Mysuru: Alliance Air will operate another 72-seater flight from Mysuru Aiport shortly, connecting the Heritage City with Kochi. Alliance Air will operate ATR72 flight on all days of the week except Monday. The flight will arrive at 8.05 pm and depart at 8.35 pm. As of now, the operations have been confirmed till October 26 […]
Day: April 1, 2019
IndiGo’s chief planning officer Micheal Swiatek quits
In an apparent setback to budget carrier IndiGo’s international operations, its chief planning officer Micheal Swiatek has left the airline, a source said. He is the second senior executive to part ways with the airline since December 2018. Swiatek joined IndiGo early last year and was working on strengthening its overseas routes, the source said. […]
Oil prices push higher as supply worries drive gains
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy. Brent crude for June delivery was up by 43 cents, or 0.6 per cent , at $68.01 a barrel by […]
Jet Airways pilots defer to April 15 decision not to fly
Mumbai: A major crisis at the struggling carrier Jet Airways was averted Sunday after it’s pilot’s body National Aviator’s Guild (NAG) deferred to April 15 its call of halting operations. The decision was taken at an open house meeting of NAG members that took place both in Mumbai and Delhi on Sunday afternoon, a guild […]
Saudi Aramco world’s biggest oil producer in 2018: Fitch
Singapore: Saudi Aramco was by far the world’s biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday. “Saudi Aramco is the largest oil producer globally by volume… In 2018 its liquids production and its […]
Earth Hour: Power discoms save 258 MW in Delhi
The power distribution companies in the national capital saved 258 megawatt (MW) of electricity during sixty minutes of the Earth Hour observed on Saturday night. Government and private institutions as well as people kept their electric appliances switched off during the Earth Hour observed from 8.30 pm to 9.30 pm. The two BSES discoms managed […]
SBI charts a new course for Jet without Naresh Goyal, Etihad
MUMBAI: State Bank of India (SBI), the biggest lender to Jet Airways (India) Ltd, has proposed a new plan to revive the ailing carrier that involves a total fund infusion of ₹9,535 crore, and the exit of founder Naresh Goyal and Etihad Airways PJSC. The plan includes an equity infusion of ₹3,800 crore by two […]
Pilots give Jet time till 15 Apr to clear salary dues
MUMBAI: About 1,100 unionized pilots of Jet Airways (India) Ltd have deferred by a fortnight a plan to abstain from work from Monday in a relief to the troubled carrier, as well as its passengers. The pilots union, National Aviator’s Guild, took the decision after the airline management paid the remaining 12.5% of their December […]
What firms are doing to bag lucrative gas distribution contracts
City gas distribution (CGD) operators seem to always have a trick up their sleeve when it comes to cornering lucrative geographical areas. While in the previous bidding rounds, firms went to the extent of not charging anything as network tariffs from customers, in the just-concluded ninth and tenth CGD rounds, some bidders offered to provide […]
Jet Airways says can’t clear pilots’ dues immediately
Struggling private carrier Jet Airways has expressed inability to clear salary dues of its pilots, saying it could pay only the balance 87.50 per cent of December pay, amid the looming threat of halting of operations from April 1. Meanwhile, the airline’s pilots body, the National Aviators Guild (NAG), has called an `open house’ of […]
Sprng buys Shapoorji Pallonji’s solar assets
NEW DELHI: Global private equity fund Actis Llp’s renewable energy platform Sprng Energy on Friday acquired 194 megawatts (MW) of Shapoorji Pallonji group’s solar assets for an enterprise value of $200 million, two people aware of the development said. Standard Chartered and Credit Suisse were the investment bankers for Actis and Shapoorji Pallonji group for […]
New capacities, improved coal availability to add heft to NTPC earnings
NTPC Ltd has ended FY19 on a high note. The company commercialized capacity of 910 megawatts (MW) last week and, according to JM Financial Institutional Securities Ltd, is in the process of commercializing two more units with a combined capacity of 1,600MW. Of course, project commissioning is still behind schedule. Requests by power distribution companies […]