Arun Nayal

IndiGo: Rakesh Gangwal likely to seek procedural changes in RPTs in next board meet

Rakesh Gangwal could be questioned by the IndiGo board on his allegations of corporate governance lapses by his partner Rahul Bhatia and his controlled Interglobe Enterprises.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisi,  News

Jewar airport on fast-track! GMR, Adani, L&T, Reliance Infra in race for Rs 16,000 crore project

Jewar Airport: The bidding for Jewar project is expected to witness keen competition between existing players and new entrants as it will be the second airport in the national capital region. It will be developed under the pu

Jewar Airport, GMR, Adani, L&T, Rel Infra, GMR, NIAL, Fairfax India, sovereign wealth fund NIIF, PNC Infrastructure  News

Suzuki pips Hero to become the third-largest scooter makers

SMIPL, a subsidiary of Suzuki Motor Corporation Japan, clocked sales of 1,67,509 scooter units during April-June quarter compared to 1,11,238 units by Hero MotoCorp in the same period.

At the end of FY19, Hero’s domestic scooter sale stood at 7,19,087 units News

Turbulence at IndiGo: Promotors trade fresh charges

As reported on July 9, Sebi has sought response of Interglobe Aviation, which runs the IndiGo airline, on Gangwal's letter by July 19.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisi,  News

Ahead of Air India sale, govt calls for impact study of Jet Airways’ closure

Air India reported a loss of `7,635 crore in FY19 and had a total debt of `58,351 crore at the end of March 2019.

air india sale, psu, disinvestment, air india disinvestment, air india news, industry news

AirAsia India plans to add nine planes to fleet by end of 2019

The airline, a joint venture between Tata Sons and Malaysia-based AirAsia Berhad, received eight slots at Mumbai airport that were earlier operated by Jet.

airasia, airasia india, airasia domestic carrier, promotional base fare, airasia passengers, aviation, vistara, aviation sector, aviation industry News

Budget 2019: Govt plans comprehensive restructuring of national highway programme

Union Budget 2019: The aim is to significantly improve logistics, reduce the cost of transportation and increase competitiveness of locally manufactured goods.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: Aviation sector to get major boost as govt eyes maintenance hub status

Budget 2019-20: Having maintenance, repair and overhaul facilities has been a long-standing demand of industry

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

Bidvest can sell stake in MIAL, rules Delhi HC

GVK Airport Holdings, a subsidiary of GVK Power and Infrastructure, had approached the high court in April seeking to restrain Bidvest, a unit of Bid Services Division, from selling its 13.5% equity stake to a third party.

Bidvest, Mumbai International Airport, MIAL, delhi, Delhi High Court News

World Cup 2019: India topples England as bookies’ top choice

England, which was the most favourite team to win the trophy at the start of the tournament, has lost favour with the bookies.

Sports News

Aviation sector: Turbulence in wake of Jet Airways closure

The capacity deficit caused by the event will take time to be filled, say experts.

Airlines/Aviation News

Jet Airways crisis: Allocation of airline slots to continue till October end

With lenders taking the insolvency route to decide the fate of Jet Airways, the government has extended the allocation of the grounded carrier’s slots to other airlines till October end.

Industry News

Air India plans expansion to fill Jet Airways void; flights to Nairobi, Hong Kong, Bali likely soon

The national carrier has already bagged unused flying rights of grounded Jet Airways to cities like Dubai, Doha and London. Air India increased frequencies on Delhi-Dubai and Mumbai-Dubai routes from June 1.

Industry News

Relief for holidayers as June airfares cool down

As airlines take up Jet slots, fares have come down since March

June airfares, airport tcikets, cheap air tickets, cheap flight tickets, flight tickets in june, SpiceJet, Vistara, Delhi-Mumbai flight, Mumbai Bengaluru flights, Delhi Kolkata routes News

Colgate seeks nod from shareholders for royalty payment to parent

The promoter and promoter group own 51% of the equity in Colgate-Palmolive India while the remaining is with institutions and the public.

colgate, stock market, colgate stocks, colgate royalty, colgate shareholder, News

SpiceJet has to review business class model, says CFO Kiran Koteshwar

SpiceJet will review its plan to continue with its business class offering, SpiceBiz, from August as it focusses on its low-cost model.

spicejet, aviation sector, aviation industry News

World Cup mania: Indians say Namaste London louder than ever

A British High Commission spokesperson said around 5 lakh Indians received visas for travel to the UK during calendar year 2018 which was up 10% year-on-year.

Sports News

Jet Airways loses overseas flying rights; Indigo, SpiceJet bag most routes

IndiGo and SpiceJet bag most of the bilateral flying routes the carrier had.

Jet was the largest scheduled operator in India accounting for 13.8% market share in international operations during FY18. News

Tit for tat: US suspends self-handling rights of Indian airlines

The US has ordered the suspension of self-handling rights of Indian carriers at American airports, retaliating under a bilateral air services agreement against denial of similar concession to US passenger airlines here, sourc

For its part, India has asked the US to refrain from implementing the order. News

ABB India gets green light to pay 4% royalty to parent firm

While the Kotak Committee had suggested a threshold of 5% of revenues, market regulator Sebi decided on a much lower level of 2%.

Industry News

SpiceJet bets big on business class, offers seats at 30-40% less

Experts believe that average business class fares are likely to moderate in the coming days since Jet Airways, the largest provider of business class seats, shut operations last month.

spicejet shares codes with emirates for flights hires jet airways 500 employees News

In Mumbai International Airport deal, GVK lost opportunity to exercise ROFR

The GVK-led consortium has been running India’s second-busiest airport since 2006 and is building a second one in Navi Mumbai for about `16,000 crore.

Industry News

Jet Airways CEO to staff: Can’t pay salaries as banks have refused funds

Vinay Dube says no commitment or clarity on salaries can be provided as banks have refused interim funds

Jet Airways, Jet Airways CEO Vinay Dube, Jet Airways  employees, Jet Airways bid process, Etihad Airways, SBI, Boeing 737 NG, Jet employee union News

DigiYatra platform is likely to be in place by December

AAI chairman Guruprasad Mohapatra told FE’s Arun Nayal that a central passenger identity platform will be in place by the end of 2019, which will provide seamless movement between these airports. Excerpts:

DigiYatra platform, airport operators, Airport Authority of India, Guruprasad Mohapatra, DigiYatra scheme, Delhi, Mumbai, Bengaluru News

Jet Airways’ grounded aircraft: Air India has a change of mind

Sources said that the preliminary view within Air India is that since the five aircraft are not technically in a condition in which they can be straightaway put in operations either through wet or dry lease, it’s best not t

Air India, Jet Airways, Ashwani Lohani, State Bank of India, Rajnish Kumar, Boeing 777-300 ER planes, Airbus A330 News

Jet Airways crisis: Transfer of slots to other carriers temporary, govt assures lenders

No such protection for international slots as they are governed by foreign airports.

supreme court, rahul gandhi, congress, congress president rahul gandhi News

Curtains down for Jet Airways, resumption of services now depends on resolution process

Confirming the receipt of information about Jet stopping all operations, the civil aviation ministry said in a series of tweets that the bank-led resolution process is still underway and expected to end by May 10.

Curtains down for Jet Airways, resumption of services now depends on resolution process (File photo) News
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