Both debt-laden groups are have been looking to sell stake in separate deals in the Mumbai and Delhi airport operating companies to raise funds to meet their repayment obligations
The government has prepared a list of the airline's assets that could be hived off as part of the strategic sale plan for Air India and its subsidiaries.
The new service is based on strong financial rationale, but there are challenges galore
CMD Ajay Singh says the carrier was eyeing the e-commerce industry to generate revenue.
The helicopter which took off for Kathmandu airlifting a patient along with other passengers from Samagaun in Gorkha lost radio contact with Kathmandu tower after flying some 32 km.
Sharad Sharma was appointed as an independent director at the annual general meeting of the company held in August.
In this show, Gaurav Choudhury, Moneycontrol's Policy Editor discusses the fine print of India's first drone policy.
India’s aviation sector recorded double-digit growth over the past four years, but there are troubling signs that must be addressed before this proposed expansion
In July, Vistara announced that it would place orders for 19 Airbus and Boeing planes worth USD 3.1 billion and induct 37 more aircraft from the A320 neo family on lease.
The airline was granted a Rs 1,500 crore loan from Bank of Baroda last week, for which the government stood as the guarantor
Prabhu said the aviation ministry was also talking to aircraft manufacturers like Boeing and Airbus on how to increase the use of biofuel in planes
The loss-making carrier has been facing cash paucity since the government stopped funding the airline following its decision to privatise it last year.
For passengers with confirmed tickets to and from Kochi for travel up to August 26, the airline has waived off charges on date/flight change from the original travel date
The state-owned AAI, which manages more than 120 airports, is expected to operationalise more number of aerodromes, especially with new routes under the regional air connectivity scheme.
The growth in China in comparison stood at 8.3 percent and South Korea at 8.1 percent
The new offer will cover the airline's vast domestic network connecting 45 destinations and will also be available for international passengers getting on connecting flights from India
The Jet management has to take tough calls, and soon, to restore credibility. Investors will respect that rather than the chairman’s feelings of guilt and embarrassment.
Looking at pro forma quarterly numbers for next year, incorporating some of the strategic steps by Jet Airways, suggests operating profit may not be good enough and interest coverage may remain negative.
The services are expected to start from the winter schedule, beginning October end.
Operations of wide-body aircraft from the city were stopped in May 2015 over safety concerns, creating a furore from the locals and a large number of expatriates who made the city their hub for international travel.
Airlines will be able to offset the adverse impact of rising fuel prices and a fall in the value of the rupee by raising working capital from foreign lenders
The Malaysian airport company is reportedly working with a top international consulting and advisory firm to secure the acquisition
The airline's management had delayed remunerating its staff with the expectation that they would be convinced that a pay cut would be in the overall interest of the airline
These tickets are on sale for purchase from today and will remain available till August 9 for a travel period that starts today and goes up to December.
The budget airline has also introduced a new fare type – Economy Lite – for customers seeking simply the lowest fares.