CNBC-TV18's Sunanda Jayaseelan reports that primary lender State Bank of India has called for an auction of property pledged by Deccan 360 to recover dues.
It has been a busy 2012 for the aviation space. While some carriers are reeling under heavy losses, others like Indigo are in the pink of health.
All eyes are on Kingfisher Airlines which faces suspension of its license on Saturday after it failed to reply to any of the questions posed in the Directorate General of Civil Aviation (DGCA) show cause notice.
Ravi Kiran reveals how you can identify a good business opportunity
ICRA Ratings has come out with its report on Indian aviation industry. According to the rating agency passenger demand is expected to remain stable and grow between 12-15% in the medium term, assuming a no major weakness in GDP growth going forward.
The chairman of Kingfisher Airlines, Vijay Mallya, said in an interview with the Financial Times on Friday he was close to sealing a USD 370 million deal with an Indian private investor and a consortium of banks that would save the airline.
Beware AirAsia. Beware Air Arabia. India’s most successful budget airline is coming your way.
Maverick entrepreneur Captain Gopinath’s logistics venture has been grounded because he can’t seem to get a handle on operations