BUSINESS
MC Exclusive: Govt aims to invite financial bids for Shipping Corp of India by September; list SCI Land & Assets in a month
Shipping Corp of India bids: The government had earlier aimed to list SCILAL on the stock exchanges by June, but the listing process was delayed due to issues pointed out by SEBI.
BUSINESS
JKC says will revive Jet Airways as per approved resolution plan amid creditors' calls for airline liquidation
The consortium's comments came after the creditors of Jet Airways on July 10 called for the grounded airline to be wound up, telling the Supreme Court that the resolution plan approved by the National Company Law Tribunal was not workable
BUSINESS
Titagarh Rail to invest Rs 650 cr in building capacity to execute orders: MD and CEO Umesh Chowdhary
Chowdhary added that Make In India and Atmanirbhar Bharat have truly helped Indian industry achieve scale and compete with international firms in global tenders.
BUSINESS
FlyBig has changed its order with De Havilland for a more economical option: Sanjay Mandavia
The airline now plans to acquire 10 new DHC-6 Twin Otter Classic 300-G aircraft, which will be delivered to FlyBig starting July 2024. These planes can touchdown on both water and land.
TRENDS
Go First case: Resolution professional not required to take control of aircraft, says Delhi HC
The judgment also notes that NCLT does not have the power to review judicial actions such as de-registration of aircraft. The HC made this observation while passing an interim order in favour of the lessors.
BUSINESS
RLDA issues fresh Rs 2,563 cr tender for Ahmedabad railway station revamp
The pre-bid meeting for the new tender has been set for July 18 and last date to submit bids for the tender has been set as September 5. Technical bids for the tender will then be opened on September 8 and the site visit will be carried on July 6, as per the tender document issued by RLDA.
BUSINESS
RLDA issues new Rs 4,500 crore tender to revamp New Delhi railway station
The new tender will also be an engineering, procurement, and construction (EPC) contract instead of a public-private partnership that the government was earlier considering.
BUSINESS
Govt raises highway building target for FY24 to 14,000 km from 12,500 km
This follows the speed of road construction rising significantly in May and June after getting off to a slow start in April.
TRENDS
Indigo pilot refuses to fly citing fatigue, flight diverted to Delhi
This is the second such case in a week in which a pilot has refused take-off. The time limitation norms for the Indigo pilot and crew kicked in when the flight landed in Lucknow, sources said.
BUSINESS
MC Exclusive: Wheels in motion, initial bids for CONCOR likely to be invited by August 1
Ministry of Railways is now on board the divestment of CONCOR and all earlier issues have been resolved.
BUSINESS
DGCA to conduct special audit of Go First facilities in Delhi & Mumbai next week
The airline on June 30 formally submitted its revival plans to the DGCA after securing the committee of creditors’ nod for interim funding for Rs 450 crore.
BUSINESS
Exclusive: Tender for Kavach systems soon, will cover 650 km of freight corridor
The tender will be worth around Rs 350 crore and will be floated by the end of August
BUSINESS
SpiceJet delays FY23 financial results as key audit member incapacitated
A source familiar with SpiceJet's operations said that the airline has likely delayed its results to mitigate the impact of a weak result at a time when other airlines are reporting record profits.
BUSINESS
MC Exclusive: Shailendra Ajmera to submit revised Go First revival plan to DCGA today
Following presentation of the plan, the DGCA will begin inspection of Go First’s fleet, which could take a week. If the fleet is found airworthy, the ban would be lifted and Go First could get back into business.
BUSINESS
MC Interview | Govt should consider PLI schemes for aerospace manufacturing: Melligeri of Aequs
Production-linked incentive schemes will encourage long-term investment in the sector, said chairman Aravind Melligeri
BUSINESS
Exclusive | Indian Railways plans to float tender worth Rs 25,000 crore to procure 60,000 wagons in July-Sept
The ministry will in July-September float tenders for the procurement of the 60,000 freight wagons, which may include a tender to procure 10,000 aluminum wagons as well.
BUSINESS
Go First stops pilots’ retention allowance from July 1
Sources say that the airline’s senior management has asked pilots to stay with the company as it was hopeful of starting operations from July.
BUSINESS
MC Explains: Why has IndiGo placed a new order for 500 planes when it has deliveries of 470 jets pending?
The $50-bn order secures IndiGo's future and profitability, and makes it harder for other airlines to compete with it, going forward. It gives the budget carrier ample time to plan out its future, map its domestic and global networks, and pilot requirements.
BUSINESS
Indian airlines take advantage of slowdown in aircraft, engine deliveries to China
Around 40 Boeing 737 aircraft manufactured for Chinese carriers are expected to be delivered to Indian airlines between 2022 and 2023.
BUSINESS
Exclusive: Railways may have to reissue tender for 120 Vande Bharat trains
Talks between state-owned RVNL and the Russian TMH turned sour after RVNL, acting on behalf of Indian Railways, said that it would like to become the majority shareholder in the JV created to manufacture the trains.
BUSINESS
How did IndiGo grab the market created by the grounding of Go First?
Experts attribute IndiGo's large fleet, extensive domestic network, pilot pool, and quick decision-making to its success in cornering the lion's share of the market share shed by Go First.
BUSINESS
Akasa Air eyeing expansion in Karnataka, Maharashtra, Goa, Kerala
The ailrine was waiting for an opportunity to increase flights on some of its most profitable routes out of the southern states but was struggling to get slots for the same. Now that Go First has filed for bankruptcy, Akasa Air will aggressively bid for the slots vacated by the former.
BUSINESS
JettWings Airways aims to start operations by October: Sanjive Narain
JettWings is the second regional airline that aims to start commercial operations in India in 2023. FLY91 is also looking to start commercial operations from MOPA Goa.
BUSINESS
MC Exclusive | International flights cancelled and delayed; Air India insiders share what’s going on
The airline has canceled 6 flights to international destinations and has delayed 14 more flights by more than 4 hours in the last six weeks.
