AirAsia group chief executive officer Tony Fernandes on Monday openly admitted that there could be cannabilsation between his joint venture for low-cost airline operations and the Tata-Singapore Airlines joint venture in India, which will offer full-service operations. Air Asia is also in a joint venture with the Tatas. Fernandes also hit out at Indian airlines saying the entire civil aviation industry had tried to block AirAsia’s entry into India. Fernandes made the remarks in a ... Rediff.com, 3 weeks ago
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The recent past has seen ferment in India’s aviation landscape. Kingfisher Airlines shut down, dragged into oblivion by insurmountable losses. Other domestic airlines too reported record losses. Amid the gloom there was the good news about AirAsia and Singapore Airlines investing in greenfield airline projects in the country. But the news that made most sit up in surprise came when a four-month-old regional airline placed an order for 50 aircraft. In February, Air Costa, in ...Rediff.com, 1 month ago
Avili, who has several years of experience in the aviation industry, was part of the team that started AirAsia in 2001. At AirAsia, Avili played a pivotal role in its cross border brand expansion into Thailand and Indonesia. He then partnered the founders of ...Jagran Post, 2 months ago
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft. The airline is also talking with the ministry of home affairs (MHA) for security clearances for foreigners to be appointed in the core project team, after which it would apply to the Directorate General of Civil Aviation (DGCA) for a ...Rediff.com, 1 week ago
SpiceJet chief financial officer Sam Issac has quit the airline, apparently over differences on operational policy. He is the second senior executive to quit. A few days earlier, Virender Pal, chief technology officer, had resigned. A media report said Pal was asked to do so. The airline said both of them had expressed a desire to move on. Chief commercial officer V Raja would retire at the end of this month, the airline said. Issac was reported to have disagreed on the decision to launch ...Rediff.com, 1 month ago
Air India, JetLite and SpiceJet suffered operating losses of Rs 3,159.6 crore (Rs 31.59 billion), Rs 246.8 crore (Rs 2.46 billion) and Rs 279.8 crore (Rs 2.79 billion) respectively in 2012-13, Lok Sabha was informed on Thursday. Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a ...Rediff.com, 1 month ago
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