domestic carriers

Singapore Airlines welcomes FDI reform


September 20th, 2012 - 8:10 pm ICT by IANS
New Delhi, Sep 20 (IANS) Singapore Airlines Thursday welcomed the government's decision to allow foreign direct investment in Indian carriers, but said it has no plans right now to invest ... Read more...

Posted in Business |

Don’t roll back reforms under pressure: India Inc (Lead)


September 19th, 2012 - 9:07 pm ICT by IANS
New Delhi, Sep 19 (IANS) The industry in India Wednesday asked the government not to roll back the recent reform measures like foreign investment in multi-brand retail and hike ... Read more...

Posted in Business |

FDI in aviation boosts airlines’ stocks


September 17th, 2012 - 11:24 pm ICT by IANS
Mumbai, Sep 17 (IANS) Scrips of major domestic airlines soared Monday after the government allowed foreign investments by international airlines into domestic airline industry.Scrip of the cash-strapped Kingfisher Airlines touched ... Read more...

Posted in Business |

Sensex closes 78 points up to touch 14-month high (Roundup)


September 17th, 2012 - 11:23 pm ICT by IANS
Mumbai, Sep 17 (IANS) A benchmark index of Indian equities market edged 78 points higher to close at a 14-month high Monday on the back of capital goods, banks and ... Read more...

Posted in Business |

FDI in airlines allowed, foreign airlines welcome move


September 14th, 2012 - 8:06 pm ICT by IANS
New Delhi, Sep 14 (IANS) The government Friday allowed foreign airlines to invest up to 49 percent in domestic carriers, giving wings to cash-strapped Indian carriers.The cabinet committee on ... Read more...

Posted in Business |

Aviation stocks rally on CCEA meet clearing FDI in airlines


September 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Sep 14 (IANS) Aviation stocks rallied Friday as the cabinet committee on economic affairs (CCEA) is set to take up a proposal to allowing foreign airlines ... Read more...

Posted in Uncategorized |

India’s domestic aviation sector worst performer globally


August 30th, 2012 - 6:29 pm ICT by IANS
New Delhi, Aug 30 (IANS) India's civil aviation sector was the worst performer globally in July as the domestic passenger traffic contracted 1.1 percent year-on-year, the International Air Transport Association ... Read more...

Posted in Business |

Air passenger traffic falls for second straight month


July 18th, 2012 - 9:16 pm ICT by IANS
New Delhi, July 18 (IANS) Domestic air passenger traffic in June recorded a substantial fall of 3.84 percent at 51.08 lakh from 53.12 lakh in the corresponding month of 2011, ... Read more...

Posted in Business |

Air India recorded highest number of cancellations in May


June 18th, 2012 - 7:51 pm ICT by IANS
New Delhi, June 18 (IANS) Troubled Air India recorded the highest number of cancellations amongst all domestic carriers in May, official data revealed Monday.Data released by the aviation regulator, Directorate ... Read more...

Posted in Business |

Air India recorded highest number of cancellations in April


May 17th, 2012 - 5:43 pm ICT by IANS
New Delhi, May 17 (IANS) Troubled national carrier Air India hit another low Thursday with official data revealing that the flag carrier had the highest number of cancellations amongst all ... Read more...

Posted in Business |

Air India to raise $1.1 bn for new aircraft, working capital


May 8th, 2012 - 11:47 pm ICT by IANS
Mumbai, May 8 (IANS) Air India will raise $1.1 billion to fund its new aircraft acquisition programme and meet working capital requirements, the national carrier said Tuesday, on the day ... Read more...

Posted in Business |

Domestic airlines’ 2011-12 losses around Rs.10,000 crore


May 3rd, 2012 - 6:58 pm ICT by IANS
New Delhi, May 3 (IANS) The total operational losses of all domestic airlines, barring the budget carrier IndiGo, in 2011-12 is estimated to be around Rs.10,000 crore, Civil Aviation Minister ... Read more...

Posted in Business |

Aviation stocks climb on FDI hopes


April 11th, 2012 - 6:53 pm ICT by IANS
Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in ... Read more...

