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.
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.
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.
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.
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
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.
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.
Aviation sector: Turbulence in wake of Jet Airways closure
The capacity deficit caused by the event will take time to be filled, say experts.
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.
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.
Relief for holidayers as June airfares cool down
As airlines take up Jet slots, fares have come down since March
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.
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.
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.
Jet Airways loses overseas flying rights; Indigo, SpiceJet bag most routes
IndiGo and SpiceJet bag most of the bilateral flying routes the carrier had.
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
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%.
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.
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.
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
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:
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
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.
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.
Crash landing: Jet Airways lenders unwilling to commit fresh funds, airline headed for shutdown
Jet CEO Vinay Dube had indicated to the lenders — led by State Bank of India — it would be impossible to continue to operate the airline in the absence of some emergency funding of around Rs 400 crore. However, till the t
Jet Airways crisis: Airline fails to raise funds, extends cancellation of international ops
The full-service carrier operated just 6-7 planes of its fleet of 119 aircraft on Monday. Civil aviation rules in India require an airline to operate a minimum of five aircraft to keep its operating permit valid.
Mumbai Airport stake sale: GVK, Bidvest fail to reach settlement
Justice Sanjeev Narula will now hear the case on merit from April 29.
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