Opening another chapter in aviation industry, G R Gopinath, the pioneer in low-cost carriers, had his Deccan Charters Ltd join hands with Taj Air, the executive charter service of Indian Hotels Company Ltd (IHCL), and Business Jets India Pvt Ltd (BJETS), to launch Powerfly.
After some initial take off turbulence, Gopinath is now actively steering the air cargo business steadily with equity infusion from Reliance Industries.
'I remember AK came on set one day; one of his films had released the previous day and was not doing well. He was very attached to that film.' 'I felt he was low and that affected me.'
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The 68th National Film Awards saw actors from across India get together for the prestigious ceremony in New Delhi.
A survey of CEOs shows corporate India is unsure about the party's ideology, with some feeling its left-of-the-centre politics can be detrimental in the long run.
Getting more people to fly with you seems to extract a high cost, as pioneer Gopinath learnt and full service carriers rediscover.
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The move by Mumbai airport to have the drop-off point for autos at a distance from the terminals reeks of class distinctions, says Mahesh Vijapurkar.
SBI, along with a few other banks, had given loans to Gopinath for Deccan Cargo, a venture he started in 2009, a few years after he sold Air Deccan to Kingfisher Airlines.
Some pilots are already in touch with Gopinath while others are betting on Kingfisher's revival.
Faced with falling market share, full service airlines are slashing ticket costs to compete with low-cost carriers.
At a panel discussion at the Centre for Asia Pacific Aviation's summit in Mumbai on Tuesday, Gopinath also said that airlines should price fares so as to maximise loads.
Jayanth Pooviah, director and chief executive officer of Deccan Charters, confirmed the development.
The 10-member jury was headed by filmmaker Vipul Shah. The awards were announced by jury member Dharam Gulati.
The Queen faces fresh new challenges on personal and professional front, a teacher gets romantically involved with her pupil, a boy and his truck embark on fun-filled adventures, a game of thrones over panchayat politics and more OTT recommendations from Sukanya Verma this week.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
Second deal in 4 months after tie-up with RIL for cargo airlines.
'I don't think government needs to arrest him'.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
A new generation is being groomed to take over some of the top companies in India. They are savvy, well-educated, and their induction reflects the new complexities of business.
While the quantum of investment could not be ascertained immediately, RIL said that a wholly-owned subsidiary would provide 'growth capital' for the new cargo airline.
The resort, Barefoot, in which Gopinath owns close to 35 per cent, is spread over seven acres 'in exotic locale' and has 18 villas.
Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment, which he pioneered in the country.
Kingfisher Airlines on Thursday said its vice-chairman G R Gopinath has reduced his stake in the air carrier to 1.75 per cent after selling shares worth Rs 4.03 crore (Rs 40.3 million).
The company plans to offer end-to-end logistics solutions where it has custodial charge of the cargo. Till the back-end warehouse infrastructure is ready at the airline's national hub in Nagpur, Gopinath's freighters will fly the Dubai-Mumbai-Delhi-Hong Kong route, offering dedicated cargo space to freight forwarders and serve anyone who wants to move international freight to these cities for time-definite delivery.
Deccan is planning to travel international routes from August from three destinations in India.
Soorarai Pottru HELD A Ganesh Nadar'S attention till the last frame.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
UB Holdings, which operates Kingfisher Airline, last year picked up a 26 per cent stake in Deccan Aviation for Rs 550 crore (Rs 5.5 billion). Subsequently, they made an open offer for acquiring another 20 per cent taking its holding to 46 per cent. The merger between Kingfisher Airlines and Air Deccan of Deccan Aviation, is now awaiting Karnataka High Court approval.
Bangalore's new airport will be ready on March 7 to receive the first commercial test flights. It plans to start commercial operations on March 28 or 30, soon after Hyderabad's new airport does so on 16 March.
The Supreme Court on Wednesday issued notices to the Gujarat government and Chief Minister Narender Modi -- on a petition seeking an inquiry by the Central Bureau of Investigation into an alleged fake encounter -- in which a youth was killed in 2004.The petition filed by Kerala-based M R Gopinath Pillai alleged that his son Pranesh Kumar Pillai alias Javed Shaikh was gunned down by the Gujarat police for having links with terrorist groups.
Rising aviation turbine fuel cost, poor infrastructure, regulatory controls and reluctance of consumers to take to air travel are some of the issues hurting aviation industry in the country, Deccan Aviation executive chairman Captain G R Gopinath said.
After declaring that it would do whatever it takes to cut flab, Kingfisher Airlines has now said it will not retrench cabin staff.
Several states are identifying greenfield or unutilised projects for low-cost airport.
Low cost carrier Air Deccan will launch flights to seven new destinations soon.
Deccan Aviation, which operates the country's largest budget carrier Air Deccan, will make a preferential allotment to investors to raise $75-100 million for its expansion plans.
Kingfisher and Deccan had appointed Accenture to study the structure of the merger of the two airlines including operational synergies, network rationalisation and management structure.
He came to do one job but finds himself doing another. He came to work with a certain set of people and finds himself working with quite another. That's the piquant situation in which Ramki Sundaram, the 38-year-old officiating chief executive officer of SimpliFly Deccan finds himself today.
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