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Tuesday, May 17, 2022
Boeing CEO says company understands 'lives depend' on plane safety

Boeing agrees to settle with Ethiopia 737 Max crash victims

November 11, 2021 9:18:35 am

In the agreement, Boeing accepted responsibility for Ethiopian Airways flight 302 losing control shortly after takeoff from Addis Ababa Bole International Airport.

‘With curbs relaxing, it’s an opportunity to grow, expand further,’ says Vistara’s chief commercial officer

November 9, 2021 9:55:26 am

Vinod Kannan, who is set to become the airline’s chief executive Jan 1 onwards, also spoke about Vistara’s growth plans in the face of Tata Group acquiring Air India, and the importance of market share in the domestic segment particularly given the imminent entry of two new airlines.

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Interglobe Aviation posts bigger quarterly loss as fuel expenses soar

October 28, 2021 6:42:53 pm

Interglobe's aircraft fuel expenses in the quarter soared 19.89 billion rupees in the reported quarter, the company said.

Government signs share purchase agreement with Tata Sons for Rs 18,000-crore Air India deal

October 25, 2021 5:26:18 pm

Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.

Festive demand push: Domestic air traffic count nears pre-Covid levels

October 19, 2021 7:49:22 am

Recently, the ministry allowed airlines to operate 100% of their scheduled capacity keeping in mind the growing demand for air travel on account of the onset of festivals season.

Sans govt support, high costs & staff management of Air India to test Tata

October 10, 2021 4:00:26 pm

On Friday, the government announced that the Tata Group was the highest bidder in the airline’s disinvestment process, having placed a bid of Rs 18,000 crore, of which Rs 2,700 crore will be paid to the Centre in cash and the remaining will be absorbed as debt from the airline.

AI privatisation heralds end to taxpayer-fuelled ops; deleterious effect on industry fares, salaries

October 9, 2021 7:56:59 am

For much of its lifetime, Jet Airways competed directly with Air India in the premium segment, and near-endless supply of taxpayer money at regular intervals for the state-run carrier meant Jet and other Indian airlines had to contend against an airline that constantly had its losses subsidised.

Tata’s Air India buy: Restructuring of wages, VRS may be key to plan

October 9, 2021 6:32:02 am

Talace Private, a wholly owned subsidiary of Tata Sons, which won the bid for sale of equity shareholding of the Central government in Air India, will look to change the past by setting the airline on a glide path similar to the two other airlines the group runs and manages — Vistara Airlines, and AirAsia India.

New dawn for Air India: Jyotiraditya Scindia

October 9, 2021 6:27:58 am

"Air India's return to the Tata group marks a new dawn for the airline! My best wishes to the new management, and congratulations to DIPAM Secretary and the Civil Aviation Ministry for successfully concluding the difficult task of paving a new runway for the airline to take off!" the minister tweeted.

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Ratan Tata tweets ‘Welcome back, Air India’ after Tata Sons wins bid for national carrier

October 9, 2021 8:38:07 am

Tata Sons Chairman Emeritus Ratan Tata tweeted a photograph of the company's former chairman JRD Tata getting down from an Air India flight.

Tata Sons wins bid for acquiring national carrier Air India

October 9, 2021 2:07:26 am

The Tata Group placed a winning bid of Rs 18,000 crore. Along with the assets, the new owner will also take on around Rs 15,300 crore of debt, Secretary, Department of Investment and Public Asset Management Tuhin Kanta Pandey said.

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Post UK plaints, NHA comes up with ‘international vaccine certificates’

October 1, 2021 7:51:10 am

This mainly includes display of the vaccinated person’s date of birth on their certificate.

Post UK plaints, NHA comes up with ‘international vaccine certificates’

October 1, 2021 1:48:38 am

This mainly includes display of the vaccinated person’s date of birth on their certificate.

Excise dept asks SpiceJet to pay ‘GST dues’ of Rs 285 cr to Haryana

September 22, 2021 3:45:48 am

According to the order, SpiceJet owes Rs 163.22 crore in forward charge liability and a reverse charge liability of Rs 122.64 crore from 2019-20 till September 7, 2021, to the Haryana government.

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Tatas, SpiceJet chief in race as Air India divestment enters the concluding stage

September 16, 2021 7:12:40 am

The airline’s divestment is expected to give the successful bidder control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, and 900 slots at airports overseas.

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Jet Airways to resume domestic services in Q1 of 2022: Jalan Kalrock

September 13, 2021 2:38:16 pm

The National Company Law Tribunal (NCLT) in June this year had approved the Jalan Kalrock Consortium's resolution plan for Jet Airways, two years after the once-storied full-service carrier went into insolvency proceedings.

Air India transfer of assets to SPV to be TDS, TCS exempt

September 13, 2021 1:11:16 am

As a precursor to Air India sale, the government in 2019 had set up a special purpose vehicle, Air India Assets Holding Ltd (AIAHL), for transfer of debt and non-core assets of the Air India group.

Jet: Boeing 777 plane in Dutch custody sold; insolvency process to close now

September 5, 2021 2:54:27 am

Jet Airways is facing insolvency proceedings in the Netherlands in response to a complaint, where it was declared bankrupt in response to a complaint by two European creditors.

US bars Virgin Galactic rocket plane flights pending mishap probe

September 3, 2021 10:19:49 am

The FAA confirmed on Wednesday that it was investigating a deviation in the descent of the flight of the Virgin Galactic rocket plane that carried British billionaire Richard Branson to the edge of space on July 11.

IndiGo commences flight services from Bareilly

August 12, 2021 6:11:52 pm

Union Aviation Minister Jyotiraditya Scindia flagged off IndiGo's Bareilly-Mumbai flight that would operate under regional connectivity scheme UDAN.

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IndiGo starts operating flights on Imphal-Shillong route

August 4, 2021 5:50:35 pm

Shillong is the second city to be connected with Imphal under the UDAN scheme

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IndiGo announces special fares on its 15 year anniversary, check details here

August 4, 2021 2:31:01 pm

IndiGo launched a three-day special sale offering all-inclusive fares starting from Rs 915. The offer will be available from August 4-6, 2021.

Amid rising student demand, Air India to double US flights

July 31, 2021 1:40:36 pm

The doubled frequency, however, is still half the 40 flights a week that Air India operated prior to the US government order in May banning travellers from India due to rising Covid-19 cases here.

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Billionaire investor Rakesh Jhunjhunwala plans 70 planes for new airline

July 28, 2021 4:44:48 pm

Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation ministry in the next 15 days, he said in a Bloomberg Television interview Wednesday.

IndiGo parent clocks highest-ever quarterly loss on 2nd wave hit

July 28, 2021 3:25:25 am

The company reported a consolidated net loss of Rs 3,174.20 crore for the June quarter, its highest quarterly loss ever, as against Rs 2,844.3 crore loss reported during the same quarter of the previous year.