Anil Kumar Ganguly, the only remaining independent director on the board of struggling air carrier Kingfisher Airlines, has quit the company citing poor health condition.
As part of a strategic rebranding and restructuring exercise announced last July, the country's largest airline Jet Airways today said, effective March 25, its low-cost arm JetLite will cease to operate, after being merged with the other no-frills brand JetKonnect.
Aircraft maker Boeing has agreed to pay $500 million as compensation to Air India for delaying the delivery of Dreamliner aircraft, according to a senior civil aviation ministry official.
Vijay Amritraj, former tennis star and sports commentator, today quit the board of struggling carrier Kingfisher Airlines (KFA), becoming the third independent director to leave the company this fiscal.
Airbus, the Toulouse-based aviation giant, has urged the Indian government to allow its flagship A380 to fly to India if the country believed in "free and fair markets", Tushar Srivastava reports.
With Air India seeking a compensation package for the substantial delays in delivery of Boeing's Dreamliner aircraft, the US manufacturer on Thursday said it will "not write a cheque" for $500 million to the airline.
The International Air Transport Association is in talks with the crisis-hit Kingfisher Airlines to revoke its suspension from the apex body for the global airline industry, its head Tony Tyler said today.
Kingfisher Airlines (KFA) promoter Vijay Mallya has said his airline, that has been cancelling more than half of its scheduled flights for the last three days, would come up with a full recovery plan in the next few days.
The government was formulating an economic regulatory framework for future airports as well as an air cargo promotion policy, civil aviation minister Ajit Singh said here on Wednesday.
With its flight schedules being hit due to agitation by pilots and other staff to protest delays in salary, Kingfisher chief Vijay Mallya on Tuesday said the airline had spoken to the pilots and the matter was being sorted out.
European aircraft manufacturer Airbus has hit out at American giant Boeing saying its 787 Dreamliners were heavier, burned more fuel and were five years too late.
Tushar Srivastava reports.
Old order changeth? Jousting for Air IndiaTrouble for the cash-strapped Kingfisher Airlines is likely to worsen as three senior commanders from the city quit on Tuesday, and 30 more have threatened to walk out if the ongoing dispute over their dues is not settled by March 19.
A large section of air passengers are likely to spend more on travel as Jet Airways, the leading domestic carrier in India on Monday increased its excess baggage charges by Rs50 per kg.
Kingfisher Airlines (KFA), which is barely managing to operate hundred flights a day, is scaling down its international operations in a desperate bid to cut down costs and losses.
Jet Airways today said it has mutually agreed with tax authorities on a payment schedule for the pending service tax dues.