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In normal circumstances, the meeting on July 19 would have been a happy rendezvous between the architects of IndiGo. The country’s most profitable airline is expected to register its highest profit—more than Rs 1,000 crore. But on Friday, Rahul Bhatia and Rakesh Gangwal — the founders of IndiGo — will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will
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New Delhi: Aviation regulator DGCA Thursday permitted two Vistara pilots, who had issued a 'Mayday' distress call due to low-fuel near Lucknow airport while operating a Mumbai-Delhi flight, to resume their duties till the final investigation report comes in, sources said. "Both the pilots have been permitted by the DGCA to resume their flying duties. However, the final decision regarding them
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A bitter kerfuffle has erupted over the compensation of a deceased trainee technician recruited by SpiceJet, with his family squarely rejecting the airline’s staggered payment plan. Besides a sum of Rs 30 lakh under a group insurance policy, SpiceJet informed the family of Rohit Pandey that it will pay Rs 25,000 a month for 46 years, totalling Rs 1.38 crore. The airline said it will also take
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Mumbai: Wadia group-promoted budget carrier GoAir is likely to commence flight services to Bhutan from New Delhi, a source said Thursday. GoAir, which started flying international from October last year, currently operates to Phuket, Male, Abu Dhabi and Muscat. Last week, it announced expansion of its international operations to three new markets, Bangkok, Dubai and Kuwait, besides launch of
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Hubballi: In the wake of reports about Indigo Airlines planning to stop flight services from Hubballi to Ahmedabad, Mumbai and Chennai, the Karnatak Chamber of Commerce and Industry (KCCI) has urged Union Minister of Civil Aviation to intervene in the matter. In a letter to Union Minister of State (Independent Charge) for Civil Aviation Hardeep Singh Puri and also marked to Union Minister of
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Aviation India by Unknown - 3d ago
After Jet Airways went off radar in April, market leader IndiGo Airlines is now in the midst of a messy internecine battle. Rakesh Gangwal (36.68 per cent holding) has accused IndiGo’s other co-founder Rahul Bhatia (38.26 per cent) of violation of corporate governance norms including irregularities in related-party transactions.  It is critical that SEBI and the Corporate Affairs Ministry
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Making a case for increasing the number of directors on the IndiGo Airlines board, especially the independent ones, proxy advisory firm IiAs has pointed out that the current board is “silent” and its “ability to protect the company from its promoters is limited”. The firm has also criticised the promoters’ low engagement in board meetings, saying this is less than acceptable and a cause for
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Aviation industry this year saw some turbulent times, especially after Jet Airways was forced to shut its operations in April. But the Jet debacle did help two listed Indian aviation companies gain market share and expand the fleet of aircraft. According to a report by brokerage Prabhudas Lilladher, SpiceJet’s market share improved 170 basis points month-on-month to a 5-year high of 14.8
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Jet Airways (India) Ltd., admitted for insolvency resolution after being grounded, owes financial creditors Rs 8,463 crore. Banks and financial institutions had submitted claims worth Rs 10,231 crore, according to admitted claims disclosed by resolution professional Ashish Chhawchharia on the company’s website. Of these, Rs 337 crore worth of claims were rejected and Rs 1,431-crore claims are
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All Nippon Airways will launch the only direct flights between Japan and Southern India from October when it starts service between Tokyo-Narita and Chennai. The new route will be ANAs third to India along with flights from Narita to Mumbai and Delhi. It will operate Wednesdays, Fridays and Sundays from October 27  using a 169-seat Boeing 787-8 with 46 seats in business, 21 in premium economy

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