The minimum distance threshold could be cut to 100 kms; the government plans to hold the second round of auctions in two months
Reddy, who is from the same party as that of the minister, allegedly created a ruckus at Vizag airport yesterday after being denied boarding by IndiGo as he was late. While the MP was finally accommodated on the same flight, all the major domestic carriers including IndiGo later banned him from their flights.
Aditya Ghosh of Interglobe Aviation argued that ministry could drop the ‘exclusivity’ clause for the subsequent auction rounds.
Jet Airways and IndiGo said their flights to Doha are operating as per schedule, amid some Arab states severing their diplomatic ties with Qatar.
Domestic airlines are all offering mega discounts as a part of their monsoon sales. The base fares on offer are as low as Rs 11-12 on selected destinations and periods.
In an interview to CNBC-TV18, Mayur Milak, Senior Research Analyst at IndiaNivesh Securities spoke about the impact of goods and services tax (GST) on airline sector.
The second most valued brand in India is mobile operator company Bharti Airtel with valuations of USD 7.7 billion. Life Insurance Corporation of India (LIC) ranks third with USD 6.8 billion.
Tickets on this route are available from Rs 2,900 onwards as part of IndiGo's inaugural offer.
The airline reported a 24.6 percent fall in the March quarter net profit at Rs 440.2 crore against Rs 583.7 crore posted during the same period last year.
Fuel costs rose 71 percent at Rs 1,750.5 crore against Rs 1,023.6 crore a year ago; net profit was reported at Rs 440.2 crore against Rs 185.2 crore YoY.
Net Sales are expected to decrease by 6 percent Q-o-Q (up 14.5 percent Y-o-Y) to Rs 4685.7 crore, according to ICICI Securities. IndiGo to report net profit at 161.3 crore down 66.9% quarter-on-quarter.
The initial tie-up is for two years and can be renewed later and the training will be conducted at the FTA's facility at the Parafield Airport in South Australia.
This is the highest number of flights operated by an Indian airline on a single day. Aditya Ghosh, enthused by the news, is gunning for 1000 flights for the airline soon.
The meeting, which lasted for 10 minutes at Shiv Sena's central office at Dadar here, came after Air India, and other airlines, lifted the flying ban on Gaikwad after he expressed regret for assaulting an AI employee on March 23.
A mid-air smash like debacle was averted over Delhi airport today after an Air India plane aborted its take off as an incoming IndiGo flight did a last minute go-around before touch down on an adjacent but merging runway.
The airline spent around Rs 2,316 crore in FY17 on salaries of 15,000 employees, out of which 2,000 are pilots that account for nearly half of the wage bill. In addition, employee cost was up by 26 percent on a year-on-year basis for the period.
Twenty cases of violations of guidelines by private airlines, including Jet Airways and SpiceJet, have come to the notice of aviation regulator DGCA this year till February, according to the government.
Disgruntled Aadhaar applicants have been flocking to Twitter to air grievances. Unfortunately, however, their tweets to @Aadhaar are not reaching the intended recipient.
The low-cost carrier, promoted by Ajay Singh, will fly on 11 routes covering four unserved and two underserved airports under the first phase of the government’s Ude Desh ka Aam Nagrik (UDAN) scheme.
Airlines today held detailed discussions with Civil Aviation Ministers and senior ministry officials about the regional connectivity scheme and issues pertaining to terminals for carriers at the Delhi airport.
After national carrier Air India cancelled the Pune flight ticket of Shiv Sena MP Ravindra Gaikwad for assaulting one of its staffers at Delhi airport, budget carrier IndiGo also refused to take him on board.
The airline's chief financial officer Rohit Philip declined to comment on whether the airline would seek compensation from Airbus Group for the engine issues.
Representatives of domestic airlines' grouping FIA today met Union Minister Nirmala Sitharaman and raised concerns over the move to permit overseas players to establish carriers in the country.