It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
The IPL uses this system for players' auction.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Government officials say a shareholding structure has been mandated to discourage non-serious bidders from accessing Air India's data room
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
The government is betting on the fact that it will be conducive for the new owner to give voluntary retirement scheme
Grounded Indian planes will be up in air by end of April says company president
Government to ask airlines to educate flyers. 'It will be an exhaustive charter which will tell the passenger about all their rights, like whether they are eligible for a refund when there is a delay in flight, what to do in case of a flight delay and other in-flight etiquette.'
In contrast to its global peers, a lion's share of Delhi airport's growth came from domestic flyers, which, at 46.6 million, makes up for 73 per cent of the total number of passengers.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
The good news is that the government has taken notice of the pain and has formed a task force to improve operating procedure during foggy days.
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
Air Deccan, India's first low-cost airline that made flying affordable for the middle class, is relaunching its operations from December 23.
The airline would offer Re 1 ticket to a few passengers through a lucky draw as part of its promotional campaign.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
The 15% invested every month in equity would be allotted to subscribers in the form of units.
Small Factories Act, Industrial Relations Code likely to be redrafted under pressure from Bharatiya Mazdoor Sangh
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
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