Air Costa is a regional airline which is based out of Vijayawada in Andhra Pradesh. This airline launched in October 2013 and is one of the major domestic airlines in Southern India. The airline launched with an employee strength of 300 which included the pilots and engineers when they kick-started their operations with just two Embraer E-170 aircrafts. The first flight took off from its hub at Chennai on October 16, 2013.
Air Costa is owned by the Indian business company LEPL Group. The airline focuses on connectivity between tier II and tier III cities in the country. Air Costa announced its decision to acquire Embraer Jets at the Paris Air Show in June 2013. They ordered 50 Embraer E-Jets E2 aircraft worth US$2.94 B during the Singapore Airshow on 13 February 2014. On 28 February 2017, Air Costa suspended operations until further notice stating financial difficulties regarding the lease of aircraft. It planes to re-launch its services in the 3rd Quarter of this year (2017). Air…
Air France was formed on 7th October 1933, with the merger of five airlines - Air Orient, Air Union, Compagnie Générale Aéropostale, Compagnie Internationale de Navigation Aérienne (CIDNA), and Société Générale de Transport Aérien (SGTA). During World War II, Air France moved its operations to Casablanca, Morocco. After the war was over, the air service company got nationalized and Societe Nationale Air France was set up, on January 1, 1946. The same year, Air France opened its first air terminal at Les Invalides, in central Paris. By 1948, Air France was operating one of the largest fleets in the world, with 130 aircrafts.
Air France is one of the subsidiaries of the Air France KLM Group, the world's leading airline group in terms of its turnover. Air France-KLM is also the largest airline company in the world in terms of operating revenues and the third largest one (being largest in Europe) in terms of passengers-kilometers. The airline is also one of the founding members of the…
Air Mauritius was founded on June 1967, by Amedee Maingard. The airline started its operations in August 1972, with a Piper-Navajo aircraft, on a flight from Mauritius to Reunion Islands. Its international operations commenced in the year 1977. Air Mauritius is the national airline of Mauritius, based in Port Louis - the capital of Mauritius. Its main base comprises of Sir Seewoosagur Ramgoolam International Airport (MRU), Mauritius. The airline provides domestic as well as international services, operating as many 80 flights per week. The symbol of Air Mauritius is phaeton rubicola or Paille-en-Queue, a fish-eating tropical bird. The airline appeared on the Mauritius Stock Exchange list in 1995. It employs a staff of over 4500 people and has tied up with international airlines, for which it performs varied services.
Air Mauritius operates with a very modern fleet. It consists of Airbus A340-300, Airbus A319-100, Boeing 767ER, ATR72-500, ATR42-500 and Bell Jet Rangers.
Presently,…
Korean Air is a private airline, based in South Korea. It is the largest airline in Korea and one of the largest in Asia. The Korean Air network is spread over Europe, Africa, Asia, Australia, North America and South America. The main hub of Korean Air is at Incheon International Airport and its headquarters is in Seoul, Korea. The international passenger division and cargo subsidiary of the airline together ply flights to as many as 130 cities, spread in 45 countries across the African, Asian, Americas and the European continents. Korean Air is one among the top 20 airlines, in terms of the passengers carried.
The passenger fleet of Korean Air consists of Boeing 787-8, Boeing 777-300ER, Boeing 777-300, Boeing 777-200ER, Boeing 747-400M, Boeing 747-400, Boeing 737-900ER, Boeing 737-900, Boeing 737-800, Airbus A330-300, Airbus A330-200 and Airbus A300-600R. The cargo service of Korean Air operates with a modern fleet of aircrafts, which include Boeing 747-400F, Boeing 747-400ERF and…
Kuwait Airways is the national airline of Kuwait. It is fully owned by the Government of Kuwait. A member of the Arab Air Carriers Organization, the airline operates its scheduled international flights throughout the Middle East, to the Indian subcontinent, Southeast Asia, the Americas and Europe, via its main hub - Kuwait International Airport, which is located in Kuwait City. Currently, the airline operates a modern fleet.
