Video: Interview with Indian civil aviation minister Ajit Singh
Another interview more on promise, and less on substance.
Tata-SIA joint venture receives FIPB approval
by Devesh Agarwal Photo © Devesh Agarwal The joint venture of Singapore Airlines (SIA) and Tata Sons, Tata SIA Airlines Ltd., to set up a full service airline, has won approval from India’s Foreign Investment Promotion Board (FIPB). The company has an initial capital outlay of $100 million with Tatas holding 51% and Singapore Airlines…
AirAsia India granted no objection certificate
By BA Staff AirAsia India today announced that the airline has been granted the no objection certificate by the Ministry of Civil Aviation and will begin the process of obtaining an Air Operating Permit and prepare to kick-start its operations. AirAsia submitted a request to start a joint venture to begin AirAsia India earlier this…
Air India constitutes over 80% of dues to Airports Authority of India
by Devesh Agarwal Air India is well known for receiving thousands of crores of tax-payer rupees in bailouts, however, the unfettered largesse to the beleaguered national carrier does not end there. The airline is the constant recipient of indirect dole in the form of huge overdues to state-run service providers like the Airports Authority of…
Your opinion: Question of the week: Is Jet Airways too financially weak? What should existing investors do?
by Devesh Agarwal Majority of Jet’s A330 fleet parked at New Delhi’s IGI airport In what is not a very uncommon development, The Economic Times reports, India’s financial markets’ watchdog, the Securities Exchange Board of India, better known as SEBI, has written to the Foreign Investment Promotion Board (FIPB), the approver of FDI proposals, expressing…
Bengaluru International Airport renamed as Kempe Gowda International Airport
The renaming of Bangalore’s Bengaluru International Airport (BIA) to Kempe Gowda International Airport received approval from the Union Cabinet yesterday. The lower house of the state legislature, the Karnataka Legislative Assembly, passed a unanimous resolution on December 10, last year and the upper house, the Karnataka Legislative Council, also passed a similar resolution two days…
Analysis: Etihad post strong results; government fears over Jetihad overblown
by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways announced yesterday that it had achieved record revenue growth for the second quarter and first half of 2013. For Q2 2013, passenger revenues grew a robust 8% to $921 million, while passenger revenues for the first half of 2013 hit $1.8 billion, up 13%…
Analysis: Will Jetihad lop-sided deal favouring Etihad be corrected or be an eye-wash?
by Devesh Agarwal Last week’s deferral by the Foreign Investment Promotion Board (FIPB) of the proposal of Abu Dhabi based Etihad Airways to buy a 24% stake in Jet Airways has brought to light how the middle-eastern carrier will have an equal or higher say in the functioning of Jet despite owning just 24%. The…
Video: A rather tame interview of civil aviation minister Ajit Singh
The Media India Group recently conducted an interview with Indian civil aviation minister Ajit Singh.
Opinion: Jetihad deal means India’s international market belongs to the MEB3
by Vinay Bhaskara When Abu Dhabi based Etihad Airlines announced in late April that it had acquired a 24% stake in Mumbai Will the MEB3 hold sway? based full service carrier Jet Airways for $379 million, it marked a paradigm shift in the state of the Indian air travel market. The newly formed “Jetihad” partnership would…
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