The regulator said the reply to the show cause notice was received today and was not found satisfactory as the response submitted by MIAL showed that they had failed to adhere to the safety requirements.
Indian aviation updates: Although there are currently no regulatory restrictions on domestic banks lending to other group entities of bankrupt companies, such transactions are difficult to execute given the enhanced credit risks at the group level, according to industry experts.
Prime Minister Narendra Modi will inaugurate the newly-built Ayodhya airport on Saturday (December 30), nearly three weeks before the consecration ceremony of the Ram Mandir in Ayodhya.
On the risks from elevated jet fuel prices and rupee depreciation, the ratings agency said that both have a “major bearing” on Indian carriers’ cost structure.
Air India’s narrow-body order now stands at 140 A321neo aircraft (against 70 earlier) and 70 A320neo planes (against 140 earlier), the orders data shows. In the case of the 40 wide-body planes on order with Airbus, the airline now has a 50:50 split 20 each of A350-900 and A350-1000 aircraft. In the original order, Air India had gone for six A350-900 and 34 A350-1000 planes.