Axis Bank says no exposure to Go Airlines; other lenders to be affected
However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline.
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
With this sale, users will be able to book flight, train and bus tickets for the summer holiday season through Paytm app and get attractive discounts, said the company. The carnival will see participation from major airlines -- IndiGo, SpiceJet, GoFirst, Vistara, Akasa Air, AirAsia, and Air India. The company is offering instant discounts of up to 15 per cent on domestic and up to 10 per cent on international flight ticket bookings through bank offers from RBL Bank (Credit Card and Credit Card EMI), Yes Bank (Credit Card) and HSBC India (Credit Card and Credit Card EMI).
Air India pilots pulled up over license and documentation delays
The airline has sent out an email detailing the consequences of any delays in the renewal process, which include both disciplinary action and financial penalties. According to sources, the directive comes amidst concerns over the airline's safety standards, and aims to ensure that all pilots meet the necessary requirements for operating.
Go Airline has history of missing its financial obligations: Pratt & Whitney
"Go First has a lengthy history of missing its financial obligations to Pratt," a spokesperson for the aircraft engine supplier Pratt & Whitney responded to IANS list of questions. However, the official declined to elaborate further on its allegation against Go Airline. Pratt & Whitney is committed to the success of our airline customers.
History of India's private airlines dotted with high-profile take-off and crash landing
Well, the annals of the Indian private airline industry are dotted with many airways taking off and crash landing with some continuing to fly. The list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various factors. Many of these airlines were promoted by well-known.
Go First cancels all flights on May 3-4 amid financial crunch
Adding to the uncertainty, the Mumbai-based airline has also stopped taking bookings for the next two days. The move came after Go First, which has around 5,000 employees, filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), as confirmed by its CEO Kaushik Khona.
Air India crew grounded by DGCA for 'in-flight hospitality' fiasco
In the incident, the pilot allegedly had entertained a female friend, who had entered in the cockpit, which violates DGCA safety norms. A cabin crew member had filed a complaint with DGCA, prompting an investigation. While the cabin crew member seems to have no role in the incident, the entire crew has been derostered pending.
Air India pilots' unions reject proposed pay structure, warn of industrial unrest
The primary bone of contention is the reduction in flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair. The two unions have warned of possible 'industrial unrest' if the management goes ahead with the new terms without their consent. While Air India has stated that it will "continue to engage with the remainder of its staff", the airline has taken a tough stance on the issue, saying that there are "no recognised unions in Air India".
AI flight makes emergency landing at IGI after windshield crack
Full emergency was declared at the airport. "The pilot of the flight requested an emergency landing and it finally landed at the IGI at 5.50 p.m.," a source said. The pilot had suspected that something was wrong, and checked to find that the windshield had a crack. Though it was a minor crack, but as a precautionary measure, he decided to make an emergency landing, officials said.
Air India Express, AirAsia India focus on common check-in systems after unified reservations
The unified customer interface of Air India Express and AirAsia India has witnessed a surge of visitors within days of launch with the platform, contributing over 25 per cent of international flight revenue on the first day itself.