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Prince Mathews Thomas

Chief Of Corporate Bureau

Moneycontrol

Prince Mathews Thomas heads the corporate bureau of Moneycontrol. He has been covering the business world for 16 years, having worked in The Hindu Business Line, Forbes India, Dow Jones Newswires, The Economic Times, Business Standard and The Week. A Chevening scholar, Prince has also authored The Consolidators, a book on second generation entrepreneurs.

Bihar Assembly Elections | This is why SpiceJet's new Darbhanga service could feature in upcoming polls

BUSINESS

Bihar Assembly Elections | This is why SpiceJet's new Darbhanga service could feature in upcoming polls

SpiceJet will start services to Darbhanga, which also gets a new airport, from November

Hong Kong suspends Air India from operating flights till October 3

BUSINESS

Hong Kong suspends Air India from operating flights till October 3

This is the second such instance in a little over a month

Exclusive | COVID-19 impact: BlueDart springs a surprise, beats SpiceJet, IndiGo to become No. 1 air cargo carrier

BUSINESS

Exclusive | COVID-19 impact: BlueDart springs a surprise, beats SpiceJet, IndiGo to become No. 1 air cargo carrier

Though IndiGo was dominating the segment till March, data available till June shows BlueDart Express disturbing the apple cart, even putting to silence SpiceJet's claims of being the number one

Dubai suspends Air India Express operations for flying COVID-19 positive passenger

BUSINESS

Dubai suspends Air India Express operations for flying COVID-19 positive passenger

The suspension will be from September 18 to October 2

Explained | Aircraft (Amendment) Bill 2020 gives teeth to DGCA, just like Companies Act 2013 did to SFIO

BUSINESS

Explained | Aircraft (Amendment) Bill 2020 gives teeth to DGCA, just like Companies Act 2013 did to SFIO

The 2013 Act empowered the Serious Fraud Investigation Office to make arrests. In a similar manner, the DGCA will now be empowered to keep a closer check on erring airlines and airport operators

The many fights of the Kirloskar brothers. Who will win the next round?

BUSINESS

The many fights of the Kirloskar brothers. Who will win the next round?

SEBI may soon pass an order on a case that has opened up another battlefront in the war between the three brothers. Will it be Sanjay Kirloskar, or his brothers Atul and Rahul, who will end this round with a smile?

Air India Express crash: A year earlier, an Etihad flight's narrow escape at Kozhikode airport was a wake up call

BUSINESS

Air India Express crash: A year earlier, an Etihad flight's narrow escape at Kozhikode airport was a wake up call

But there is little to show if anything was done to overcome shortcomings of the airport's infrastructure

Air tickets refund: Airlines are returning booking amount of flights cancelled during lockdown. But there's a catch

BUSINESS

Air tickets refund: Airlines are returning booking amount of flights cancelled during lockdown. But there's a catch

IndiGo has said its credit shell balance is down to 25-30 percent of the total bookings. But it's not the same for all airlines

IndiGo slashes salaries again, CEO Ronojoy Dutta takes 35% cut

BUSINESS

IndiGo slashes salaries again, CEO Ronojoy Dutta takes 35% cut

The second round of salary cut comes a week after the airline announced a 10% layoff

Steel demand may get back to normal levels by Q4FY21: JSW Steel Jt MD

BUSINESS

Steel demand may get back to normal levels by Q4FY21: JSW Steel Jt MD

Though the demand plummeted by over 90 percent in April, it has gradually improved, JSW Steel's Jt MD and Group CFO Seshagiri Rao said

Jet Airways insolvency: FSTC-led consortium promises $100 million initial investment to revive airline

BUSINESS

Jet Airways insolvency: FSTC-led consortium promises $100 million initial investment to revive airline

The consortium has also got the backing of serial entrepreneur Ajay Relan.

SpiceJet says it has won rights to fly to the US, UK: Is it a big deal and other questions answered

BUSINESS

SpiceJet says it has won rights to fly to the US, UK: Is it a big deal and other questions answered

Industry observers point to Vistara, which had got similar designations done over a year ago, but is yet to start flights to the US and the UK

International flights: After US, SpiceJet now gets flying rights to the UK

BUSINESS

International flights: After US, SpiceJet now gets flying rights to the UK

It is yet unclear when the airline will operate these flights

China saves the day for JSPL as it returns to black in Q1

BUSINESS

China saves the day for JSPL as it returns to black in Q1

The raging anti-China sentiment notwithstanding, JSPL has latched on to the export opportunity in the country, and other markets like Europe, to post a record quarterly EBITDA

Air India pilots say June salary received, but allowances cut by 80%

BUSINESS

Air India pilots say June salary received, but allowances cut by 80%

Pilots allege there have been deeper cuts in both allowances and basic pay, in some cases, than was indicated by the management or the civil aviation ministry.

IndiGo layoffs: Pilots escape the axe, for now

BUSINESS

IndiGo layoffs: Pilots escape the axe, for now

"IndiGo may be the first to formally announce a layoff. Other airlines have already done so, though they package it as leave-without-pay," said a senior executive.

This former pilot now wants to make Jet Airways fly again

BUSINESS

This former pilot now wants to make Jet Airways fly again

Sanjay Mandavia is among the few pilots who later became entrepreneurs. Now he has a rarer opportunity of becoming the pilot-owner of an airline

Air India allows to change names on tickets of flights cancelled during lockdown

BUSINESS

Air India allows to change names on tickets of flights cancelled during lockdown

This is valid for passengers who had booked for flights cancelled due to COVID-19 related restrictions, from March 15 onwards till August 24.

Air India pilots now brace for steep pay cut, right after the leave-without-pay shocker

BUSINESS

Air India pilots now brace for steep pay cut, right after the leave-without-pay shocker

Air India is expected to soon announce more steps to cut wage bill

Allcargo Logistics reviews crane business as it looks to go asset-light

BUSINESS

Allcargo Logistics reviews crane business as it looks to go asset-light

Allcargo Logistics has already sold its warehousing vertical to Blackstone

International travel is picking up. But is it time yet to book those tickets?

BUSINESS

International travel is picking up. But is it time yet to book those tickets?

Despite the challenges, countries are opening up, and airlines are adding to their services

Flying during COVID-19 times: Of half-empty flights, social distancing and now an offer to buy adjacent seats

BUSINESS

Flying during COVID-19 times: Of half-empty flights, social distancing and now an offer to buy adjacent seats

Vistara's offer - and other airlines will soon follow - to let customers book adjacent seats too, has again set off a debate on the middle seat

Emirates resumes layoffs, fires 800 pilots in a day

BUSINESS

Emirates resumes layoffs, fires 800 pilots in a day

The airline had paused the layoff exercise in June

International flights | SpiceJet Chairman Ajay Singh and UAE Ambassador wrangle over open-sky policy

BUSINESS

International flights | SpiceJet Chairman Ajay Singh and UAE Ambassador wrangle over open-sky policy

Singh said steps should be taken to help Indian carriers get more share of the international traffic. The Ambassador had a differing view

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