IndiGo, Tatas protest govt's basis for allotting Jet Airways slots

Business Standard 
April 25, 2019
By Arindam Majumder

The country’s largest airline, IndiGo, and the Tata Group, which operates Air Asia India and Vistara, have opposed a government decision to allocate Jet Airways slots only to those deploying new aircraft. Such a decision, they say, will harm their commercial viability and negate a level-playing field. 

In a letter to the government, IndiGo Chief Operating Officer Wolfgang Prock-Scahuer said, “aircraft inductions are planned in advance by airlines and cannot be expedited at such short notice. This leaves virtually one airline with the ability to corner Jet Airways slots.

Comments

Post a Comment

Popular posts from this blog

 The Telegraph  December 24, 2020 A new, potentially more infectious variant of the novel coronavirus that causes Covid-19 has been found in Britain in cases linked to South Africa, British health secretary Matt Hancock said on Wednesday.  South Africa’s health department said last week that a new genetic mutation of the virus had been discovered and might be responsible for a recent surge in infections there. “Thanks to the impressive genomic capability of the South Africans, we’ve detected two cases of another new variant of coronavirus here in the UK,” Hancock told a media briefing. “Both are contacts of cases who have travelled from South Africa over the past few weeks.”  Britain is already trying to curb the spread of a mutated strain of the virus which is up to 70 per cent more transmissible, and further studies are being carried out on the new variant. “This new variant is highly concerning, because it is yet more transmissible, and it appears to have mutated ...
Read more

One month, 500,000 face scans: How China is using AI to profile a minority

Economics Times April 15, 2019 Paul Mozur The Chinese government has drawn wide international condemnation for its harsh crackdown on ethnic Muslims in its western region, including holding as many as 1 million of them in detention camps.  Now, documents and interviews show that authorities are also using a vast, secret system of advanced facial recognition technology to track and control the Uighurs, a largely Muslim minority. It is the first known example of a government intentionally using artificial intelligence for racial profiling, experts said.  The facial recognition technology, which is integrated into China’s rapidly expanding networks of surveillance cameras, looks exclusively for Uighurs based on their appearance and keeps records of their comings and goings for search and review. The practice makes China a pioneer in applying next-generation technology to watch its people, potentially ushering in a new era of automated racism.  The...
Read more

Finance Ministry asks AAI to issue shares against govt funding of Rs 656 crore

Business Today May 21, 2019 The Finance Ministry has asked Airport Authority of India to issue shares in lieu of the Rs 656 crore capital it has received from the government, sources said. AAI, a 100 per cent government owned statutory corporation, was constituted by an Act of Parliament and came into being on April 1, 1995, by merging erstwhile National Airports Authority and International Airports Authority of India. The fact that AAI did not issue equity to the government in lieu of fund infusion by the government, last year during discussions in the Finance Ministry over share buy back by profit making public sector enterprises. Following that, discussions were held among the officials of Ministry of Finance, Corporate Affairs and Civil Aviation for corporatisation of AAI and legal opinion was obtained on share issuance corresponding to the capital infusion. "The Finance Ministry has written to AAI for issuing shares in lieu of the paid-up capital of ...
Read more