Indian entrepreneur Ajay Singh acquired ModiLuft in 2004 and re-christened it as SpiceJet. The airline operates a fleet of Boeing 737 and Bombardier Dash aircraft. It is a low-cost airline that has its headquarters located in Gurugram, India. It has a market share of 13.2% as of March 2017 making it the third largest airline in the country by number of domestic passengers carried. The airline operates over 300 daily flights to 45 Indian destinations from its hubs at Delhi, Kolkata and Hyderabad.
On May 18, 2005 SpiceJet opened bookings and operated their first flight on May 24, 2005 between Delhi and Mumbai. Indian media baron Kalanidhi Maran acquired 37.7% stake in SpiceJet in June 2010 through Sun Group. The airline ordered 30 Boeing 737-8 aircraft worth US$2.7 billion July 2010 and 15 Bombardier Q4 Dash short-haul aircraft worth US$446 million in December of the same year. In 2012, Kalanidhi Maran increased his stake in the airline by investing ₹1 billion (US$16 million) in…
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…
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…
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…
Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Andhra Pradesh. The bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of ₹100,000 (US$1,600) and an authorised capital of ₹1 million (US$16,000) In 1956, linguistic division of States was promulgated and Hyderabad was made the capital of Andhra Pradesh. The registered office of the bank was subsequently shifted to Andhra Bank Buildings, Sultan Bazar, Hyderabad.
Andhra Bank is a medium-sized public sector bank of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines (ATMs) as of 31 Mar 2016. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank now operates in 25 states and three Union Territories. Andhra Bank has shifted its headquarters in Hyderabad, Telangana, India.
The Government of India owns 63.97% of its share capital as on 31 Dec 2015. The state owned…
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…
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