"70% of the travellers actually travel westwards, away from Singapore to Europe and US, said CEO Phee Teik Yeoh," Phee Teik Yeoh said.
Post the incentives, servicing a plane in an Indian MRO will be about 20% costlier than in other markets, said industry experts.
An air ambulance is a helicopter equipped with an approved flight stretcher, specialised medical equipment and medication to treat a patient.
Bankers to IndiGo IPO are Citigroup Global Markets India, JPMorgan India, Morgan Stanley, Barclays Bank, Kotak Mahindra & UBS Securities India.
Analysts and investment advisors have been harshly critical about the move, especially since it left India’s most profitable airline with a negative net worth.
Tata-SIA joint venture Vistara today said it has tied up with Japan Airlines (JAL), which would allow a passenger to purchase a ticket in Japan or India for combined itineraries.
Malaysia Airlines is offering business class fares starting Rs 45,000 to destinations such as Kuala Lumpur, Phuket, Bangkok and Bali from Mumbai.
A majority of India’s new airlines are delaying salaries, putting off aircraft induction, grounding planes and cancelling flights.
Chennai-based Premier Airways is waiting for an air operator’s permit and hasn’t paid salaries for the past three months, said four people, including ex-employees.
There will be a similar 32-room Niranta property set up adjacent to T2 by the end of this year, an executive at the hotel separately told ET.
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