The plan awaits approval from Tata Sons, the salt-to-software conglomerate that now owns 51% of AirAsia India.
GVK Airport Holdings has exercised its "Right of First Refusal" to increase its stake in MIAL, according to a regulatory filing.
GMR has for the last couple of years made efforts to divest its airport company, including via an IPO.
Ferrovial, ADIA & PSP submit their final bids; some of them are also eyeing stakes of ACSA & Bidvest in Mumbai International Airport.
Jet Airways is running two-and-a-quarter months behind salary obligations to most employees.
IndiGo plans to hire as many as 100 expatriate pilots this year to plug shortages that forced it to cancel many flights recently.
“Jet took the planes on lease in 2013,” the executive said, requesting anonymity.
India’s second largest airline by market share has taken five Boeing 737 NG planes on lease from MC Aviation.
The Indian government has formed a panel to look into Vistara’s application to fly abroad.
The valley was cut off from the rest of the country during the snowstorms last week & airport was shut down for two days before it reopened
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