Senior government officials told Moneycontrol that investors have raised concerns over the lack of segregation of assets, financials, and non-core components in the Public Sector Undertakings, making it difficult to assess their valuation.
The central government is not keen on continuing to fund the scheme under the current financial model, and a new model is in the works.
Alliance Air deplaned 11 passengers from a Kolkata-bound flight due to one man’s refusal to cut a phone call during take-off.
The growth in India's aviation sector over the last nine years has not been a cakewalk. As many as four ministers have led the Ministry of Civil Aviation and three airlines have nearly collapsed during the period
Alliance Air, earlier part of Air India, is now owned by AI Assets Holding Ltd (AIAHL), a special-purpose vehicle formed by the central government.
On Monday and Tuesday, around 70-80 pilots went on strike to protest against non-restoration of salaries to the pre-COVID level and non-payment of allowances, among other issues.
On Monday and Tuesday, around 70-80 pilots went on strike to protest against non-restoration of salaries to the pre-COVID level and non-payment of allowances, among other issues.
The state-owned airline is the monopoly operator on many routes. The disruption has meant that many airports in the country are without flights. That means people can be stranded, on an island like Agatti for instance, with no other options.
High jet fuel prices, disrupted aviation supply chains, and the financial health of domestic airlines have taken their toll on UDAN in FY23, with flight cancellations and fewer passengers.
The three Tata group airlines — Air India, Vistara and AirAsia India — had an aggregate market share of 25.9% in October. But there’s much more to be read in the numbers for the month.
Currently, state-owned Alliance Air flies to 55 destinations across India, mainly in Tier II and III cities
The minister also announced that under International UDAN, two new routes of Agartala-Chittagong-Agartala and Imphal-Mandalay-Imphal will be operationalised.
Chief Minister Bhupesh Baghel, who was in Raipur, virtually launched the inaugural flight at Bilasa Devi Kevat Airport, Bilaspur, located around 125 km away from the capital.
In an internal communication on Friday, Alliance Air CEO Vineet Sood told pilots that the airline has partially restored their salaries in April.
One of the demands is the restoration of pilots' salaries to the pre-COVID level.
Alliance Air said it will now fly daily with its regional jet, ATR42-600, from September 6.
Between January and June, Alliance Air canceled 1.74 percent of its flights every month while SpiceJet scrubbed 0.86 percent of its scheduled flights, data shows.
An award-winning physically challenged artist has claimed she was prohibited from boarding an Alliance Air flight from Bengaluru to Kochi recently as she was not willing to leave behind her battery-operated wheelchair.
The Sri Lanka Tourism Development Authority plans to attract 800,000 tourists during the rest of the year. The Sri Lanka Tourism Development Authority plans to attract 800,000 tourists during the rest of the year.
The 17-seater aircraft, which has been made in India, will be used to operate the flights on the Dibrugarh-Tezu route thrice per week, the airline’s statement noted.
The March summary report gives an indication that the B747s have been transferred to Air India and do not remain with Alliance Air. It is a given that the group will have to pump in a lot of money for fleet improvement. But the A319s and A321s are old. Will the group retire them and look for a simplified fleet of all A320neos eventually?
Air India will no longer handle bookings as well as queries related to Alliance Air from April 15.
In the first phase, flight services will be started on Dibrugarh-Pasighat, Dibrugarh-Tezu and Dibrugarh-Ziro routes, Alliance Air’s Dibrugarh station manager Narsing Rao Meesala said.
Civil Aviation Minister Jyotiraditya Scindia said the highest loss was incurred by the now privatised Air India with Rs 9,373 crore loss in 2020-21 and Rs 6,927 crore in 2021-22 (upto December 2021).
The DGCA has not uploaded the schedule of TruJet, as the airline has once again suspended operations. The schedule also puts the spotlight on all airports where only a single airline operates. Suspension of that airline or a commercial decision to discontinue the route would mean that airport getting disconnected from the air map of the country.