Airlines
The Puducherry administration has finalized plans to commence domestic operations from the newly enlarged airport at Puducherry, with low-fare operator Spice Jet set to launch services to Bangalore on 10 October. Spice Jet has received clearance from the Ministry of Civil Aviation to operate the flight. Air India, Jet Airways,
Airlines
Hurricane Irene's impact on the eastern US coast is causing widespread disruptions in travel plans for passengers from Chennai, particularly those scheduled to fly on Saturday and Sunday. Jet Airways, Lufthansa, and Air India have canceled multiple flights to New York, Newark, and Washington due to US airport
Airlines
A close scrutiny of the minutes for appointment of the CMD, Air India, has revealed a shocking and appalling subversion of all norms of appointment by the Prime Minister's office. In 2008, the Search Committee, presided over by K.M. Chandrasekhar, Cabinet Secretary, and attended by senior officials,
Airlines
Air India's recurring defaults are a credit negative for its lenders, including State Bank of India (SBI) and Punjab National Bank, according to Moody's Investors Service Inc. The state-owned carrier, seeking a total equity support of '42,920 crore till fiscal 2021, including guarantees for
Airlines
Air India's financial woes have triggered a warning from Moody's Investor Services, indicating that a default by the flag carrier could have significant implications for its lenders, including State Bank of India, Punjab National Bank, and Bank of Baroda, which collectively account for 70% of Air
Airlines
The Comptroller and Auditor General (CAG) report on the Commonwealth Games has exposed the Delhi government and the Prime Minister's Office for letting sacked Organizing Committee chairman Suresh Kalmadi control preparations for the international event. The report, which has been made public, is a 743-page glossy publication peppered
Airlines
Turkish Airlines, the country's flagship carrier, is poised to expand its operations in India significantly in 2012, doubling its weekly services to 28 and making Hyderabad its third destination in the country. The move is part of the airline's broader strategy to tap into the rapidly
Airlines
The Indian government has approved an equity investment worth Rs 2.65 billion to help Air India pay its bank dues, thereby avoiding a non-performing asset (NPA) status. The national carrier received the funds from the Ministry of Finance, which will enable Air India to pay interest dues to banks
Airlines
Air India is exploring various options, including sale and leaseback and structured leasing, to acquire 27 Boeing 787 planes and reduce its significant debt burden. The airline has a debt of Rs 42,570 crore and an accumulated loss of Rs 22,000 crore, prompting it to seek an immediate
Airlines
The Boeing 787-8 has been in the making for several years, with Air India placing an order for 27 aircraft in 2005. However, the delayed delivery has raised concerns about the impact on the national carrier. As the test-pilot and engineering entourage of the aircraft can attest, the 787-8 is
Airlines
India's government has refused to allow international airlines such as Emirates and Deutsche Lufthansa to operate their A380 aircraft in the country, citing rules that protect state-owned Air India. This has denied passengers more choices and stifled competition for Air India, say industry experts. The rules are part
Airlines
Air India, India's national carrier, has paid the salaries for April and May to its 30,000 employees, but due to a cash crunch, it has failed to provide productivity-linked incentives to over a third of its workforce. This development has raised concerns about delayed payments in the
