One of the persons said the talks are for about 70 A320neo planes. At list prices, the total value of the planes would be $7.5 billion.
Then USL was controlled by the UB Group. In July 2013, Mallya sold a controlling stake to Diageo, which later increased its holding to 55 per cent.
Curfew has been imposed in Srinagar after people took to street over the killing of a terrorist by security forces.
Carriers such as Singapore Airlines, Malaysia Airlines, Turkish Airlines, Virgin Atlantic and Air India are offering fares that are 25-30% lower than last quarter.
Rahul Bajaj has said that although India's GDP can hit a steady-state of around 8.5 per cent but employment will not rise at anywhere close to that rate of growth.
Even as the country’s flag carrier makes its way to profitability, thanks to its own measures and a fall in fuel prices, it is languishing way behind its peers in operational performance.
“Brexit has resulted in a big drop in the value of the pound and if this trend remains then we could see a surge in leisure tourism to Britain," said Yatra.com.
The government last week increased the foreign investment cap in Indian airlines to 100% although for foreign airlines the cap remains at 49%.
It will induct wide-bodied, longhaul planes and consider starting direct flights to the UK and US, Chief Executive Phee Teik Yeoh told ET in an interview.
Airlines will now need a fleet of 20 planes — and not an additional requirement of 5 years of local operations — to fly overseas.
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