A consortium of insurers, led by Anil Ambani group's Reliance General Insurance, has made final payment of $20 million (about Rs 90 crore) towards aircraft insurance claims arising from the Mangalore crash in May.
Insurers have already paid 60 per cent of the total hull losses, which was estimated at $50 million (about Rs 230 crore), while AI will receive the balance 40 per cent by this week, industry sources said.
Mr Rahul Gandhi himself has given seven different prices in different speeches with regard to the Rafale, that is the 2007 offer.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
The airline has adopted a counterintuitive strategy of adding new aircraft and expanding capacity amid the slowdown, which seems to be paying off.
The airline has informed its flight attendants that they would be eligible for leave without pay between November 1 and December 20
'The COVID-19 pandemic must push the military into a long-term reconsideration of its primary challenges.' 'There must be greater emphasis on humanitarian aid and disaster relief including the management of contagious illnesses and impending crises caused by climate change,' notes Ajai Shukla.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
The national airline had incurred a net loss of Rs 5,859.91 crore (Rs 58.59 billion) last fiscal.
An India-bound Malaysia Airlines flight was on Sunday forced to turn back due to an auto-pilot defect, landing safely here, said the loss-making carrier already hit by the twin tragedies this year.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
"The Indian government approached asking us to open the airspace. We conveyed our concerns that first India must withdraw its fighter planes placed forward," Nusrat told the committee.
SpiceJet had last year announced a $4.4-bn deal for 42 Boeing 737 Max.
The team visited several locations in Arunachal Pradesh to determine if the reported sites can be definitively correlated with known crash sites involving missing US servicemen.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
In a bid to cut mounting annual fuel bills of Rs 8,000 crore (Rs 80 billion), Air India is to shed weight on its flights by carrying less food, newspapers and a half-filled water-tank on board.
Out of the total amount, Rs 17,359.77 crore is aircraft loan, while Rs 31,517.04 crore is working capital loan.
Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
Ajit Singh says will seek cabinet nod to scrap 5-year, 20 aircraft rule.
The Supreme Court has admitted for hearing a public interest litigation (PIL) alleging a major scam during the tenure of Praful Patel as the Civil Aviation Minister in the UPA-I government.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
Lease and maintenance rentals of aircraft, salaries to expatriate pilots, parking and landing rates at international airports and jet fuel prices are all dollar-denominated costs.
This is also the highest ever profit recorded by the carrier, which was facing turbulent times a year ago.
Patel is being questioned in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam.
While the fate of the pilot could not be immediately ascertained, there was no loss of life or property on the ground as the plane crashed in a field outside the village.
The 16-hour flight will be the first direct one from India to the US west coast.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
And what happens next?
Though India is one of the largest growing markets in terms of passenger volumes, airlines have not been able to add capacity to match growth.
Domestic passenger traffic soared by almost 40 per cent this year. This prompted nearly all the airlines to place orders for buying new aircraft, undeterred by the fact that they posted combined losses of about Rs 2,000 crore (Rs 20 billion) largely on account of rising fuel costs and payments of aircraft.
AI also working on proposal to trim pilots' pay 15-20%
Price appreciation since the aircraft order in 2005 could yield Rs 7,200-crore gain.
The pre-dawn operation, described as "non-military" and "preemptive" struck a five-star resort style camp on a hilltop forest and caught the terrorists in their sleep.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
In these times of high losses, airlines are looking at multiple options to earn cash.
The petition said that acts of the Centre and DGCA were highly prejudicial to employees of the company who have been waiting to get paid for the last five months and have been looking forward to the resolution in bid process.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
