The financial state of Pawan Hans is better than Air India, which is also up for sale, although it is a fraction of the airline’s size.
The airline posted a net profit of Rs 46.01 crore compared to Rs 517 crore a year earlier.
The statement said that at no time did the pilots of SQ 422 mistake Juhu airport as the Mumbai airport.
The company invested Rs 80 crore in a single sortation unit, which Biyani claims is Asia’s second largest, only comparable to one used by Nike in a warehouse in China.
Naresh Goyal is very dynamic, he loves to negotiate and he is very relentless: Jean-Marc Janaillac, Air France-KLM
Air France-KLM’s chairman Jean-Marc Janaillac spoke on what the tie-up means, how it will grow, dealing with Jet chairman Naresh Goyal and sharing a partner with Gulf carrier Etihad.
Jet’s chairman Naresh Goyal didn’t rule out the possibility of a stake sale in future, although he clarified that no talks on a strategic partnership were currently on.
India has got demographics that the rest of the world will envy for many, many years to come, not least in terms of the large young population that will be joining the workforce, said Skou.
The scheme — called Ude Desh ka Aam Nagrik (UDAN) — seeks to provide flights to such areas at a subsidised fare of Rs 2,500 for an hour of flight.
ATR planes saw a period of lull in the Indian markets for the last few years as airlines shied away from smaller towns and deployed maximum capacity in metros.
IndiGo, which has shown interest in buying Air India’s international operations, is actively considering alternate plans to induct at least 50 wide-bodied planes for overseas flights.
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