Gaurav Taneja was one of the first Indians to create a social media empire. He has also done TEDx talks, been a ‘whistleblower’ against Air Asia and met Barack Obama.
Southeast Asia’s budget carrier has been under immense pressure as the Covid pandemic roils the aviation industry. It reported its largest loss on record in the quarter ended June 30.
Aviation minister Hardeep Puri said ‘AirAsia’s shop is anyway shutting down’, but his office later clarified that his comments were taken out of context.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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