dalal Street always being looked at with suspicion, but Rakesh Jhunjhunwala was broadly an exception. Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a $5.8 billion fortune and earn the tag of the country's biggest individual investor, leaves behind a relatively cleaner slate, as was seen in the most common description for him -- 'India's own Warren Buffett'. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes in post-liberalised India was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front.
Do you know the differences between the cheetah and the leopard?
"I am very concerned about the recent situation of COVID-19 pandemic in India. On behalf of the Chinese Government and people, as well as in my own name, I would like to express sincere sympathies to the Indian Government and people," according to the message from President Xi to Prime Minister Modi.
You cannot say Railways' problems will be solved by privatisation. The solution should be an outcome based approach. Very few railways in the world are privatised, Prabhu said.
The proceeds of the IPO are expected to be ploughed into activities like expanding the fleet of the airline, which was earlier merged with its sister carrier Indian.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
A mix of financial and strategic mistakes combined with poor expectations of the management are the reasons for the downfall of Indian airlines. For Jet, the deathly potion was even more toxic on account of the bitter squabbles between promoter Naresh Goyal and strategic partner Etihad Airways.
Kharola leads from the front. As a team player, he also uses technology to improve processes whether it is training or assessing metrics, a key trait that would help to improve service quality of the national carrier.
National carrier Air India is running in losses and needs government's attention.
Nitish Kumar will parade 130 MLAs before President Pranab Mukherjee if not invited to form government.
Former Air India executive director Jitender Bhargava comes out with a book detailing what went wrong with the national carrier. According to him, India does not have a civil aviation policy, and that's just the beginning.
While airlines are seeing improved demand and industry-wide seat occupancy has increased to over 60%, it is road trips which are generating higher traction. Booking trends show that customers are also choosing homestays or four- star and five-star accommodations, as hygiene and safety is a priority now.
A person in the know of the PIM details said an entity can put in bid for Air India on the "strength of its parent", which was not there before. A consortium can participate in the disinvestment process, provided each partner has at least 10 per cent stake as well as 10 per cent of the Rs 3,500 crore net worth requirement, according to the bid document. The lead member of a consortium should have at least 26 per cent stake. Individuals are allowed to bid as part of consortium.
Private sector airline Jet Airways will give its A340-300E aircraft on short-term wet lease to Air-India to operate a daily flight between Mumbai and London.
Sources said Unsworth had submitted a one-page letter indicating his interest in Jet but without any accompanying documents.
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