Nerves of steel: Tataâs bid for Air India decoded The Tata group has a history of grit and is no stranger to big-ticket acquisitions. But its bid for loss-making airline Air India could be its litmus test.
Feb 8, 2021
âI donât believe in taking right decisions, I take decisions and make them right.â Thatâs one of the most-shared social media quotes of Ratan Tata, chairman emeritus of Tata Sons, the holding company of the over $105-billion in revenue Tata group. However, in an interview, when asked about this philosophy, Tata clarified, âIâm sorry⦠that statement was never made by me. Itâs become a default statement, and you come to know of it when people read it back to you.â
Airlines told to rejig UDAN flights to cut viability gap funding by 40%
February 08, 2021
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The Ministry of Civil Aviation has asked all airlines to either reduce the frequency of flights or the number of seats per flight such that their overall Viability Gap Funding (VGF) requirement on routes over 500 km, awarded under the UDAN scheme, is lowered by 40 per cent. According to industry sources, the Ministry has sent an email to all airlines operating Regional Connectivity Scheme (RCS) routes awarded under UDAN 1, 2, 3, 3.1 and 4, since its inception in 2017.
RCS, or more popularly known as UDAN (Ude Desh ka Aam Naagrik), is a government initiative to connect the country s under- and un-served airports. The government provides Viability Gap Funding for a set time period to airlines operating on these routes.
Hotel owners agree to pay for losses, SpiceJet resumes bookings on Delhi-Jaisalmer route
Hotel owners agree to pay for losses, SpiceJet resumes bookings on Delhi-Jaisalmer route
SpiceJet has already started taking bookings for the Delhi-Jaisalmer route after hotel owners and businessmen decided to compensate for any losses incurred by the private airline carrier on this route.
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[REPRESENTATIVE IMAGE] File photo of a SpiceJet aircraft (Photo Credits: PTI)
Private airline carrier SpiceJet has decided to resume bookings on the Delhi-Jaisalmer route from Saturday onwards.
In January of this year, SpiceJet had decided to pull out of its operations on the Delhi-Jaisalmer route citing non-feasibility after the subsidy given under the Civil Aviation Ministry s Udan initiative was withdrawn.