Articles tagged “india”

Jet Airways Chairman Quits as Creditors Assert Control

Jet Airways Chairman Quits as Creditors Assert Control

Anurag Kotoky, Bloomberg

Jet Airways is now firmly in the hands of its creditors but will it be able to find someone else to take it over?

12 hours ago

Airbnb’s Potential Investment in Oyo, Explained

Airbnb’s Potential Investment in Oyo, Explained

Deanna Ting and Sean O'Neill, Skift

This year is shaping up to be the year when Airbnb gets all of its ducks in a row before the big IPO. Investing in adjacent businesses like Oyo is a major part of that strategy. But will any of this ultimately matter — or make a difference — once the company goes public?

3 days ago

India’s Government May Want SpiceJet to Take Over Some of Jet Airways’ Assets

India’s Government May Want SpiceJet to Take Over Some of Jet Airways’ Assets

Saloni Shukla, Anto Antony and Anurag Kotoky, Bloomberg

Governments should probably get out of the airline match-making business. Either there's a valid business reason for a deal to happen, or it should not happen.

5 days ago

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Sean O'Neill, Skift

Ebix has made a generous takeover bid for Yatra, a corporate travel services provider and online travel agency, to create one of India’s largest end-to-end travel services businesses. Ebix's shrewd CEO Robin Raina is cornering the rare travel segments in India that aren't facing fierce price wars, namely, corporate travel services and currency exchange.

5 days ago

India’s Luxury Hotel Sector Needs an Oyo-Like Disruption, Says Former Oberoi Boss

India’s Luxury Hotel Sector Needs an Oyo-Like Disruption, Says Former Oberoi Boss

Ajay Modi, Skift

Thus far, disruptions in the hotel sector in India have occurred largely in the budget and economy segments. Former Oberoi-Trident President Kapil Chopra hopes to change that and take on the legacies with his Postcard Hotels & Resorts. Can he?

2 weeks ago

Airfares Surge in India Following Boeing 737 Max Ban

Airfares Surge in India Following Boeing 737 Max Ban

Anurag Kotoky, Bloomberg

SpiceJet is hurting the most, after investing heavily in the aircraft. What will this mean for India's rapidly growing airline industry?

2 weeks ago

American Airlines Is Considering Flying to Africa and India With New Dreamliners

American Airlines Is Considering Flying to Africa and India With New Dreamliners

Brian Sumers, Skift

Since its merger with US Airways, American has taken a cautious approach with new routes. It has expanded to major Asian and South Pacific markets out of necessity but otherwise hasn't taken too many chances. It is nice to see the airline considering adding India and Africa.

4 weeks ago

Taj Hotels to Enter Homesharing With New Amã Brand

Taj Hotels to Enter Homesharing With New Amã Brand

Sean O'Neill, Skift

On March 1, Taj Hotels will start taking bookings for its official foray into homesharing with its new brand, Amã, with nine bungalows. It's further proof of the Skift Megatrend that in hospitality, "everything is converging."

1 month ago

Pilot Shortage Leads IndiGo To Cancel Dozens of Flights Daily for Next 2 Months

Pilot Shortage Leads IndiGo To Cancel Dozens of Flights Daily for Next 2 Months

Anurag Kotoky, Bloomberg

The U.S. hospitality and food service industries had an estimated 900,000 unfilled jobs in 2018. Indigo and Asia, actually, need more pilots — badly.

1 month ago

Jet Airways May Get a Lifeline From India’s Largest Bank

Jet Airways May Get a Lifeline From India’s Largest Bank

Saloni Shukla and P R Sanjai, Bloomberg

Jet Airways' key lenders, such as the State Bank of India, are weighing the decision whether to swap some loans for equity, according to Bloomberg. A deal like that would give the carrier, which defaulted on loan repayments in December, breathing room to cut costs.

2 months ago

Ex-United President Is Selected as CEO to Lead IndiGo Into a New Era

Ex-United President Is Selected as CEO to Lead IndiGo Into a New Era

Raini Hamdi, Skift

IndiGo’s appointment of veteran airline CEO Ronojoy Dutta to lead its aggressive expansion, particularly into new long-haul territory, is a fresh departure from the woes of non-happening Air India or Jet Airways.

2 months ago

MakeMyTrip Steams Ahead Despite Growing Hotel Commission Protests

MakeMyTrip Steams Ahead Despite Growing Hotel Commission Protests

Sean O'Neill, Skift

MakeMyTrip continues to drive more online hotel bookings in India, despite protests by some hotel owner groups about its allegedly excessive commissions. The company must tread carefully as it tries to woo online customers with discounts while maintaining good relationships with its partners.

2 months ago