Share List Keshav Chaturvedi A close look at the last two decades of the 21st century reveals regular economic shocks either due to human error, natural calamity or a pandemic. Those who are now in senior management roles and were beginners back then when the world discovered SARS in 2003.Continue Reading
Share List Parmita Uniyal New Delhi: Reeling under deep financial crisis triggered by Coronavirus-induced lockdown, travel and hospitality sector has asked the government to allow one-time loan restructuring and extend moratorium on loan repayments till March 2021. The demand has come from industry body Confederation of Indian Industry (CII) whichContinue Reading
Share List TLI Staff New Delhi: With private investors and airport developers set to have conservative view on revenue and traffic projections in the wake of business disruptions caused by Coronavirus outbreak, industry insiders have raised questions over government move to privatize six more Airports Authority of India (AAI)-run airportsContinue Reading
Share List TLI Staff New Delhi: Amid growing fatigue among its staff working on off-shore rigs, oil and gas behemoth Oil and Natural Gas Corp (ONGC) has approached Air India to ferry nearly 2,500 of its staff from various cities to Mumbai to replace the employees returning from the oilContinue Reading
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