Mihir Mishra

  • Slowdown grounds business jets as the rich tighten purse strings

    Slowdown grounds business jets as the rich tighten purse strings

    The cost of ownership is steep and includes pilots, crew and other support staff apart from parking and servicing. It’s cheaper to rent a private jet or a helicopter at about Rs 2.5 lakh per hour, depending on the size of the aircraft, experts said. Indiabulls-promoted Airmid Aviation, which once had three business jets and one helicopter, now just has the latter.

    Foreign trips may pinch fliers as airfares surge

    Foreign trips may pinch fliers as airfares surge

    Flights to US, Europe this holiday season may cost three times more on Jet’s exit. The India-London sector could see new flights, with Vistara and IndiGo possibly starting them next year, but other routes will have to wait. A Delhi-Paris ticket is priced at Rs 1,14,642 against Rs 40,020 in December last year, according to travel aggregator ixigo.

    DGCA to staff: Do not audit companies with 'conflict of interest'

    DGCA to staff: Do not audit companies with 'conflict of interest'

    “We found that some of our officials were showing extra interest in auditing companies with their friends and family in it. We would want such officials to stay away from auditing such companies,” said a senior DGCA official, who did not want to be identified. Sources added that this order was reiterated after DG Arun Kumar came across such instances.

    Govt may clear Air India’s dues worth Rs 22,000 cr

    Govt may clear Air India’s dues worth Rs 22,000 cr

    The government has taken on Rs 29,400 crore of Air India’s total debt of about Rs 60,000 crore, leaving about Rs 30,600 crore on its books. Separately, its other liabilities amount to Rs 22,000 crore. Of the remaining debt of Rs 30,600 crore, about Rs 12,500 crore are against aircraft loans.

    DGCA likely to license all ATC officers before ’20 ICAO audit

    DGCA likely to license all ATC officers before ’20 ICAO audit

    ICAO had recently asked India to make DGCA licensing authority for ATC officers. Earlier, Airports Authority of India (AAI), which is also ATC service provider, had been licensing ATCOs. DGCA will license all 2500 current ATCOs by December, according to a senior DGCA official.

    Air India plans legal, tech audit to attract buyers

    Air India plans legal, tech audit to attract buyers

    The government’s attempt to sell 76% stake in the airline drew a blank last time, forcing it to do a course correction that included plans to dilute its entire stake in the ailing carrier.

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