National carrier Air India has directed all its employees, who are interested in the bid and have submitted an expression of interest (EoI) for participating in the bid for strategic disinvestment of the airline, to refrain from handling policy and…
The Air India sell-off plan moved to second stage on Monday with the government saying that multiple expressions of interest (EoI) has been received for strategic disinvestment of the national carrier. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc…
India’s top domestic airline, IndiGo has hired Citigroup Global Markets and Bank of America (BofA) to advise on its proposed qualified institutional placement (QIP), according to a report. The final size of the offer, which is valued at ₹3,000 to…
The low-cost airline SpiceJet has acqui-hired the team and technology platform of the Bengaluru-based airline technology company Travenues, a wholly-owned subsidiary of the online travel aggregator Ixigo. Travenues was launched in 2019 and a wholly-owned subsidiary of Ixigo, the AI-based travel app.…
American Airlines warns Boeing that it may cancel some overdue orders for the grounded 737 Max, unless the aircraft manufacturer, according to people familiar with the discussions, is helping to prepare new jet funding. The American stand comes from the…
Indian conglomerate Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking sources. Tata Sons will likely tie up with…
As per the GST framework, the burden of tax payments on certain services and raw materials used in the input or making of the product is one the buyer. This GST cost is then set off and passed on to consumers when they buy these services.
The airline, which is currently 30 percent operative, is striving to gradually reach up to 50 percent and more and remains optimistic about the demand for air travel in India.
