The Union Civil Aviation Ministry last week realised that the promoters of the new airline AirAsia India has not provided names and nationalities of the Chairman, Chief Operating Officer, Chief Executive Officer and Chief Financial Officer of the proposed airline. The Ministry has received application from AirAsia for obtaining an initial No-Objection Certificate. AirAsia plans to set up its Indian unit in partnership with Tata Sons and Telestra Tradeplace
Tag: No Objection Certificate
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Govt allows IndiGo to import aircraft
The Government has approved the proposal of the Delhi-based low cost airline, IndiGo to import 11 aircraft. Sources indicated that IndiGo has been given a No Objection Certificate to import 11 Airbus A-320 aircraft. The import of aircraft is first approved by the Aircraft Acquisition Committee (ACC) in the Ministry of Civil Aviation first after which the proposal is cleared by the approving authority, the Minister for Civil Aviation before actual import is allowed.
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Expect more competition, higher tariffs: Experts
The brand new clause that permits high-volume users to purchase power under OA will both impact and benefit the dismally ailing distribution companies. Our experts variously believe that the demand for power may go up,