Malhoutra has transformed Dynamatic Technologies from making hydraulic pumps into a key global suppliers of complex parts to Airbus, Boeing.
The airline is also looking at fly-and-stay tie-ups with Taj Hotels Resorts and Palaces, and partnerships with international carriers.
The government has proposed to allocate Rs 2,500 crore to Air India in 2015-16, giving the ailing state-run carrier less than half of what it infused in the current fiscal.
While the additional cost is small as a chunk of the total, it may worsen the already negative image India has for investment in infrastructure projects, including airports.
Industry experts welcomed the move saying it’s about time the government stopped cash handouts to the airline.
India will increase visa on arrival facilities to 150 countries from 43 currently in a phasewise manner, Arun Jaitley proposed in the latest fiscal budget.
Budget 2015: Govt to prioritise completion of 1 lakh kilometers of additional roads, says FM Jaitley
The Narendra Modi government has stepped up efforts to get investment for highway projects in India after investor demand sapped for the sector.
Rail Budget 2015: Suresh Prabhu's announcement of 120-day advance booking window to hit airline industry
“It will certainly have a major impact. Passengers, who plan their travel 60-90 days in advance, are the same who look closely at train tickets.
SpiceJet underwent a major management reshuffle last year after Sanjiv Kapoor was brought in as chief operating officer and given a free hand.
Singh and other investors plans to put in Rs 1,500 crore in three tranches into the airline. The first is likely to come in a day or two, Kapoor wrote.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon