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.
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.
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
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:
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
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.
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
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.