Jet fuel price Tuesday was cut by a record 14.7 per cent on the back of decline in international rates, making it cheaper than both petrol and diesel. The price of Aviation Turbine Fuel (ATF) — used to power airplanes — was slashed by Rs 9,990 per kilolitre, or 14.7 per cent, to Rs 58,060.97 […]
Day: January 1, 2019
PSU share sale at record high of Rs 77,417 cr in 2018; Air India sale next
The government raised a record Rs 77,417 crore from sale of its stake in public sector units in 2018, and the disinvestment programme is headed for another blockbuster year in 2019 with planned privatisation of national carrier Air India. The BJP-led NDA, which in its previous stint privatised the most number of PSUs ever, continues […]
Maha govt, LIC to bid for Air India’s iconic building
Life Insurance Corporation (LIC) of India has come to the aid of the national carrier Air India (AI), which is struggling to survive, by bidding for its iconic Nariman Point headquarters in Mumbai. The Maharashtra state government is the other bidder for this high-rise. Incidentally, both these entities already have their landmark offices — LIC […]
Airspace closure for Republic Day to hit over 840 flights in Delhi: Report
The air passengers will have a tough time for a week between January 18 and January 26 with over 840 flights set to be affected due to Republic Day preparations. The Indian Air Force (IAF) has proposed a seven-day closure this year. Nearly 800 flights to and from Indira Gandhi International (IGI) Airport in Delhi […]