In the year 2006, Indigo, today's one of the fastest growing low cost carriers in the world and one of the largest profitable airline in India was established by Rahul Bhatia & Rakesh Gangwal. The Cost Reduction Business model that has been adopted by the airlines effectively reduces its operating costs. Airbus A320 has been adopted as the sole aircraft type that they usually purchase in bulk from the Airbus company. This saves a great deal of time while the training of the Airlines crew. The airlines allows 15 Kg of Baggage for the passengers.
The Headquarters are located at Gurugram, Haryana. The company was founded as a private company, but went public in 2015. The airline operates to 46 destinations (and growing). It has its primary hub at Indira Gandhi International Airport, Delhi. They have a 42.6% market share in terms of passengers carried according to last year's data. Earlier on 15 August 2015, IndiGo confirmed the order for 250 "A320 Neo" aircraft for $26.5 billion.…
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$16 million) in…
Vistara is a new Indian airline that is a joint venture between Singapore Airlines and TATA Sons. It commenced its operations in January 2015. The inaugural flight was between Delhi and Mumbai. The airline operates over 250 weekly services covering 10 destinations across India. Vistara is known to be the first airline to introduce premium economy seats on domestic routes in India.
The Airlines is based in Gurugram with its hub at Delhi i.e. Indira Gandhi International Airport. The airline transported more than two million passengers by the mid-2016 and had a 2.3% share of the domestic carrier market. The airline operates to nineteen destinations with a fleet of Airbus A320-200 aircraft.
Vistara took delivery of its first aircraft at New Delhi on September 25, 2014. The airline took delivery of the last of its thirteen original Airbus A320 aircraft in October 2016. According to their business deals, they have placed an order of 7 Airbus A320neo aircraft which will be delivered to them…
The company has its headquarters in Gurugram, Haryana. Its Chief executive officer is Mr Koustav Dhar. Zoom Air is the brand name for Zexus Air Services. Zoom Air has been funded with a sum of around US$ 3.3 M.
They began operations on February 15, 2017 with a flight from Delhi to Durgapur via Kolkata. Zoom Air has two Bombardier CRJ-200 in its fleet under dry-lease, seating 50 passengers. Zoom Air concentrates on flying to airports in India with little to no scheduled service.
Its current hub is at Indira Gandhi International Airport, New Delhi. Currently it also operates in the cities of Vijayawada, Jabalpur, Pune, Durgapur, Kolkata and off course, New Delhi.
Yes Bank was incorporated as a Public Limited Company on November 21, 2003. Subsequently, on December 11, 2003, RBI was informed of the participation of three private equity investors namely (Citicorp International Finance Corporation, ChrysCapital II, LLC and AIF Capital Inc.), to achieve the financial closure of the Bank. RBI by their letter dated February 26, 2004 provided their no-objection to the participation of the three private equity investors namely Citicorp International Finance Corporation, ChrysCapital II, LLC and AIF Capital Inc. in the equity of the Bank at 10%, 7,5% and 7.5%, respectively, and also advised the Bank to infuse a sum of Rs. 2000 million as the paid up capital. Additionally, the RBI advised the Bank to submit an application for final approval after completion of all formalities for incorporation as a banking company and setting out the capital structure of the Bank as approved by RBI.
RBI by their letter dated December 29,2003 decided to further extending…
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