Lessor Carlyle to buy 5.9% stake in SpiceJet at 55% premium over current market price

NEW DELHI: Budget carrier SpiceJet has sought shareholders’ nod to issue 5.91% stake to Carlyle Aviation Partners at Rs 48 per share — against Wednesday afternoon price of about Rs 31 on BSE. This February, Carlyle, which is SpiceJet’s biggest aircraft lessor, had decided to convert part of its dues to the airline into equity […]

Air India enhances its lounge access across domestic and international network

PUNE: Air India has expanded and enhanced its network of lounges across airports in India and at all overseas destinations, as it continues to enhance the travel experience for its premium customers, its officials said. Since embarking on its comprehensive, 5-year transformation plan, Vihaan.AI, Air India has increased the coverage of lounge access from 16 […]

AirAsia station manager who ‘didn’t wait for Karnataka governor’ suspended

BENGALURU: AirAsia India has suspended its station manager at Kempegowda International Airport (KIA), Bengaluru, for a month following Thursday’s incident in which a Hyderabad-bound flight took off before Karnataka governor Thaawar Chand Gehlot could board the aircraft. Raj Bhavan maintained that the governor arrived on time, but lapses on the part of the airline’s ground […]

Old main runway at Delhi airport to be shut down for 75 days for recarpeting

NEW DELHI: The old main runway of the Delhi airport (28/10) – famous for its erstwhile viewing “jumbo point” on the Gurgaon E-way – will be closed for recarpeting soon after the G20 leaders’ summit concludes on September 10, for about 75 days. The airport’s latest runway (29R-11L), which was commissioned on July 14 and […]

For governor’s missed flight, AirAsia suspends staffer

BENGALURU: Three days after an AirAsia India’s Hyderabad-bound flight took off before Karnataka governor Thaawar Chand Gehlot could board it at Bengaluru, the airline’s station manager at Kempegowda International Airport (KIA) has been suspended for a month. Besides manager Zico Soares, two more airline staffers are likely to be suspended over Thursday’s “lapse” before a […]

Go First resolution professional approaches NCLT seeking permission for refund of cancelled tickets

NEW DELHI: Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations. The Resolution professional of Go First has filed a new application before the Delhi bench of […]