“We are going to cut exchange rates. We will also disrupt the remittance market. And finally we will get into the money lending business,” he said.
Budget passenger carrier AirAsia India announced induction of its 17th aircraft and introduction of new routes connecting New Delhi and Imphal.
Indian airlines Jet Airways, SpiceJet and AirAsia India are planning to add new jets to their fleet as they look to expand in the world’s fastest-growing aviation market.
We will first commence flight ops to new domestic destinations and increase frequencies. In all we are looking at starting flights to 4-5 new cities in this year."
According to Abrol, the airliner has planned to commence overseas operation by Jan 2019 once it has 20 or more planes.
AirAsia is selling plane leasing operations to firms managed by BBAM, in a staggered deal that will see the budget carrier transfer ownership of up to 182 Airbus jets.
AirAsia Bhd, Malaysia’s flagship budget airline, said it has agreed to sell its aircraft leasing operations for $1.2 billion to firms managed by BBAM Limited Partnership.
AirAsia India has posted a net profit of Rs 13.24 crore for the three months ended December 2017 and plans to start international operations this year.
An AirAsia flight made an emergency landing in Japan's Okinawa prefecture due to problems in the engine, the Transport Ministry said here.
Budget carrier AirAsia has resumed its service in the Chennai-Bengaluru sector more than two years after it suspended operations in this route.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months