Monday , 20 January 2020
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Tag Archives: Government

Air India wants 2400 crores more, the bleeding continues

Air India Boeing 747-400 VT-ESP Ajanta. Image copyright Devesh Agarwal.

After a loss of 8,556 crores in FY19, the Chairman and Managing Director (CMD) of Air India has indicated that the airline needs a sovereign guarantee of 2400 crores to fund ongoing operations. The airline continues to bleed cash at an alarming rate. Capacity woes continue and estimates indicate that twenty-two aircraft are grounded. On the costs side, there have …

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Seven key implementation challenges of UDAN the Regional Connectivity Scheme

Tails of Air India and it's old subsidiary Alliance Air.

5 bidders were awarded routes under th;e regional connectivity scheme called UDAN and announced this Thursday. The selected bidders were SpiceJet Alliance Air TruJet Air Odisha Air Deccan These airlines collectively are scheduled to fly 128 RCS routes connecting the North, South, East and West parts of the countries with unserved and underserved cities.  Bangalore Aviation has been looking at …

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India permits 100% foreign investment in airlines and airports

Domestic ramp at Mumbai Chhatrapati Shivaji airport. Photo copyright Devesh Agarwal.

As part of a dramatic overall liberalisation, the Indian government will allow 100% foreign direct investment in domestic airlines. At present the limit is 49%. However, the caveat is that the 49% is automatic approval while the 100% is automatic for non-resident Indians (NRIs) and with government approval for others. Foreign airlines remain limited investing 49% in Indian companies operating …

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