The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
Air India's home market share has fallen from 19.8% in January to 18% in July.
"We can confirm that there are no fatalities among our passengers and crew. All passengers and crew are accounted for and safe," the airlines said in statement.
It is understood he is moving court indicating lenders had been rough with him and, hence, caused damage.
Read Prime Minister Manmohan Singh statement after he visited Uttarakhand on Wednesday
Last October, the national carrier sold five planes of the same type to Etihad Airways for about $350 million.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
'While all would agree on the need to be ready to launch cross-border strikes on terror camps, there is sharp disagreement on how best to do it.' 'Through IAF fighters, or surface-to-surface missiles?' 'Or should army Special Forces be created to do the job?' 'If air strikes are the agreed priority, additional funding must be made available for the purchase of fighters and missiles.' 'If it is to be Special Forces, the army must be facilitated in raising a Special Forces Command,' notes Ajai Shukla.
Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
The aviation authority is concerned about financial health of Air India, Spicejet and Jet Airways.
The body of former President APJ Abdul Kalam, who died in Shillong on Monday evening, was carried to Delhi early Tuesday morning by a special aircraft from Guwahati.
Arpi deserves to be complimented for the commitment and hard work that have gone into this production. The frustrations of seeking reliable documentation from the catacombs of the Indian bureaucracy did not deter him from going after the best information available, and the result is one that he can take much satisfaction in. Ambassador Prabhat P Shukla, Member Advisory Council, Vivekananda International Foundation, reviews Claude Arpi's The End of an Era: India Exits Tibet.
Meanwhile, flight operations from the Kochi international airport will resume at 12 noon on Sunday, an airport official said.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
Jaitley can make his innings -- notwithstanding its likely length -- to be a watershed tenure, or just add to the image of the MoD drifting rudderless, says Brigadier S K Chatterji (retd).
SpiceJet did not provide the details of its ancillary revenue.
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
Despite low casualty figure, the storm left behind a trail of destruction as thousands of people lost their houses.
Strong passenger growth will help domestic airlines improve their top line and margins.
Air India is in a better state now than it was when Lohani's predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines.
With the focus now shifting from disaster mitigation of cyclone to flood relief, the defence ministry on Monday said it has pressed four helicopters into service to evacuate the marooned local population as well as to drop relief materials to Phailin hit areas.
'As the IAF kicks off another round of myth-making -- launching a year-long commemoration of the 50th anniversary of the 1965 India-Pakistan war -- it is worth remembering how little there was to celebrate in those September days when the underdog PAF got the better of the IAF in raid after raid, dogfight after dogfight.'
The sooner the airlines get their act together, the better.
Airline says can't discuss dues publicly, denies grounding of planes
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The pilot's decision and professional competence to bring flight AI 144 safely back to Newark Liberty International Airport after an engine fire, saved the lives of 300 passengers and 15 crew members. George Joseph/Rediff.com reports
Estimates of decline in arrivals vary from 30-50 per cent. Rouble fell to 80 against the dollar on Tuesday, but settled around 72 against the dollar its steepest fall in sixteen years.
President Pranab Mukherjee on Thursday condoled the death of Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed and said his contribution to public service will always be remembered.
India's economy could also suffer some ill-effects without necessarily triggering retaliation via higher tariff barriers against Indian goods, says Devangshu Datta.
This measure has been envisaged by the government against the backdrop of instances where certain social networking sites showed Jammu and Kashmir and Arunachal Pradesh as part of Pakistan and China respectively.
The national carrier's capacity is expected to grow by 9.2 per cent with the addition of six more Boeing 787 Dreamliners to the fleet, they said. As of February this year, the airline has 13 Dreamliners in its fleet out of a total order of 27.
The cyclone would bring light to moderate rains at most places and 'heavy to very heavy downpour' at some places on November 6.
'Rafale is an open and shut case and there is only one man who has done corruption'
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Dipam is conducting the selection of merchant bankers and legal advisors, and planning roadshows.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Here's a collection of stories that prove we live in a truly mad, mad world.
