NEW DELHI: Negotiations to keep Jet AirwaysNSE 0.13 % afloat have entered the final phase with promoter Naresh Goyal agreeing to step down from the restructured airline’s board if Abu Dhabi-based Etihad gives the “right price” for upping its stake. Etihad had last week told SBINSE 0.47 % it will buy Jet shares at Rs […]
Category: Civil Aviation
How an airline is casting a shadow on India’s coming elections
Narendra Modi rode to power five years ago on his business friendly credentials and the promise of generating millions of jobs. Now an airline is on the verge of collapse, bringing Modi’s image under attack just months before national elections.
Aviation ministry opposes demand for AAI profit as dividend
NEW DELHI: The aviation ministry has opposed the government’s demand for all of the Airports Authority of India’s profit for fiscal 2018 to be paid as dividend. The state-owned airport operator needs money to fund upgrades and expansion, aviation minister Suresh Prabhu said in a note to finance minister Arun Jaitley that was sent last […]
DGCA puts in place norms for digi yatra roll-out at airports
Aviation regulator DGCA has put in place norms for the roll-out of the much-awaited “digi yatra” facility, which will make air travel paperless and hassle-free.
Government likely to circumvent PESB route to fast-track hiring of directors at Air India
NEW DELHI: In order to fast-track the hiring of director-level executives at Air India, the Union Civil Aviation Ministry is likely to conduct the appointment process through its search-and-selection committee and not involve the Public Enterprises Selection Board (PESB), according to a senior government official.