Mumbai: The Rs 2,058 crore deal between Jet Airways and Etihad Airways will benefit passengers, as increased competition will bring down air fares, aviation sector experts said on Wednesday. According to Captain Gopinath, the founder of erstwhile Air Deccan, the increased competition will lead to low airfares, besides bringing about improvement in the passenger amenities.
Jet promoter Naresh Goyal and Etihad President and CEO James Hogan on Wednesday announced a strategic equity alliance in Abu Dhabi under which the Indian private carrier would sell 27.26 million shares in a preferential offer to Etihad at Rs 754.74 apiece.
"The deal may be good from the passengers' point of view as it would offer an enhanced connectivity, but at the same time too much access into the domestic market may result in Abu Dhabi becoming another Dubai which has today become a hub for the West-bound traffic," an expert said....
more
07:35 AM, Apr 25, 2013
The IPL's Deccan Chargers franchise will be known as Sun Risers from the upcoming season. ...
04:45 PM, Dec 18, 2012
Sun TV has decided to retain six overseas players like Dale Steyn, Jean Paul Duminy, Kumar Sangakkara, Cameron White, Chris Lynn and Juan Theron. ...
09:24 AM, Nov 02, 2012
City based SUN TV Network has won the IPL Hyderabad franchise for a sum of Rs.85.05 crore a year. ...
11:18 PM, Oct 25, 2012
BCCI president says that the new franchise will have time till October 31st to decide who they want to retain among all Deccan Chargers players. ...
06:41 PM, Oct 25, 2012
The Chennai-based TV network beat Hyderabad's PVP Ventures to become the new member of the IPL family. ...
01:03 PM, Oct 25, 2012
Hyderabad's PVP Ventures and Noida-based Jaypee Group are certain to bid, with the base price around Rs 600 crore. ...
11:48 AM, Oct 25, 2012
New Delhi: So how exactly was Kingfisher Airlines killed? The airline company was Chairman Vijay Mallya's muse. He chose to run it himself, even deciding to interview air hostesses, pilots and other staff members himself. So did this obsession lead to the company's decline? Apart from Mallya, few others were allowed to run the show. Smallest decisions had to wait for the Chairman's go-ahead, say management insiders. However, the real...
09:17 PM, Oct 22, 2012
BCCI stated in the press release that all players dues for the last season have been met in respect of players who represented Deccan Chargers in IPL 2012. ...
07:11 PM, Oct 19, 2012
With the decision, the franchise's last hopes of staying in the Indian Premier League go to pieces. ...
04:20 PM, Oct 19, 2012
According to reports the BCCI was expecting such a move and is prepared for a legal battle. ...
11:03 AM, Oct 19, 2012
The ruling made official the termination of the cash-strapped IPL franchise after the High Court quashed the arbitrator's order for a status quo. ...
12:35 PM, Oct 18, 2012
The Bombay High Court is likely to take a decision on Thursday on the BCCI's appeal. ...
10:29 AM, Oct 18, 2012
Kumar Sangakkara has backed the Indian cricket board to resolve the crisis surrounding the Deccan Chargers. ...
01:15 PM, Oct 14, 2012
Under this invitation to tender, the winning bidder will be granted the right to own and operate a new team. ...
10:37 AM, Oct 14, 2012
The franchise failed to furnish a bank guarantee of Rs 100 crore told by the Bombay High Court, leaving the court with no choice but to uphold the BCCI's termination. ...
03:49 PM, Oct 13, 2012
The franchise was told by the Bombay HC to furnish a bank guarantee of Rs 100 crore by 5 pm Friday but it has failed to do so. ...
05:18 PM, Oct 12, 2012
Deccan Chronicle has failed to provide Rs 100-crore bank guarantee and the Bombay High Court has refused to grant an extension. ...
12:03 PM, Oct 12, 2012
The embattled Hyderabad-based IPL franchise has been granted a request by the Bombay High Court to switch to private funding. ...
06:39 PM, Oct 09, 2012
The Hyderabad-based franchise has been ordered to bear all costs of the team for the upcoming season. ...
03:52 PM, Oct 01, 2012
