Deutsche Lufthansa, Germany’s biggest airline, announced plans to slash 3,500 administrative jobs around the world as it tries to offset soaring fuel costs and fierce competition in Europe to return to profitability.
The US Transportation Department has slapped a $80,000 fine on Air India for failing to post customer service and tarmac delay contingency plans on its website and adequately inform passengers about its optional fees.
Embattled carrier Qantas said on Friday it will delay the delivery of two A380 superjumbos as part of a further Aus$400 million (US$410 million) in spending cuts as it works to turn its business around.
Vijaya Mallaya-promoted Kingfisher Airlines hit another air pocket with two real estate developers slapping eviction notice on it for allegedly defaulting on rent payments since last November.
A section of Kingfisher Airlines (KFA) pilots have threatened to stop flying if the airline does not pay them their January salaries by May 8.
As domestic airfares go up by 10-25%, foreign travel may be a cheaper option for you.
Online travel services provider MakeMyTrip today said it has resumed sale of Jet Airways' and Indigo's tickets on its portal.
In spite of the exceptionally high threat to aviation security, a large number of aircraft operating in India are flying without a mandatory security system that allows pilots to watch what is happening outside the cockpit while in flight, official sources said today.
Aiming to speed up airport modernisation projects, a Parliamentary committee has made a strong pitch for grant of financial autonomy to Airports Authority of India (AAI) and allowing it to raise funds through tax-free bonds.
Air India plans to deploy the Boeing-787 Dreamliner aircraft on domestic routes to save on fuel, train the crew and add flexibility to its operations by flying out to select overseas destinations.
The ICICI Bank has asked embattled Kingfisher Airlines to top up its loan security or adjust the loan amount after the ailing carrier's stock took a severe beating in recent weeks, the airline said.
Cash-strapped Kingfisher Airlines has stopped flight operations out of Lucknow and Kolkata and employees feared a fresh round of layoffs as the carrier moved to operate a truncated schedule using only 16 aircraft of the 64 it ran at its peak.
HT reports.
Descent into deeper debtThe consortium of 13 PSU banks, including State Bank of India, have an exposure of
Rs. 5,608.07 crore to Kingfisher Airlines (KFA) as on February 2012, minister of state for finance Namo Narain Meena said in a written reply in Lok Sabha.
Cash-starved Kingfisher Airlines may be lobbying hard with the government to permit foreign airlines to invest in domestic carriers, but its flamboyant promoter Vijay Mallya said on Monday global investors do not seem to be confident about investing in India.
Shares of Kingfisher Airlines slid to a record low today, on fears that the national aviation regulator may soon ground the debt-laden carrier.