MakeMyTrip said it is raising over $2.6 billion to buy back shares from its long-time investor China\u2019s Trip.com Group<\/a>, Skift has reported. \u201cThe interests of Trip.com and its affiliates may be different from or conflict with the interests of our other shareholders,\u201d MakeMyTrip said in a stock exchange filing on Monday.<\/p>\n“Their influence may result in the delay or prevention of a change of management or control of our company or other significant actions affecting our company, even if such transactions or actions may be beneficial to our other shareholders,” it added.<\/p>\n
For this, MakeMyTrip has announced two big fundraising efforts: it\u2019s issuing 14 million new shares, with an option to add 2.1 million more, and it\u2019s also raising up to $1.25 billion through convertible bonds. This will reduce Trip.com Group\u2019s stake in MakeMyTrip to under 20%, down from over 45% today.<\/p>\n
This decision also comes at a time when Indian authorities are scrutinizing Chinese investments in companies more closely, especially in sectors like tech, travel, and finance. Calls to reduce Chinese influence have grown louder since the border clashes between India and China in Ladakh in 2020. During that period India banned TikTok in June 2020 along with 58 other Chinese apps, citing national security concerns.<\/p>\n
The recent India-Pakistan military standoff has also added to the pressure, with China and Turkey seen by some as aligned with Pakistan.<\/p>\n
DCGA Says \u2018No Major Safety Concerns\u2019 in Air India Fleet<\/h2>\n
The surveillance of Air India\u2019s Boeing 787 fleet has not revealed “any major safety concerns” so far, Indian civil aviation regulator Directorate General of Civil Aviation (DGCA) said Tuesday night. DGCA added that “the aircraft and associated maintenance systems were found to be compliant with existing safety standards.”<\/p>\n
Air India flight AI 171 from Ahmedabad to London Gatwick crashed shortly after take-off last week killing 241 of the 242 passengers and crew onboard. Post this India had ordered safety checks on the 787-8 and 787-9 aircraft last week.\u00a0<\/p>\n
The airline has 26 Boeing 787-8 planes in its fleet. It also has seven Boeing 787-9s that were added through its merger with Vistara. DGCA had asked Air India to conduct a one-time inspection of these planes before any departure from India, including checks on the aircraft\u2019s engines, cabin air compressors, take-off parameters, and more.\u00a0<\/p>\n
The safety checks are not yet complete. DGCA said that as of Tuesday afternoon, the required check was completed on 24 planes. It added that four aircraft were undergoing \u201cmajor checks\u201d at various maintenance-repair-operations (MRO) facilities.<\/p>\n
DGCA also held a high-level meeting with Air India and its low-cost arm Air India Express to review the \u201coperational robustness\u201d of the airlines. It discussed the delays in operations due to maintenance procedures and the disruptions caused by recent airspace closures over Iran.\u00a0<\/p>\n
Dehradun Leads India\u2019s Hotel Boom<\/h2>\n
Amid the boom in branded hotel rooms India, Uttarakhand\u2019s capital Dehradun led this growth between fiscal years 2023 and 2024. According to data from consulting platform Hotelivate, the number of rooms in the city increased by 67.5% year-on-year during the period.\u00a0<\/p>\n
It noted that cities like Navi Mumbai, Agra, Jaipur, and Udaipur recorded double-digit growth. Further, while the average occupancy rates in Tier-1 cities remain the strongest at over 73%, Tier-2 and 3 cities are also recording strong occupancy numbers with 66% and 57.4% occupancy respectively.\u00a0<\/p>\n
Skift reported earlier this year that India\u2019s hospitality boom was reaching untapped markets. Hotelivate said that as India\u2019s branded room inventory is expected to reach 250,000 by 2028-29 financial year, emerging markets such as Amritsar, Lucknow, and Noida are expected to contribute significantly to this growth. Tier-3 cities are projected to account for nearly half this growth.\u00a0<\/p>\n
AbhiBus Renews Partnership With Actor Mahesh Babu<\/h2>\n
Online travel company Ixigo\u2019s bus business AbhiBus is extending its long-standing partnership with Indian film star Mahesh Babu as its brand ambassador. The company said that for nearly a decade, the company and the actor have worked together to drive campaigns.\u00a0<\/p>\n
Rohit Sharma, COO of AbhiBus, said, \u201cFrom 2016 to 2025, his presence has helped us build deeper connections with audiences across the South and beyond.\u201d The company added in the statement that an all-new campaign is set to be launched this summer.\u00a0<\/p>\n
In a recent Skift feature, Asia Editor Peden Doma Bhutia noted that Bollywood is a strong driver for travel among Indian travelers. Travel services aggregator Skyscanner also said in its 2024-25 horizons report that 52% of Indian travelers said they are largely influenced by television and films.\u00a0<\/p>\n
Bottega Debuts Branded Residences in India<\/h2>\n
Italian brand Bottega has announced its first international hospitality collaboration. The company has partnered with Atmosphere Living, the branded residences arm of hospitality company Atmosphere Core to launch luxury branded suites in India.\u00a0<\/p>\n
While further details are awaited, Bottega said that the branded suites will provide residents with a neo-lifestyle experience designed around experimental wine culture. <\/p>\n
\u201cIndia is a thriving market with boundless potential and the partnership will bring the golden Italian sparkling life to India, redefining the hospitality landscape here,\u201d said Giulia Pellegrino, global key accounts manager at Atmosphere Living. \u201cOur collaboration with Bottega is set on defining a new lifestyle movement.\u201d<\/p>\n<\/p><\/div>\n
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indian government has approved the revival of regional airline TruJet, formerly known as Turbo Megha Airways. The airline is set to operate as a national-level scheduled carrier. The airline is looking to resume service using an Airbus A320 plane with Visakhapatnam as its primary hub. The airline earlier had its hub in Hyderabad. It […]<\/p>\n","protected":false},"author":2,"featured_media":8669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[187],"tags":[940,1993,3092,3096,3097,1182,234,3095,3397,838,2005,2261,507,3093,3638,7763,3088,1949,1121,2609,3094,3098,8032],"class_list":["post-8668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-airlines","tag-american","tag-aviation","tag-characters","tag-content","tag-creation","tag-dont","tag-experience","tag-expert","tag-eyes","tag-hotels","tag-india","tag-indian","tag-launch","tag-native","tag-november","tag-online-travel","tag-rephrase","tag-return","tag-skies","tag-skift-india-report","tag-speaker","tag-talk","tag-trujet"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=8668"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8668\/revisions"}],"predecessor-version":[{"id":8670,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8668\/revisions\/8670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/8669"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=8668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=8668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=8668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}