GoAir's International Operations To Start In October
New Delhi: GoAir is set to launch its international operations in October, making it the fifth Indian carrier to fly overseas, the Centre said. At present, the Air India group, IndiGo, Jet Airways and SpiceJet fly abroad. The Air India group comprises Air India and its low-cost subsidiary Air India Express. GoAir has been given permission to start international operations from the new Kannur international airport to Dammam in Saudi Arabia, Civil Aviation secretary R N Choubey told reporters here, adding that IndiGo will operate a flight from the city to Doha and Jet Airways will start a service from there to Abu Dhabi. The services are expected to start from the winter schedule, beginning October end.Â
At present, GoAir operates only domestic flights despite meeting the eligibility criteria for flying on international routes as it has a fleet of over 20 aircraft. In a written reply in Parliament today, the government informed that the 'air operators certificate' has been endorsed for GoAir to start international operations.Â
Asked about the bailout package the government is considering for Air India, the secretary said they are working on a turnaround plan to make the airline competitive and holding consultations with the Finance Ministry before taking a final view on the matter. "We are working out on those details on infusing more funds into Air India. We would like to make sure the airline remains competitive and that its market share does not go down. All that may require capacity induction. We will take all those into consideration to take a final view in consultation with the Finance Ministry," he said.  Â
According to sources, the Civil Aviation Ministry is in discussions with the Finance Ministry for a Rs 11,000-crore bailout package for the ailing airline.  Â
Choubey said the appointment of renowned industrialists Kumar Mangalam Birla and YC Deveshwar as non-official independent directors of Air India would will help the airline get "high quality" guidance. "We will also ensure sufficient delegation is given to the board to decide on operational matters," he added.
Talking about the sea plane operations, the guidelines of which was issued by the DGCA earlier, Choubey said they are proposing to look at such operations under the third phase of the UDAN scheme, the contours of which are being worked out.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
