The Central Bureau of Investigation (CBI) has registered three cases and one preliminary inquiry under sections related to cheating and forgery of Indian Penal Code in the light of orders from the Supreme Court in January this year. The first case has been registered against unknown officials of Ministry of Civil Aviation (Government of India), […]
Continue Reading... No Comments.The Niti Aayog has given its recommendations on the government disinvesting stake in Air India to the Civil Aviation Ministry, which will take a decision on the matter, Finance Minister Arun Jaitley said on Thursday. “The Niti Aayog has given its recommendations to the Civil Aviation Ministry, which will decide on the process of disinvestment […]
Continue Reading... No Comments.The government may look at exiting Air India completely, as the Niti Aayog has proposed total privatisation of the national carrier in a report to the Prime Minister’s Office. To stress its point, the Aayog has cited various international examples of governments selling their entire stakes in airlines and not retaining any shareholding to make […]
Continue Reading... No Comments.Average airfares dropped 18 percent in 2016 and additional capacities can further bring down the fares, Union Minister Ashok Gajapathi Raju today said as he disfavoured the idea of capping ticket prices. Scheduled airlines carried more than 10 crore domestic passengers in the year ended March 2017, an increase of around 19 percent compared to […]
Continue Reading... No Comments.Union Civil Aviation Minister Ashok Gajapathi Raju says that the Ministry has not received any proposal from Qatar Airways for setting up a domestic airline here. The airlines Chief Executive Officer, Al Baker had announced the intention to set up a 100 per cent owned airline in India at a trade event in Berlin Germany […]
Continue Reading... No Comments.Amid speculation that Air India may be privatised, Civil Aviation Minister Ashok Gajapathi Raju said on Wednesday that there were “hardly any bakras (scapegoats) around” to buy the loss-making national carrier unless its massive debt was written off first. Speaking to CNBC-TV18, Raju said all options were on the table with regard to reviving the […]
Continue Reading... No Comments.The Central Bureau of Investigation’s three FIRs in the ‘Air India scam’ which took place during the UPA regime have alleged blatant irregularities which hastened the downfall of the national carrier. The FIRs, accessed by TOI, said the civil aviation ministry decided to purchase 111 aircraft for Air India costing about Rs 70,000 crore at […]
Continue Reading... No Comments.The government may soon offload the loss-making Air India with Finance Minister Arun Jaitley favouring divestment of the national carrier. Mired in debt for years, the state-owned airline has been staying afloat on taxpayers money and the government now seems to think that it is not worth spending more funds on its revival. In an […]
Continue Reading... No Comments.Occupancies on the first of the UDAN routes, Delhi to Shimla, are nudging 100%, with apple traders, employees of the Indian Statistical institute (ISI) and tourists making use of the new service. In contrast, passenger loads on the other two Udan routes, operated by TrueJet, are around 60% currently, company sources said. The average uncapped […]
Continue Reading... No Comments.Even after chronic technical failures of Dreamliner aircraft and Air India’s reputation taking a beating, the government is yet to take the US-based aircraft manufacturer, Boeing to task. In the last 3 weeks, a number of flights between Kolkata and Delhi were cancelled due to technical snags in the Dreamliner and such glitches are being […]
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