SpiceJet, IndiGo in merger talks ?
Low-cost carrier SpiceJet’s share price went up 9.5 per cent at the Bombay Stock Exchange today in an otherwise flat market fuelled by speculation that the airline was in merger talks with another Delhi-based low-cost carrier, IndiGo.
There was also high activity at the counter as the volumes traded went up […]
Paramount Airways will introduce nine new daily flights. The four flights would operate between Chennai and Cochin, besides Hyderabad and Chennai routes. Additional five flights — the Bengaluru-Hyderabad and Bengaluru-Chennai route — will begin operations from April 28, a company release said.
Paramount will also connect Vizag from Chennai through Hyderabad to cater to peak season […]
Indian conglomerate Tata does not seem satisfied after making history by taking over Anglo-Dutch steel maker Corus and Britain’s premium auto brands Jaguar and Land Rover. It is now considering a partnership with Brazilian aircraft maker Embraer.
Sources here said that talks were on with Embraer for starting a joint venture for production of aircraft. The […]
A consortium of three companies led by Hyderabad-based Maytas Infrastructure, which won the bids to develop airports at Gulbarga and Shimoga in the state, plans to spend Rs 200 crore over the next seven years on the two projects.
The consortium of Maytas, Nagarjuna Construction Corporation (NCC) and VIE India Project Development and Holding LLC, on […]
The Deccan brand, once synonymous with low cost flying in India, will cease to exist after its merger with the Vijay Mallya promoted Kingfisher Airlines, which will takeoff for international destinations by August.
“Deccan will cease to exist because after the merger there will be only one company and that will be Kingfisher Airlines,” UB Group […]
Having already built a new airport at Hyderabad, infrastructure major GMR Group, along with other consortium partners, today signed an agreement with the Turkish government to expand an airport at Istanbul, the commercial hub of the country.
The GMR-led consortium will be developing facilities for trebling the passenger capacity of the Sabiha Gokcen International Airport (SGAI) […]
Jet Airways : Jet Airways acquires 5 additional A330-200 aircraft
Jet Airways India Ltd has informed that pursuant to The Purchase Agreement signed in October 2005 with Airbus S.A.S. Toulouse, for ten (10) Airbus 330-200 aircraft, the Company has now exercised an “Option” to acquire five (5) additional A330-200 Aircraft scheduled to be delivered to the […]
Air India IPO: Air India may offload 15% equity through IPO next year: Patel
Air India may offload 15 per cent of its equity when it goes for an initial public offer in the second half of next year, Civil Aviation Minister Praful Patel said here on Tuesday.
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Deccan Aviation, the company that owns budget carrier Simplifly Deccan, shot up 23.3 per cent on the Bombay Stock Exchange (BSE) in a falling market on expectations that UB Group chairman Vijay Mallya may be mulling a reverse merger of Kingfisher Airlines with Deccan Aviation to enable him to fly abroad.
Both airlines denied any such […]
GMR Infrastructure Ltd has informed that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company has awarded the retail bookstore concession to Landmark. The agreement is for three-year period starting from Airport opening date
“GMR Hyderabad International Airport Ltd (GHIAL) which is developing Rajiv Gandhi International Airport in Shamshabad where 87% works are already […]
