Smart, aggressive negotiations have been a cornerstone of Ajay Singh’s turnaround strategy for SpiceJet and the latest deal was no different.
Air 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 the stake sale.
A total of 137 applicants from nine countries participated in the latest season. Seven companies-five from Bengaluru, one from Mumbai and one from Singapore were selected.
Lohani talks about lessons from the last year at Air India, problems that have been resolved, and what the future looks like.
The stipulated 42-month time to complete the project is too short, given the conditions, the bidders said.
Airline companies may end up in the red this year as excess seat capacity coupled with the entry of two more airlines offsets all gains earlier.
"With smartphone prices crashing and penetration increasing rapidly, the Indian consumers are rapidly using mobile devices as their primary means to book travel."
It handled 1,102,858 TEU from 497 vessels (until 26th December 2016) compared to 909,996 TEUs from 511 ships, a year earlier.
As the focus gradually shifted towards a cashless economy, the following brief was floated: "Cash hua purana, ab digital ka hai zamana".
Interestingly, the opposite is true of dry cell batteries which are allowed to be carried checked-in baggages but not in cabin luggage.
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