Kuwait Airways operates a fleet of several aircrafts including, Boeing 777-200ER, Boeing 747-400M, Airbus A340-300, Airbus A330-200, Airbus A320-200, Airbus A310-300 and Airbus A300-600R and some new ‘Dreamliners’. Kuwait Airways operates its scheduled flights to over 60 international destinations across Africa, Asia, Europe and North America. The destinations covered by the airline in Africa include Egypt and Morocco. It flies to Bangladesh, India (to Delhi, Mumbai, Hyderabad, Chennai, Kochi and Thiruvananthapuram), Pakistan and Sri Lanka in South Asia. The…
Deutsche Aero Lloyd (DAL) and Junkers Luftverkehr merged on January 6, 1926, to form Lufthansa Airlines, in Berlin. The airline was originally named as 'Deutsche Luft Hansa Aktiengesellschaft'. The name Lufthansa was first used in 1933 and since then, the airline is known by the name. Prior to the Second World War, Lufthansa excelled in its business, operated services on the routes to the Far East and covered a number of destinations in North Atlantic and South Atlantic parts, with a fleet of German designed aircrafts including Dornier, Junkers, Heinkel and Focke-Wulf.
Lufthansa is one of the premier airlines of the world and one of the largest in Europe, in terms of the number of passengers carried by it. The flag carrier of Germany derives its name from Luft (the German word for 'air') and Hansa (the Hanseatic Trade Organization that was active in Northern Europe, during the medieval period). Headquartered in Cologne, the major hub of the airline is located at Frankfurt Airport, in…
Thai Airways International was formed in 1960, as a joint venture between Thailand’s domestic airline, Thai Airways Company (TAC) and Scandinavian Airlines System (SAS). The airline commenced its operations in 1960, with flights to nine overseas destinations within Asian continent. In 1971, Thai Airways started its intercontinental services, with flights to Australia, followed by flights to Europe in 1972 and to North America in 1980. In 1988, Thai Airways International merged with the domestic airline, Thai Airways Company. In 1991, Thailand Government approved a resolution authorizing Thai Airways to list its shares on the Stock Exchange of Thailand (SET). Subsequently, listing of Thai Airways shares was commenced on July 19, 1991.
The main hub of Thai Airways International is Bangkok International Airport. In 2006, Thai international was credited with the award of 'World’s Best Cabin Staff and The Best Airline in the World' by Skytrax. In 2009, Thai Airways International's first…
Although Oman Air, the flagship company of the Sultanate of Oman’s Civil Aviation sector, was founded in 1981, it began operations in 1993. It was a merger between Gulf Air Light Aircraft division and Oman International Services that resulted in the formation of this airline, under the name of Oman Aviation Services. Its inaugural flight was from Muscat to Salalah. Oman Air commenced its international operations in July 1993, with a flight to Dubai. In the same year, the airline started its services to India, with a flight to Thiruvananthapuram. In 2001, Oman Air became the first International foreign Airline to fly to Kochi, India.
The government holds 33.8% stake. It operates scheduled domestic and international passenger services, as well as local air taxi and charter work. Its main hub is at the Muscat International Airport, Muscat. The airline is member of the Arab Air Carriers Organization, a regional airline trade organization of Arab air services, founded in 1965.
Oman…
In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city was ever to suffer.[2] Of the three best-known British commercial names in 19th century Madras, one crashed; a second had to be resurrected by a distress sale; and the third had to be bailed out by a benevolent benefactor. Arbuthnot & Co, which failed, was considered the soundest of the three. Parry's (now EID Parry), may have been the earliest of them and Binny & Co.'s founders may have had the oldest associations with Madras, but it was Arbuthnot, established in 1810, that was the city's strongest commercial organisation in the 19th Century. A key figure in the bankruptcy case for Arbuthnot's was the Madras lawyer, V. Krishnaswamy Iyer who founded the Indian bank which was an offshoot of nationalistic fervour and the Swadeshi movement, when the then British Arbuthnot Bank collapsed and the Indian Bank emerged. Mr V. Krishnaswamy Iyer solicited the support of the Nagarathar Chettiars…
IDFC was incorporated on 30 January 1997 with its registered office in Chennai and started operations on 9 June 1997. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution.
To conform with RBI guidelines IDFC founded a non-operative financial holding company (NOFHC) in 2014 to manage its five subsidiaries IDFC Bank, IDFC MF, IDFC Alternatives, IDFC IDF & IDFC Securities. IDFC is the holding company for NOFHC IDFC Projects Ltd and IDFC Foundation. IDFC Bank started operations with 23 branches in Madhya pradesh , Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. 15 branches are in settlements with a population of less than 10,000.
