Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
Ending a seven-year-long wait, the Star Alliance Chief Executive Board, at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.
Star Alliance, the 19-member global airline grouping, on Thursday voted to accept India's national carrier Air India in the club that offers passengers a choice of over 17,000 daily flights across 160 countries.
Paving the way for Air India's entry into the largest global airlines' grouping, Star Alliance today unanimously decided to recommence the national carrier's integration process that was suspended in 2011.
No date has been announced for Air India's induction into the club of more than 28 leading carriers
Government called the move 'unexpected and disappointing'.
By joining Star Alliance, Air India will gain access to member airlines' common facilities at airports across the world, as well as code sharing and joint marketing opportunities.
Lufthansa is a founder member of Star Alliance and was the mentor airline for facilitating Air India's entry.
Finalisation of the date for joining the elite club will be decided only by Air India, Star Alliance vice-president for corporate office, Christian Klick, told reporters here during a media interaction.
For international travel, frequent flyers look at network and Air India's global network is weak.
Apart from Air India, the implementation of the airport hub project would involve the airport authorities, other Star Alliance partner airlines which operate from the two airports and ground handling agencies, among others, to make it easier for smooth transfer of passengers from one flight to another.
With Air India's July 31 deadline to join Star Alliance approaching, senior officials of the global umbrella body of airline and those from the national carrier would soon meet Indian government officials to discuss the progress made in this direction.
Air India would add about 400 daily flights and over 40 new destinations in India to the 27-member Alliance network of over 18,500 daily flights to 1,316 airports in 195 countries.
Star Alliance had announced last week that it was 'suspending' the government carrier's integration into its network.
Lufthansa has been Air India's mentor, helping and guiding it complete all formalities for joining the alliance.
The government will soon initiate talks with Lufthansa to mentor the national carrier to join the global airline group
Divide in management, board on appointments of brass.
The announcement of Air India's induction into the Star Alliance, which has 17 airlines as members and one of the oldest and the largest airline alliances, is likely to be made on December 13 in Beijing.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
It records 4,000 transfer passengers daily at Delhi hub.
Flight caterer TajSATS has partnered with Air India to improve the onboard food service on select domestic and international routes.
Star Alliance is generally reluctant to partner with Gulf airlines, partnering with Air India is the only option for the alliance to enter the Indian market, said a senior Air India executive, who also asked not to be named.
The company expects four to five per cent revenue growth from Star Alliance membership.
Vistara Chief Executive Officer Phee Teik Yeoh is expected to meet the senior management of BA over the next few days to discuss the partnership.
The Vijay Mallya-owned carrier would become the first airline from the subcontinent to join any of the global airline groups, the two others being 'Star Alliance' and 'SkyTeam', spokespersons of the airline and the alliance said.
German carrier Lufthansa wants to fly its superjumbo A-380s to India and is studying the pros and cons of when and which Indian city to operate from, top airline officials said on Tuesday.
While the latest airline to join the Star Alliance has met its target on occupancy for May, it remains woefully short on several other counts.
The Delhi airport, with the share of its transit passengers in total annual traffic nearly doubling in three years to about 18 per cent, appears to be transforming itself into an international hub.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
Jet Airways' prospects of entering the exclusive alliance brighten
Ashwani Lohani is presently working as Managing Director of Madhya Pradesh Tourism Development Corporation in Bhopal.
Air India will be Indian cricket team's 'preferred airline' for travel from now on with the national carrier signing an MoU with the BCCI in this regard. The deal, which comes into effect from September 1, has been signed for a period of one year.
Air India and Singapore Airlines have signed a bilateral agreement that would enable passengers of either carrier to earn and redeem miles on flights operated by the other.
MIAL's move comes at a time when the national carrier is in the process of joining Star Alliance.
Air India has officially opened its European hub at the Frankfurt International Airport from where it will operate its west-bound flights.
Cut-throat competition in the India-UK route has taken its toll on the UK's second largest full service scheduled airline bmi (British Midland).
Mumbai-based Leela Palace has joined the largest hotel alliance of the world, the Global Hotel Alliance
The Maharajah and his men are going places, and you can also hitch a ride
Jet Airways on Thursday announced the appointment of Wolfgang Prock-Schauer as chief executive officer and Peter Luethi as chief operating officer with immediate effect.
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