The Concession Period for the project is 35 years including Phase 1 Construction of five years
The concession agreement was signed under the Government of India's regional connectivity-UDAN scheme
The government on Monday issued a Preliminary Information Memorandum (PIM) for 100 per cent stake sale in Air India
The regulator is also holding regular meetings with airlines, ground handlers, and other service providers like oil-marketing companies and catering companies
Air India has been facing a cash shortfall of over Rs 200 crore each month despite an increase in revenue
With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes
Fuel throughput charge scrapped; carriers to save Rs 500 crore a year
Results have major ramifications for smaller airports where airline staff are directly responsible for screening checked-in baggage
The decision comes after Iran fired missiles at two US air bases in Iraq, leading to heightened tensions in the region
The official data shows that, for example, the agriculture ministry has spent 49 per cent of its budgeted expenditure till November-end, compared to 70 per cent for the same period last year
Hardeep Singh Puri says tariff wars only work in the short run, hurt entire industry long term; rules out regulatory intervention
Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes
Air India has around 1,600 pilots and all of them have received the payment, he said
The release added that under the amendments, multiple airlines would be allowed to conduct operations between the two countries. Till date, only two airlines were permitted
In an official statement, the aviation ministry also said while as many as 10 airports commenced operations in 2019, 335 routes have been awarded, covering 33 aerodromes during the year
Secretaries to the civil aviation, agriculture, and transport ministries made presentations at the meeting
The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment
The Hanoi-headquartered airline had announced these flights in August and had been planning to connect India first in 2017 and then in 2018
An IndiGo A320 neo plane flying to Bengaluru on Thursday experienced high engine vibrations mid-air and returned to Mumbai airport, according to a senior official. There were 180 passengers on board the aircraft. Many A320 neo aircraft of the no-frills carrier that are powered by Pratt & Whitney (P&W) engines have been facing engine woes. The aircraft, flying from Mumbai to Bengaluru, was involved in an air turnback due to high vibrations in one of its engines. The plane has been grounded at Mumbai, the regulatory official told PTI. The official also said the plane made a safe landing and that the incident would be investigated. An IndiGo spokesperson said that during the flight, the pilot observed a caution message. "Standard operating procedures were followed and the aircraft returned to Mumbai as a precaution. The aircraft is currently under inspection at Mumbai," the spokesperson said. In the wake of persisting P&W engine problems, the Directorate General of Civil ...
The DGCA also questioned IndiGo's ability of meeting a Jan. 31 deadline to fix the engine issue, saying in a statement Monday that the target doesn't "instill enough confidence."