Prime Minister Narendra Modi formally inaugurated IDFC Bank on 19 October 2015. IDFC Bank Ltd. (Infrastructure Development Finance Company) is an Indian banking company with headquarters in Mumbaithat forms part of IDFC, an…
The history of Tamilnad Mercantile Bank dates back to 1921. The idea to establish a bank for the Nadar business community was first proposed at the annual meeting of the Nadar Mahajana Sangam held at Tuticorin in 1920. The bank was originally registered on 11 May 1921 as Nadar Bank Limited under the Indian Companies Act, 1913. M.V.Shanmugavel Nadar was elected as the first chairman on 4 November 1921. The bank was opened to the public by T.V.Balagurusamy Nadar on 11 November 1921 in Ana Mavanna Building at South Raja Street, Tuticorin. In 1937 Nadar Bank opened a branch in Ceylon, but by 1939 it had closed it.
By 1947 the bank had only four branches: Tuticorin, Madurai, Sivakasi and Virudhunagar. The bank opened its first Indian branch outside the state of Tamil Nadu in 1976 at Bangalore. The first fully computerised branch was opened at WGC Road, Tuticorin on 9 December 1984. The Bank launched its ATM Card on 11 November 2003.
Today, Tamilnad Mercantile Bank Limited (TMB) is a bank…
Deutsche Bank was founded in Berlin in 1870 as a specialist bank for foreign trade. The bank's statute was adopted on 22 January 1870, and on 10 March 1870 the Prussian government granted it a banking licence. The statute laid great stress on foreign business: The object of the company is to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets. One of the three founders were George Siemens whose father's cousin had founded Siemens and Halske, Adelbert Delbrück and L. Bamberger. Previous to the founding of Deutsche Bank, German importers and exporters were dependent upon English and French banking institutions in the world markets, a serious handicap in that German bills were almost unknown in international commerce, generally disliked and subject to a higher rate of discount than English or French bills.
Presently, Deutsche Bank AG is a German global banking and financial services…
Established on 16 July 1968 by the Government of Singapore to take over the industrial financing activities from the Economic Development Board, the bank's main purpose was to provide loans and financial aid to the manufacturing and processing industries and to help establish and upgrade existing industries in Singapore. In 1960, the Singapore government invited a United Nations (UN) industrial survey mission to assess the economical situation in Singapore and to come up with an industrialization program for the city. The proposal included setting up a development bank, together with an economic body to attract foreign investments and provide financing and managing the industrial estates. The bank was incorporated in July 1968 and began operations in September of the same year.
Presently, DBS Bank is a multinational banking and financial services corporation headquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present…
Woori Bank, headquartered in Seoul, is the second bank from South Korea to enter Indian market. Sinhan Bank, a part of Sinhan Financial Group, has set up its first branch in Mumbai in 1996, and has two more branches, one in New Delhi and another one in Vellore district, Tamil Nadu.
Woori Bank is a subsidiary of the parent company Woori Financial Group. The bank was founded back in 1899, originally called Daehan Cheon-il Bank, renamed Joseon Sangup Bank in 1911, then Commercial Bank of Korea in 1950s. Following the 1997 Asian financial crisis, it merged with the former Hanil Bank and Peace Bank to become Hanvit Bank. Woori Bank adopted its current name in 2002. Woori Bank has served the Seoul Metropolitan Government for over 100 years and is the primary banking partner of 70 percent of Korea's public institutions. Its Jongno branch is located in the Gwangtonggwan, the oldest continuously-operating bank building in Korea. It was registered as one of city's protected monuments on March…
Bank of Ceylon (BoC) was founded in 1939, with Sir Ernest de Silva as its first chairman. At the time, Ceylon was a British colony and the then governor Sir Andrew Caldecott ceremoniously opened the bank on 1 August. The English government introduced the banking arm for its government-oriented businesses. Two years later, in 1941, BoC started to expand beyond the city of Colombo. It opened its first branch in Kandy. Subsequently BoC added branches in major cities such as Galle, Jaffna, Kurunegala, Batticaloa, Trincomalee, Badulla, and Panadura.
The saga of Bank of Ceylon (BOC) began on 1st of August 1939 under Bank of Ceylon Ordinance No. 53 of 1938, the Governor of Ceylon, Sir Andrew Caldecott, declared open the maiden office of Sri Lanka’s first state-owned commercial bank in Fort, Colombo. BOC is a licensed commercial bank established under the Banking Act No. 30 of 1988. As Bankers to the Nation, BOC reached out to all citizens of the country through its largest network over 627…
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