Sharmistha Mukherjee

The trial lasted four years

Motherson Sumi has delivered success by consistently staying ahead of the curve

While the airline is generating enough cash to maintain operations at current levels, its future will depend on cash infusion and the operational changes that follow

Sources say investors are considering pumping in about Rs 1,100 cr, which they believe will get the airline back on track

Interview with CEO, Vistara

After PM Modi enquired about the status of the airline last week, hectic parleys were carried out to arrive at a deal to recapitalise the carrier

It could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity

Also asks company to make salary payments by 15 December and refund cancelled flights in a month

Denied that Canadian officials had met the government regarding taking back Bombardier planes flown by SpiceJet

Move could be to enable low-cost capital access for airlines, which are trying to stay up in a tide of red ink

Likely to take up recapitalisation and payment plan

Auto major mum on deal value; 22% of domestic Gypsy sales have been taken up by the army

The latest order has come after a gap of almost two years due to the austerity drive initiated by the government in mid 2012

Committee to be asked to give its report by March-April next year

Aim is to improve regional connectivity; govt examining feasibility

Also exploring possibilities to start to satellite line maintenance stations in Myanmar and Bhutan over the next few years