A new cess of Rs. 40-50 could be imposed on flyers to create a Rs. 400-crore Essential Services Fund (ESF), to be used to increase connectivity to 90 small airports across India. Tushar Srivastava reports.
Abu Dhabi carrier Etihad’s Rs. 2,058-crore stake purchase in Jet Airways seems to have hit an air pocket, with regulators seeking more clarity on the deal to ensure overall competition in the aviation market is not affected and interests of public shareholders and consumers are protected.
India’s second largest carrier by passengers carried, Jet Airways, on Friday posted a net loss of Rs. 495.53 crore for the quarter ended March 31 from a loss of Rs. 298.12 crore during the same period a year earlier.
Japan's All Nippon Airways (ANA) said it put its Dreamliner fleet back into service on Sunday following a suspension of about four months due to battery problems.
Air India's (AI) 15 old Airbus A320s, which were bought in 1989, are headed for the scrap yard. The planes, which have more or less completed their lifespan, will be replaced with 19 leased planes. The airline will also return five old Airbus A319s to lessors. HT reports.
Lenders to grounded Kingfisher Airlines are likely to move the debt recovery tribunal (DRT) on selling assets belonging to the airline.
The Finance Ministry will take up Jet Airways' proposal to induct foreign capital by selling 24 per cent stake to Abu Dhabi-based Etihad for about Rs. 2,058 crore on June 11.
Grounded Kingfisher Airlines widened its net loss to Rs.
2,142 crore for the quarter ended March 31, 2013, against Rs.
1,152 crore in the year-ago period.
Three more senior executives of Kingfisher Airlines, including its chief information officer, have quit the grounded carrier even as a section of its pilots are set to revive their agitation over non-payment of salaries.
Governments should not single out the aviation industry for taxes and regulations but treat it like any other business, International Air Transport Association (IATA), the global airlines’ body, has said.
Grounded carrier Kingfisher Airlines is no longer part of global carriers’ alliance ‘oneworld’ which does not have any plans to induct any Indian carrier as of now, a top official said on Monday.
In a bid to make air travel experience better for passengers in case of flight disruption, the global airlines body International Air Transport Association (IATA) has urged governments to consider adopting consumer protection regulations without territorial limitations.
A section of the employees of the grounded Kingfisher Airlines today sat on a hunger strike at the Kingfisher House in Mumbai, demanding immediate payment of salaries, which have been pending since last August.
Flying within the country at short notice could burn a big hole in your pocket. Spot airfares (tickets bought at short notice) have shot through the roof as airlines make the most of the peak travel season. HT
reports. Today’s fares...
The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off this evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.