Share List TLI Staff New Delhi: The Modi government this week extended the bidding deadline for Air India by two months to June-end following the advice from interested private parties but wants state-run Airports Authority of India (AAI) to hand out six more airports on public-private-partnership (PPP) basis. “For generationContinue Reading
Share List TLI Staff New Delhi: Days before the Lockdown 2.0 comes to end on May 3, the nodal Civil Aviation Ministry has started weighing various options to resume domestic flights in the country. Among the suggestions to re-open the crucial air transport is allowing limited operations and identify statesContinue Reading
Share List TLI Staff New Delhi: Taking strong exception to the ‘FORCE’ report by enthusiastic tax officers proposing to raise income tax to fight Coronavirus crisis, Finance Ministry has asked the taxmen to explain for their misconduct. Officers at the North Block termed the Fiscal Options & Response to theContinue Reading
Share List TLI Staff New Delhi: Having burnt its fingers heavily in case of defunct Kingfisher Airlines, state-run Airports Authority of India (AAI) has recovered all its dues from grounded Jet Airways by encashing all the bank guarantees furnished by the carrier. “AAI has realised all its dues upto theContinue Reading
Share List TLI Staff New Delhi: With Coronavirus outbreak dealing body blow to airlines, the industry has asked the government for a bail-out package which includes deferred bank loan repayment, slashing state VAT on jetfuel to 4 per cent and lowering of airport charges. The airlines have together submitted aContinue Reading
Share List TLI Staff New Delhi: High operational costs have driven many air charter operators out of business in the last 3-4 years and the panic around the deadly Coronavirus threatens to worsen the situation. But many firms hope that health concerns would compel high-flying corporates to hire a jetContinue Reading
Share List TLI Staff New Delhi: While it is all gloom and doom for the aviation sector with experts predicting bankruptcy for most airlines in the wake of Coronavirus outbreak, start-up carrier Star Air seems unperturbed as it launched a new flight under the Modi government’s signature UDAN scheme toContinue Reading
Share List TLI Staff New Delhi: Riding high on the popular demand for green vehicles, country’s largest car manufacturer Maruti Suzuki on Monday launched the BS6 S-CNG variant of its multi-purpose van (MPV) Eeco. Maruti Suzuki Eeco was launched in January 2010 and has crossed the mark of 6.7 lakhContinue Reading
Share List TLI Staff New Delhi: Bracing up for possible economic downturn due to the disruptions caused by deadly Coronavirus, Reserve Bank of India (RBI) has asked banks and financial institutions to assess the risks and their impact on their financial health. “Based on the above studies, they should takeContinue Reading
Share List TLI Staff New Delhi: With Covid-19 playing havoc across the world and countries sealing their borders, most airlines could go bankrupt by May end this year. Global aviation consultancy Centre for Asia Pacific Aviation (CAPA) on Monday said that as the impact of the Coronavirus and multiple governmentContinue Reading