Anatomy of a lie: How Iran covered up the downing of an airliner
The reporting exposes the government’s behind-the-scenes debate over covering up Iran’s responsibility for the crash while shocked Iranians, grieving relatives and countries with citizens aboard the plane waited for the truth. The bitter divisions in Iran’s government persist and are bound to affect the investigation into the crash and the unresolved debate over accountability.
US army investigating plane crash in Taliban-held area
Local Afghan officials had said earlier on Monday that a passenger plane from Afghanis...
Don't see board room issues impacting IndiGo's performance: Hardeep Singh Puri
The differences between co-founders and co-promoters -- Rakesh...
Travel, tech stocks lead Wall St lower as China virus fears mount
The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel.
Bengaluru international airport records double-digit growth with 34 million passengers last year
While international passenger traffic witnessed double-digit growth of 14 per cent, an upswing from 4.27 million in calendar 2018 to 4.87 million in calendar 2019, domestic traffic grew by 2.6 per cent, from 28.05 million in calendar 2018 to 28.78 million in calendar 2019.
BLR airport investing Rs 13,000 crore on infrastructure expansion
The year 2019 has been a turbulent year for Indian aviation, mostly impacted by the closure of a large airline and supply-side challenges caused by the grounding of some aircraft type. These factors had a ripple effect as the ATMs at BLR Airport were down by 0.1 per cent as against the double-digit CAGR witnessed in the previous five years (CY14 to CY18).
Govt offers Air India with loan against aircraft of Rs 23,286 crore
The government is offering 100% of the airline, while reducing the debt of the company to Rs 23,286 crore.
UK court orders sale of Force India yacht linked to Vijay Mallya
A consortium of Indian banks, led by State Bank of India, are likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines. Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against him.
Air India privatisation: Employee unions to meet in Delhi
Various Air India employee unions will meet here on Monday to discuss proposed privatisation of the debt-laden airline, sources said.
Air India sale: Bidders to have access to all records in initial stage
Generally, access to all data records and draft share purchase agreement (SPA) are provided to bidders put in their interest after the preliminary information memorandum stage. The govt on Monday came out with the PIM for 100% disinvestment of debt-laden Air India as well as sale of Air India Express and 50% shareholding in equal joint venture AISATS.
Afghan passenger plane crashes in Taliban-held eastern area
Arif Noori, spokesman for the provincial governor, said the plane went down around 1:10 p.m. local time in Deh Yak district, which is held by the Taliban. Two provincial council members also confirmed the crash.
Govt to sell 100 pc stake in Air India; issues bid document
The government has published a memorandum on preliminary information for 100% stake sale of national carrier Air India whereby the management control of the airline would also be transferred to the successful bidder. The government has set March 17 as the deadline for submitting the Expression of Interest.
Nikkei drops, tourism shares hit by growing China virus concerns
The Nikkei share average slumped 2.03 per cent, its biggest percentage fall since Aug. 26.
Airlines to connect Mumbai to seven additional international destinations in 2020
At least 10 airlines such as Garuda Indonesia, Jazeera Airways, Air Italy, RwandAir, Air Tanzania, Star Air, Virgin Atlantic, Delta Air Lines and Uzbekistan Airways started flights from Mumbai last year.
Govt decides to prepare for evacuation of Indians from coronavirus-hit Wuhan in China
Over 250 to 300 Indian students are reportedly stuck in Wuhan triggering concerns over their well-being.
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