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The move comes at a critical phase for Sarla Aviation as it prepares to scale operations and begin flight testing of its electric air taxi prototype.
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Speaking at CAPA India Aviation Summit, Bansal said AIESL, which provides engineering services to Air India, has a healthy balance sheet.
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With Jewar airport in the National Capital Region (NCR) and Navi Mumbai airport in Maharashtra -- both are expected to be opened by the end of next year -- the total passenger handling capacity at airports at major metros will be around 500 million in the coming years.
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The government is looking to make it mandatory for airlines in India to use sustainable aviation fuels, Rajiv Bansal, secretary in the ministry of civil aviation, said while addressing IATA Aviation Energy Forum
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Aviation Ministry Secretary Rajiv Bansal also noted that efforts are underway to hand over all operations of Air India by December-end to Tata group.
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Senior officials in the Civil Aviation Ministry and Air India told Moneycontrol that S K Mishra the government-appointed director on the board of the airline will take over everyday operations until the government takes a decision about the privatization of the national carrier.
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Rajiv Bansal replaced former Aviation Secretary Pradeep Singh Kharola, who retired on September 30, 2021.
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Bansal, 1988-batch IAS officer of Nagaland cadre, would assume the charge on September 30, following the conclusion of term of the incumbent Civil Aviation Secretary, Pradeep Singh Kharola.
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K Rajaraman, a Tamil Nadu cadre 1989 batch Indian Administrative Service (IAS) replaces Anshu Prakash as the new secretary in Department of Telecommunications (DoT).
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The Union Civil Aviation Ministry confirmed Air India's second phase of the strategic disinvestment from January 5, 2021. The process will begin with the announcement of the names of the qualified bidders.
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The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, has approved in-situ upgradation of a total of 10 officers to the level of special secretary in the rank and pay of secretary by temporarily upgrading the posts held by them.
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Air India chief Rajiv Bansal has been promoted to the secretary-level rank, according to a Personnel Ministry order issued on Sunday.
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A 1988-batch IAS officer of the Nagaland cadre, Bansal was appointed to the post after it fell vacant after Ashwani Lohani completed his tenure.
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The watchdog had issued a notice seeking to initiate adjudication proceedings against the company in November 2017.
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The caveat was filed Tuesday after the country's second largest IT company said it would take legal advice for further action on the tribunal's order, a representative of Indus Law firm, engaged by Bansal, said.
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"The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance agreement between the company and its former CFO, Mr Rajiv Bansal," Infosys said in a BSE filing.
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A 1985-batch Karnataka cadre officer, Kharola would be steering the national carrier at a time when the government has started the process for its strategic disinvestment.
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Kharola, a Karnataka cadre officer, would replace Rajiv Bansal, who has been serving as the interim CMD for a little over three months.
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This is Bansal's first formal communication with the employees after he was given interim charge as the Chairman and Managing Director last week.
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Rajiv Bansal, the former CFO of Infosys has approached the Arbitration Tribunal to claim his balance amount from Infosys.
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The country's second-largest software services company said the increase in Rao's salary followed a comprehensive survey of best practices and benchmarked senior management compensation with key Indian and global companies.
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The comments come against the backdrop of a recent public spat between Infosys founders and board members over alleged governance lapses.
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Speaking to CNBC-TV18, UB Pravin Rao, Chief Operating Officer at Infosys, said all options were being explored and that the company's board would decide on the timeline of the buyback and the cap allocation policy.
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Former Infosys Chief Financial Officer Rajiv Bansal has remained silent about being at the heart of the strife at his former company as well as his recent exit from Ola.
