Analysts say this is a reflection of the high debt that most aviation companies have on their books. "Aviation companies are unable to pay their dues because they are into losses.
The construction of this hotel has been deferred by four years.
G V Krishna Reddy, Chairman, talks to Business Standard about his plans.
The compensation could be between Rs 2000-4000 or the value of the ticket, whichever is lesser, and should be paid within a stipulated time frame.
Sun Network chairman Kalanithi Maran and his company, Kal Airways Pvt Ltd, which was incorporated on May 6, are the acquirers of the airline.
The firm is looking to raise as much as Rs 1,000 crore through short-term commercial paper.
Football enthusiasts are travelling to South Africa in high numbers to watch the Fdration Internationale de Football Association World Cup 2010, regardless of the expensive nature of the destination. Travel agents have seen a jump in the bookings for the World Cup period from 10 to 60 per cent.
The airline industry, one of the major contributors of CO2 emissions, has been doing its bit for a better world environment by investing in research on alternative energy sources.
Axel Hilgers, Director, South Asia speaks to Business Standard.
While techniques of handling air turbulence are crucial, a pilot from a major airline said the training provided isn't enough.
The money constitutes nearly 26 per cent of the total domestic borrowing of the Indian corporate sector in 2008-09.
Air Asia's difference approach has been developing a portfolio first. We were the first airline to fly to Trichy and then after going to newer and uncharted markets.
Sky marshals could soon be grounded if some private airlines keep dawdling over the former's maintenance.
India's third largest network service provider, Reliance Communications (RCom), is close to signing an agreement with US-based GetJar to launch its own application store (app store, software modules to run specific tasks on own mobiles), sources said.
In what may come as a relief for airline companies, the number of domestic air travellers between January and March showed a healthy increase over the same period a year ago, when the industry was feeling the heat of the global recession.
The Delhi, Mumbai, Chennai and Kolkata airports can issue this visa.
India Inc's order book doubled in the fourth quarter (January-March) of the last financial year compared, to the year-ago period.
CanvasM, a joint venture between Tech Mahindra and Motorola, is planning to launch 6,000 new indigenously developed applications for mobile phones.
The money, together with disinvestment proceeds, is crucial for Mukherjee to meet his fiscal deficit target of 5.5 per cent for 2010-11 from 6.7 per cent in 2009-10.
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