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JHM Interstate to wind up India operations soon
Date : 2015-01-27 04:08:48Posted By : faisal

Hotel management firm JHM Interstate India Hotels & Resorts, a joint venture between US hospitality firms Interstate Hotels & Resorts and JHM Hotels, is preparing to shut down its operations in the country, reports The Economic Times. The Surat-based firm, which manages six properties in the country, has already dismissed its Gurgaon-based team and plans to wrap up its India operations gradually, one person in the know said. “It could not achieve the scale it had hoped for and third-party management did not take off in India,” the person said. Suresh Mathur, Chief Operating Officer of JHM Hotels India, confirmed plans to scale down. “We are scaling back operations, closing the Gurgaon office and will be operating on a very limited basis from the company’s registered office in Surat. The Gurgaon office is expected to close on March 31,” he said. The firm employs about 50 people in India. It has tied up with and invested in Duet India Hotels, a UK-based real estate inves
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France based Airbus Group to highlight presence in Indian market at Aero India 2015
Date : 2015-01-27 03:42:58Posted By : faisal

Airbus Group will present a range of products and technologies at the 10th edition of Aero India, which will be held from February 18 - 22, 2015 at the Air Force Station Yelahanka, Bengaluru.
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Qatar Airways to increase capacity on all routes to Italy & introduce double-daily flights to Madrid
Date : 2015-01-27 03:32:54Posted By : faisal

Qatar Airways has announced an increase in capacity on its flights to Italy, as well as double-daily flights to Madrid (Spain).
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Emirates launches 13th weekly flight to Kolkata and introduces First Class on route
Date : 2015-01-21 04:42:55Posted By : faisal

Emirates has announced two enhancements to its service to Kolkata. Starting from March 29, 2015, the airline will add a 13th weekly flight from the West Bengal capital and its home and hub in Dubai.
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Jet Airways seeks shareholders’ nod to raise USD 300 mn via NCDs
Date : 2015-01-21 04:36:50Posted By : faisal

Jet Airways (India) Ltd. has sought shareholders’ approval to raise long-term finance of up to USD 300 million through issue of Non-Convertible Debentures to other corporate entities, including its strategic partner, Etihad Airways.
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Air India starts direct daily flight on Delhi- Vijayawada route
Date : 2015-01-19 00:23:53Posted By : faisal

Air India Ltd introduced a direct daily service from Delhi to Vijayawada. This is the second flight on the route.
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Emirates Airline to increase capacity on Chicago route from May 2015 with B777-300ER
Date : 2015-01-19 00:15:23Posted By : faisal

Emirates will operate flights to Chicago with a Boeing 777-300ER aircraft, which is larger than the Boeing 777-200LR that the airline currently deploys on the route. The change, adding passenger capacity, will be effective May 1, 2015, as per a release.
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Germany based airberlin to commence flights from Stuttgart to Rome & Milan
Date : 2015-01-19 00:04:25Posted By : faisal

Starting March 29, 2015, airberlin will operate a daily service from Stuttgart to Rome as well as three flights a day from Stuttgart to Milan-Linate, starting May 2015. In addition, starting from May, airberlin will expand its service on the Stuttgart to Venice route to include three daily flights, a release states.
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Investors approach SEBI with revival plan for SpiceJet
Date : 2015-01-16 05:24:16Posted By : faisal

signalling an imminent change in SpiceJet Ltd’s ownership, potential investors, including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator SEBI (Securities and Exchange Board of India) over their investment plan for the cash-strapped airline
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National carrier Air India records profit after long spell of losses
Date : 2015-01-15 04:12:52Posted By : faisal

After a long spell of losses, national carrier Air India Ltd (AI) recorded a net profit of Rs 14.6 crore in December last year, driven by a healthy growth in both passenger and cargo revenue.
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