Page 14 - Sharmistha Mukherjee

Faltering Air India looks set for take-off

After several failed attempts, the state-owned carrier finally seems to be on track to become profitable as turnaround plan gains traction

GMR, GVK can bid for six airports' privatisation

Norms limiting airlines' stake in SPVs managing airports to hurt Tatas

Six airports to get Rs 4k-cr private investment

Companies have to invest Rs 500-1,000 cr in each airport they get to manage

AirAsia India gets NoC from civil aviation ministry

Airline would now has to apply to DGCA for flying permit, which is the final step before it can start operations

Tatas to nominate 4 of the 6 directors

Four to be nominated by Tata Sons, remaining 2 directors would be representatives of Singapore Airlines

SIA to expand flights to and from India

SIA recently announced an alliance with Tata Group to launch a full service carrier in India

Domestic air fares likely to come down with capacity addition by Tata-Singapore Airlines

Domestic air fares shot up by 20-25% after exit of Kingfisher Airlines in October last year

AirAsia shareholder hits out at Tatas over venture with SIA

AirAsia says deal not violative of shareholder agreement

Tata ventures to lighten the air

AirAsia, SIA combinations likely to make travel cheaper in India

Tata, SIA incubated venture in April last year

Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations

MHA opens window for foreign business jets

In May, the govt had said that employment visas would also be required for intra-country movement

Delhi airport could rise high in the global hub club

This, at a time when Jet Airways is exploring possibilities to develop Abu Dhabi as an exclusive global hub

11 firms evince interest in Lucknow, Chennai airports upgrade

According to the qualification documents, the concessionaire would have to invest Rs 1,200 crore for upgrade of the Chennai airport

AI may cut number of unions from 15 to 2

Move to facilitate efficient decision making during negotiations between union representatives, management

As competition heats up in India, Hero heads overseas

The company is entering into distribution partnerships and setting up manufacturing plants in South America and Africa; Old competitor Bajaj Auto already enjoys dominance there

Auto Expo next year to be in Greater Noida

To be biggest in terms of number of participants

Air India expects to surpass its land monetisation target in FY14

This would clear way for sale of prime plot of land on Delhi's Baba Kharak Singh Marg

FinMin says no to Air India VRS

Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries

Govt asks airlines to reduce cancellation, rescheduling charges

To put in place ombudsmen at Delhi, Mumbai airports, make it easier for leasing companies to operate in India

AI seeks sovereign guarantee again

Since govt can't infuse the promised sum, airline wants to borrow from banks as cheaply as possible