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DAMANIA AIRWAYS
My portfolio not a zoo with all animal species: Rajeev Thakkar on missing multibaggersAttractive investment opportunities, according to the value investor, happen when capable and competent managers/promoters work steadily to...
When the going gets tough, they goWhy do airlines fail? Because they can't cover the cost, principally, fuel cost. The government-owned Indian Railways gets by on its monopo...
From ModiLuft to Jet, the Indian airlines that couldn't stay afloatIndia’s private aviation industry has always been turbulent due to high costs, low profitability, intense competition and lack of scale. He...
From ModiLuft to Kingfisher to Jet: A look at airlines that couldn’t fly high for long in IndiaGo First filing for insolvency proceedings before NCLT is only the latest incident of an aviation company fighting for survival. Aviation c...
History of India's private airlines dotted with high-profile take-off and crash landingThe list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various fa...
Air India is more than just a good buy for TataNow that AI has effected a ghar-wapsi, expectations are running high about an imminent return to its glory days.
Notice to Jet for not depositing PF share of employeesActivists say it’s PF dept’s fault as the notice should have been issued within 15 days of suspension of Jet operations.
With Jet about to go under, here are the airlines that went before itEverything now hinges on the today's fateful meeting of the board of directors of the sinking airline.
No wine on flight, courtesy unruly flyerThe government had way back in early 1990s suspended the flying licence of Damania Airways for about 10 days after two passengers got into ...
Flyeasy signs agreement to buy majority stake in Air PegasusAir Pegasus in a press release said this will help the carrier to restart operations from March 1. It didn't elaborate on the contours of t...
Return Flight: Parvez Damania visits grounded Air PegasusDamania last month visited grounded southern regional carrier Air Pegasus which has been struggling for funds, delaying payments and trying...
Private airlines owe Rs 526 crore to AAIPrivate airlines have a due of Rs 526 crore towards the state-owned Airports Authority of India (AAI) till December last year.
Kingfisher First: Banks staring at Rs 6000-crore writeoff on loans to debt-ridden airlinesLenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline's troubles are rising.
- Airlines that went bust in past two decades
There were quite a few airlines that faced turbulence before shutting down. ET lists the airlines that went bust in the past two decades:
- Rules were tweaked to halt Tatas entry into aviation
In a bid to keep the Tatas out of aviation space, successive govts had changed rules of aviation game every now and then, just to justify e...
- Aviation training schools fly high in smaller towns
The country’s leading aviation training institutes are increasingly stepping up focus on B and C category cities as youngsters from small-t...
- Damania to set up pilot training centre
Parvez Damania, of the erstwhile Damania Airways fame, is finalising plans to set up a pilot training institute in Maharashtra.
- Air sickness: New airlines wait for takeoff
Newbies to get permission only after the ministry is convinced that the cos have sound financials.
- Goyal’s on board to brave the odds
The journey from a cinema hall in Delhi to Regent Street in Central London, would probably qualify as an ultra-long haul flight.
- All aboard: Mallya rejigs Kingfisher brass
UB chairman Vijay Mallya is revamping the top management structure of Kingfisher Airlines following the back-to-back exit of two expat COOs.