The turmoil in the Indian airline industry during the month of October has produced results that can be, only mildly described as, significant. In just four weeks, castles built over the last four or more years, have come crashing down. By the end of 2008, the Indian airline industry which accounts for less than 2% of the global airline market, …Read More »
Daily Archives: November 12, 2008
Jet gets Rs 1,000 crore from Mubadala Development Co.
The Business Standard reports that Indian carrier Jet Airways is believed to have struck a deal last week with west Asian investment agency Mubadala Development Company for a funding of Rs 1,000 crore (approx $ 200 million). The instrument of funding, however, has yet to be formalised.Mubadala is wholly owned by the government of Emirates of Abu Dhabi. The tenure …Read More »
Indian Air Force clears second runway at Bengaluru International Airport
The Chief of Air Staff, Air Chief Marshal Fali Homi Major confirmed that the Indian Air Force (IAF) has cleared the construction of the second runway at Bengaluru International Airport (BIA). As per the BIAL master plan, the second runway (27L-09R), will come up to the south of the airport. The promoters of the airport, BIAL, have been pushing for …Read More »