IndiGo’s promoters have tweaked the airline’s shareholding structure to create headroom for roping in foreign investors. US-based airline veteran Rakesh Gangwal, who held 47.88 per cent in the airline through US-based Caelum Investment, will now hold this stake in his personal capacity. The changes followed the merger of Caelum Investment with Interglobe Aviation, which operated the airline, IndiGo said in a filing with the Registrar of Companies. The changes, carried out ... Rediff.com, 1 week ago
SpiceJet asks DGCA to increase notice period for Q400 aircraft pilots; IndiGo dubs the demand unreasonable and unethical Low-cost airline SpiceJet has asked the Directorate General of Civil Aviation to increase the notice period for pilots from six months to a year and fix a three-year lock-in period. The demand comes in the wake of several pilots quitting the airline and to prevent poaching by rivals. SpiceJet has said it has suggested a change in service rules for pilots who fly turboprop ...Rediff.com, 1 week ago
Starting a new airline from scratch is not an easy task in India. Fixing one that’s almost reached the brink is even less so. Ajay Singh, former promoter of SpiceJet and now in control of the Gurgaon-headquartered airline, is grappling with many imponderables -- including oil prices -- and is finding the going anything but smooth. Consider what he has on his plate. To start with, he has to convince the lessors who have been threatening to take back their aircraft not to do so -- a total ...Rediff.com, 2 months ago
'During the Queen shoot, I was pretty depressed. I thought I had done a crap job and no one would notice me.' Lisa Haydon opens up. Model-turned-actress Lisa Haydon was the surprise find in Kangana Ranaut’s Queen. Her bohemian character got terrific response but while shooting for the film, Lisa thought she was doing a 'crap job'. The stunning actress, who turns 29 next week, opens up about herself to Sonil Dedhia/ Rediff.com. You will be 29 on June 17. How do you plan ...Rediff.com, 2 weeks ago
SpiceJet is grappling with a crisis of customer confidence but it is acting swiftly and following in the footsteps of other big brands. It seems to have dodged the distress markers, at least for now. SpiceJet is back on its feet after a gruelling ordeal that saw the no-frills carrier cut its fleet size, cancel flights, default on dues, and face the ire of stranded passengers. To many it seemed as if the airline would never fly again, but it has; and through a series of timely measures, is ...Rediff.com, 1 month ago
While low fares spell good news for travellers in the short run, airlines need to have a closer look at their pricing policy in order to avoid disaster Image: Passengers disembark from an IndiGo Airlines A320 aircraft at Bengaluru International Airport. Photograph: Vivek Prakash/Reuters Domestic airlines in India seem intent on digging their own grave. With oil prices slowly inching up and fares heading south, airline losses are likely to mount. It’s almost as if the present accumulated ...Rediff.com, 1 month ago
The Directorate General of Civil Aviation (DGCA) has instructed all airlines to video record the pre-flight breathalyser tests of their pilots and crew. The directions were issued last month after an instance of a pilot evading the test came to light. DGCA rules make it mandatory for pilots and cabin crew to undergo breathalyser tests for all base departures. Pilots and crew undergo checks upon arrival in case of an international flight. Pilots and crew members who test positive ...Rediff.com, 2 months ago
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