For the transportation sector as a whole, including rail, roads and shipping, the government has provided Rs 2,41,387 crore in 2017-18.
A reduction in fuel prices and its own cost cutting measures has helped Air India reduce losses but it still accounts for the biggest chunk in the industry.
The airlines' yields dropped 16 per cent. Fuel costs rose to Rs 1671.2 crore from Rs 1165.8 crore.
IRS officers said without any experience, the state officers will find it difficult to implement GST and it will create chaos among taxpayers.
Hogan will join an investment company along with Etihad Aviation Group chief financial officer James Rigney, who will also leave the company later this year.
The Malaysian low-fare carrier and Tata Sons own 49% each in the airline. The remaining 2% is owned by Chairman S Ramadorai and Director R Venkataramanan.
The development follows speculation about Hogan's possible exit and questions about Etihad's ability to turn around struggling investment partners
efore his first stint at Jet, Shivkumar was finance director at the GVK-led Mumbai International Airport Ltd and before that was vice president-finance at Tata Group's Taj Hotels Resorts & Palaces.
Malaysian low fare carrier AirAsia Berhad and Tata Sons own 49% each in AirAsia India. The remaining 2% is owned by chairman S Ramadorai and Director R Venkataramanan.
A GVK spokesman confirmed the development and said this will pave the way for the deal “to be concluded very soon”.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon