The civil aviation ministry is likely to abolish the ‘5/20 rule’ that restricts companies from flying abroad unless they have flown in India for five years and have a fleet size of 20 aircraft, according to sources. “The 5/20 rule in its present form will not exist for sure,” said a senior official, with the civil aviation ministry, adding: “To ensure that the older airlines do not complain, some form of restrictions will be there.” According to him, the ... Rediff.com, 1 month ago
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Archana Rao presented a breezy collection of outfits on Day One of Lakme Fashion Week Summer/Resort 2016. Quirkbox’s collection was inspired by France, and Sahil Kochhar’s outfits reminded us of the beautiful floral prints etched on the walks the Taj Mahal. Photographs: Hitesh Harisinghani/Rediff.com Archana Rao’s love for white was pretty evident in her collection A Petticoat, which was inspired by a fictional character called Lolita. She worked her magic through ...Rediff.com, 1 month ago
There was a major security scare across several airports in the country, including the national capital, following a phone call from the US that 11 aircraft of private carrier IndiGo could be in the danger of being blown up. Airline sources said the caller, who identified himself only as Smith from the US, said at least 11 flights of IndiGo, which were either ready for take off or had already departed from around 10 airports, were facing a bomb threat from a woman flyer. The threat ...Rediff.com, 2 months ago
The last few years may have been turbulent for Vijay Mallya but that didn’t stop him from having fun, says Raghu Krishnan. Image: For his 60th birthday in December, Mallya flew in Enrique Iglesias to perform at his villa in Goa. Photograph: Vijay Mallya/Twitter On March 1, among those milling around in Parliament was an independent member of the Rajya Sabha from Karnataka. He could be seen talking to fellow lawmakers, making short conversations with them. The next day, ...Rediff.com, 2 months ago
The civil aviation ministry has decided to stick to its original proposal of auctioning international flying rights out of major Indian airports to foreign carriers, despite stiff opposition from incumbent airlines. The proposal got the backing of the ministry of external affairs during inter-ministerial consultations over the draft civil aviation policy. “We've decided to retain the original proposal of auctioning rights. "We have not faced any opposition over it from the MEA," said a ...Rediff.com, 2 weeks ago
With a Rs 20-crore campaign the airline hopes to lure fliers with in-flight and airport services, not just bargain fares Jet Airways is launching its first large scale multi-media campaign in nearly a decade, as it looks to position itself as a carrier offering the best customer experience. The campaign expected to cost close to Rs 20-crore (Rs 200-million) and tag-lined, “Get More” is a corporate branding initiative and a move away from the ‘special offers and cheap ...Rediff.com, 3 weeks ago
The SpiceJet management is planning offer stock options option to high performers. The turnaround of low-cost airline SpiceJet is attracting fresh talent from the sector. The country’s second largest low-cost air carrier had earlier seen an exodus of executives, pilots and cabin crew as it faced a near-death experience. According to sources, 40 executives in the middle to senior level are set to join the airline from rival IndiGo. Saptarshi Bose, senior manager of revenue ...Rediff.com, 1 month ago
Infosys was the top Sensex gainer up nearly 6% along with FMCG major ITC ' Mumbai Benchmark share indices ended higher on Monday amid a rally in IT shares led by Infosys after robust revenue growth guidance for the current fiscal.The S&P BSE Sensex ended up 190 points at 25,816 and the Nifty50 ended up 64 points at 7,915. In the broader market, the BSE Midcap and Smallcap indices ended over 1% higher. Market breadth was strong with 1427 gainers and 1183 ...Rediff.com, 1 month ago
June 2015 deal handed over HR, accounting, revenue management to AirAsia Global Services for Rs 10 crore (Rs 100 million) a year AirAsia India had to pay an annual fee of Rs 10 crore (Rs 100 million) to AirAsia Global Services -- a subsidiary of its Malaysian partner AirAsia Bhd -- for services it should have ideally handled on its own. The 'services', according to informed sources, included finance support, human resources, revenue management, cancellation and refunds. According to ...Rediff.com, 1 month ago
Earnings of Indian carriers are likely to be high in the the March quarter, too, as jet fuel prices are down over 23 per cent from last year. Strong passenger growth will help domestic airlines improve their top line and margins in the March-end quarter, analysts say. With traffic growing well over 20 per cent and load factors elevated at 85 per cent, airlines are likely to fare well in what is known to be a seasonally weak quarter. Aviation turbine fuel price is 23.7 per cent lower at ...Rediff.com, 1 month ago Airlines' body demands roll back in jet fuel prices Rediff.com, 2 months ago
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