Feb 19, 2015 at 20:45 | Source: CNBC-TV18
With the CCI nod, the low-cost carrier's original promoter is closer to taking the management control and ownership of SpiceJet. The CCI is learnt to have approved the deal that would see Singh acquiring more than 58 percent stake in SpiceJet.
Feb 19, 2015 at 08:43 | Source: Reuters
The Rafale was picked in 2012 over rival offers from the United States, Europe and Russia. A final deal has been held up due to a stalemate over a crucial component of the deal.
Feb 04, 2015 at 20:37 | Source: PTI
Interestingly, French Foreign Minister Laurent Fabius will not be raising the issue of the much delayed Medium Multi-Role Combat Aircraft (MMRCA) during his three day-visit beginning tomorrow.
Jan 30, 2015 at 15:18 | Source: CNBC-TV18
While the Marans have decided to exit the Airlines, there are no details on the contours of the transfer of ownership/control.
Jan 24, 2015 at 14:46 | Source: PTI
Jet Airways has sought the approval of shareholders to raise up to USD 300 million (about Rs 1,843 crore) through issue of securities to Etihad on a private placement basis.
Jan 16, 2015 at 10:00 | Source: Moneycontrol.com
Shares of SpiceJet jumped 10 percent as investors queued up for buying shares of the low-cost carrier after Ajay Singh decided to take complete control of the company which has been struggling with financial problems. Sun TV Network gained 9 percent as brokerages believe the SpiceJet deal removed a major overhang on the stock.
Jan 14, 2015 at 15:39 | Source: Firstpost.com
But one thing is clear: whether he remains at the helm or goes, his era is over. The airline business is not for people with very little capital and only crony power to sustain them. Goyal reigned in an era of crony power in civil aviation, and that era has, more or less, come to an end.
Jan 14, 2015 at 09:39 | Source: Moneycontrol.com
The airline said Goyal has pledged his entire 57,933,665 shares constituting 51 percent holding in the airline effective January 8 to PNB with a "non-disposal undertaking".
Jan 13, 2015 at 22:10 | Source: PTI
The airline has not stated how much money it has borrowed from PNB nor could be reached for comments. The bank also could not be reached for comments immediately.
Jan 08, 2015 at 08:29 | Source: CNBC-TV18
In a covert reference to former civil aviation minister Praful Patel, who blocked foreign airlines from flying in India, Baker said that the new civil aviation ministry needs to realise the benefits that foreign carriers bring and not block them in the name of unfair competition.