NEPC Airlines, Damania Airways, Jet Airways, Kingfisher Airlines, Deccan Aviation, and Paramount Airways have one thing in common. These airlines and several others took off fast only to crash land or get bought out by others.
"However, if the lockdown is extended post-April 14, airlines will have to cancel the tickets booked for that time period," a senior Civil Aviation Ministry official said.
It is becoming increasingly clear that only large and established airlines can take advantage of the scheme
Currently, the two scheduled commuter airlines have suspended operations temporarily due to technical reasons, according to an official.
The incident, which took place on May 2 in the Bangladesh airspace, happened when IndiGo's Agartala-bound flight 6E892 from Kolkata and Air Deccan's flight DN 602, which was on its way to Kolkata from Agartala, they said.
State-owned AAI is the nodal agency for the scheme -- UDAN (Ude Desh ka Aam Naagrik) -- which seeks to connect unserved and under-served airports as well as make flying more affordable.
Air Deccan was to commence operations on Jamshedpur- Kolkata route by September 30 last year. The carrier did not have the 19-seater aircraft required, had to recruit pilots and other crew members, which caused the delay.
Air Deccan, which was granted the scheduled commuter operator's permit by the DGCA to launch air services under the Udan scheme, has started flights to Jalgaon and Nashik from Mumbai and Pune, and will soon connect Kolhapur as well
Air Deccan, which has bagged 34 routes in the first round of bidding for the scheme, has already announced the inaugural flight, which is set to take off for Jalgaon from Mumbai tomorrow. Besides, the ariline also plans to connect Nashik and Kolhapur.
Air Deccan is set to re-launch operations with its first flight under the government's Ude Desh Ka Aam Nagrik (UDAN) scheme on December 23.
Going by what analysts say, the Udan scheme poses a plethora of challenges for airlines that have won bids in the country's ambitious regional connectivity scheme.
The pioneer of low-cost travel in India has returned to his roots after nearly a decade with Air Deccan being authorised to fly to far-flung areas as part of the government's regional connectivity scheme.
Aviation Minister Ashok Gajapathi Raju, addressing the media, said the scheme will be active in the next 4-6 months.
Over 45 unserved and under-served airports would be connected under the scheme -- UDAN (Ude Desh ka Aam Naagrik) that seeks to make flying more affordable.
Mallya has been in the dock ever since his ambitious airline venture Kingfisher landed in financial troubles and got eventually grounded in October 2012.
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.
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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.
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Maverick entrepreneur Captain Gopinath’s logistics venture has been grounded because he can’t seem to get a handle on operations