YIAPL, a fully-owned unit of Zurich Airport International, has been awarded the project to develop the Greenfield airport in Greater Noida, the concession agreement for which was signed on October 7.
Confirming the development, a senior official at the Directorate General of Civil Aviation (DGCA) said the aviation safety regulator was looking into the matter.
Information accessed from the Registrar of Companies shows that Palaypu has been a director in three companies. Two of these, Lakhi Investment Management Services and ISBN Securities Pvt Ltd, have already been struck off.
According to sources, the Tata Group has submitted an official expression of interest for the airline although the bid has not been placed through its affiliate airlines, Vistara or AirAsia India. A Tata Group spokesperson declined comment.
"Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
The hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over USD 17.6 million to China Aircraft Leasing Company Limited (CALC) as part of an aircraft lease agreement for rent and maintenance.
While many countries have opted for “air bubble” arrangements among each other, some countries have put a condition before travelers that they must be vaccinated against the coronavirus before they can fly.
Announcing the revival, the promoters said the “Jet 2.0 programme is aimed at reviving the past glory of Jet Airways” with a fresh set of processes and systems to ensure greater efficiency and productivity across all routes.
Indigo said it has been actively clearing payments against all pending credit shells since it resumed operations in May. Approximately Rs 1,000 crore or 90% of the refunds have been credited so far, the company said.
However, some employee unions of the loss-making national carrier have already thwarted the plan by asking their members not to participate or acknowledge the process.
Domestic flights India covid rules: This will help airlines in adding more flights on existing as well as new sectors as flight operations inch towards normalcy.
The minister had said on November 11 that the Indian airlines can operate up to 70 per cent of their pre-COVID domestic passenger flights due to the prevailing demand amid the coronavirus situation.
Lufthansa, one of the world’s biggest cargo carriers, began planning in April in anticipation of the shots that Pfizer Inc to Moderna Inc and AstraZeneca Plc are developing in record time.
The Left Democratic Front (LDF) government has filed the appeal challenging the Kerala High Court which dismissed the plea on October 19 on the grounds that it was directed against the privatization policy of the Centre and hence devoid of merits.
EU approval will mark a milestone in Boeing’s effort to return the Max to service outside the US, after the Federal Aviation Administration granted final clearance for the jet’s return this week.
Flights from India to Hong Kong have been barred for a fortnight on four prior occasions in the last three months — every time after passengers carried by Air India tested positive for coronavirus upon arrival.
US regulators on Wednesday cleared the Max to fly again, ending a 20-month grounding that was punctuated by damaging revelations, executive-suite turmoil and eye-watering cash consumption.
In India, the Directorate General of Civil Aviation (DGCA), however said it will study the FAA’s order and react accordingly.
Typically, airlines in India have not been paying a lot of attention to buying the latest and best technologies.
In a statement, Bo Lingam, president (Airlines) of AirAsia Group, said the company’s Japan and India businesses have been “draining cash”, causing the group “much financial stress”.
AirAsia Japan Co. filed for bankruptcy with the Tokyo District Court, after flagging last month it would cease operations in the country as the coronavirus pandemic that’s wiped out travel globally took its toll.
He added that IndiGo has already transported cargo equivalent to the loads carried in the last financial year, within the last five months at limited capacity.
A recent ICICI Securities report noted that capacity reduction has resulted in air freight rates rising by 30-60% on some routes globally, and even in India a rate hike of 7-15% was seen.
In late January, 47,756 operational routes criss-crossed the world, more than half of them in the US, Western Europe and Northeast Asia. By November 2, there were just 33,416 routes on global schedules, the data show.
Notably, the government has agreed to guarantee these loans, which comes as a huge relief to the loss-making airline in its effort to meet financing requirements prior to getting privatised.