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.
To bring down its aircraft strength of 133 to 95, National Aviation Company Ltd, which runs Air India, has worked out a combination of leasing, selling and phasing out of its existing fleet.
A 13.2 MW small hydro project on the Rishiganga river was swept away in the glacier burst in Uttarakhand on Sunday, but there is no danger of floods in the downstream areas as the water level has been contained.
The trio also accused PM Modi of single-handedly changing the parameters of the deal.
'The pay cuts have been very tough on those with entire families to support.'
A PAF spokesman said a "jet aircraft, while on a routine training mission, crashed due to technical malfunction near Attock" in Punjab.
Air India is aiming to improve its financials by pruning loss-making flights, improving fleet use, increasing web sales and selling & leasing back 14 Boeing 787s by March-end, top airline executives said on Monday.
He said the Pakistan Air Force was detected and the Indian Air Force responded instantly.
Sale of wide-body aircraft will not affect internatinal flights, says Jet
The government was also working on a package to promote connectivity and airports in the North Eastern states
Air India pilots and crew often play musical chairs, leading to a substantial revenue loss for the airline in an inefficiently managed set-up
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
An Air India Boeing 777 flight carrying 313 people on board returned to Newark airport in New Jersey, US, soon after take off following a bird hit that damaged its left engine.
Over 30 passengers have suffered ear and nose-bleed after the crew on Jet Airways flight 9W 697 reportedly forgot to select a switch that helps maintain cabin air pressure
Vistara CEO Phee Teik Yeoh discusses the airline's expansion plans and challenges with Alnoor Peermohamed.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
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.
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
The Centre for Asia-Pacific Aviation also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
Expressing solidarity with Malaysia, Prime Minister Narendra Modi on Saturday wrote to his Malaysian counterpart saying the global outrage over the shooting down of aircraft MH17 was "justifiable" and India supports efforts to establish the exact circumstances of the incident.
'Now Mr Modi has been offered a more real but different kind of war, which he has likened to the Mahabharat,' notes T N Ninan.
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
Wing Commander Sahil Gandhi was among the best fighter pilots of the Indian Air Force. He perished when the Hawk aircraft he was flying had a mid air collision in Bengaluru on February 19. Those who had flown with him tell Archana Masih/Rediff.com about the skilled flyer who had a fan following among young pilots.
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
The aircraft, on a routine sortie, crashed at 11.15 am, an initial report said, adding that the pilot of the aircraft Commander Janak Bevli ejected safely. There has been no loss of property in the crash or any casualities on the ground.
Jet Airways made a stand-alone profit of Rs 87.5 crore (Rs 875 million).
British air accident investigators looking into the cause of the helicopter crash that killed Leicester City soccer club owner Vichai Srivaddhanaprabha said on Thursday that the failure of the tail rotor mechanism had caused the pilot to lose control.
AirAsia's competitors are offering more reliable services.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
The company operated chartered flights from London Gatwick and Manchester airports to Goa between November and March and its closure will adversely impact local tourism.
Only nine of the airline's 370 daily flights were making profits.
Embraer cannot escape Indian laws just because it has struck a settlement with American authorities, Parrikar said.
'He is psychologically preparing the PLA and the Chinese public to avoid a loss of face.'
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
The cancellation of the project has far-reaching implications for the IAF, for which this was once its high-tech future fighter.