Posted in Business |

SpiceJet applies for direct import of jet fuel


April 3rd, 2012 - 1:23 am ICT by IANS
New Delhi, April 2 (IANS) Budget carrier SpiceJet Monday said it has applied to the Director General of Foreign Trade (DGFT) for permitting the airline to directly import jet ... Read more...

Posted in Business |

Budget allows airlines to access foreign funds (Second Lead)


March 16th, 2012 - 9:49 pm ICT by IANS
New Delhi, March 16 (IANS) In a bid to address concerns of the cash-strapped Indian civil aviation sector, Finance Minister Pranab Mukherjee said Friday domestic airlines could borrow up ... Read more...

Posted in Business |

Budget proposes allows airlines to access foreign funds


March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) In a bid to address concerns of the cash-strapped Indian civil aviation sector, Finance Minister Pranab Mukherjee Friday proposed to allow domestic airlines to ... Read more...

Posted in Business |

Budget allows airlines to access foreign funds, cuts customs duty on parts (Lead)


March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) In a bid to address concerns of the cash-strapped Indian civil aviation sector, Finance Minister Pranab Mukherjee said Friday domestic airlines could borrow up ... Read more...

Posted in Business |

‘Civil aviation sector up 18.5 percent in seven years’


March 15th, 2012 - 5:06 pm ICT by IANS
New Delhi, March 15 (IANS) India's financially troubled civil aviation sector grew at 18.5 percent in the last seven years and the government has taken various steps to resolve ... Read more...

Posted in Business |

Boeing India head calls for hike in air fares


March 14th, 2012 - 9:25 pm ICT by IANS
Hyderabad, March 14 (IANS) A top Boeing official has strongly advocated a hike in air fares by 15 percent to regain the health of the civil aviation industry.Dinesh Keskar, Boeing ... Read more...

Posted in Business |

SpiceJet foresees tough times


March 5th, 2012 - 2:08 pm ICT by IANS
New Delhi, March 5 (IANS) Budget carrier SpiceJet's chief executive Neil Mills feels the aviation sector, marred by high fuel and interest cost in the coming fiscal, will continue ... Read more...

Posted in Business |

‘Proposal for FDI in domestic carriers sent to commerce ministry’


February 23rd, 2012 - 4:13 pm ICT by IANS
New Delhi, Feb 23 (IANS) A proposal has been sent to the commerce ministry to permit foreign carriers invest in India's cash-strapped private airlines, Civil Aviation Minister Ajit Singh ... Read more...

Posted in Business |

Government notifies direct fuel import by airlines


February 22nd, 2012 - 11:06 pm ICT by IANS
New Delhi, Feb 22 (IANS) The Indian government Wednesday notified direct import of jet fuel -- a long standing demand of the domestic airline industry -- and called upon ... Read more...

Posted in Business |

‘Government should encourage competition in transport sector’


February 17th, 2012 - 5:23 pm ICT by IANS
New Delhi, Feb 17 (IANS) The government should take active steps to encourage competition in the transport sector to allow passengers to benefit from low costs and greeater choices, consumer ... Read more...

Posted in Business |

Airlines should tie-up with suppliers to import jet fuel


February 16th, 2012 - 9:38 pm ICT by IANS
New Delhi, Feb 16 (IANS) The civil aviation ministry Thursday said domestic airlines interested in importing jet fuel should tie up with suppliers who have the infrastructure to import ... Read more...

Posted in Business |

Manpower shortage in business aviation affecting safety: DGCA


February 9th, 2012 - 6:47 pm ICT by IANS
New Delhi, Feb 9 (IANS) An acute shortage of trained manpower in general (business) aviation is affecting flight safety in the fast growing sector, the industry regulator said Thursday."Safety is ... Read more...

Posted in Uncategorized |

Government rolls out plan to help domestic airlines (Roundup)


February 7th, 2012 - 8:39 pm ICT by IANS
New Delhi, Feb 7 (IANS) To help cash-strapped Indian airlines, a group of ministers (GoM) led by Finance Minister Pranab Mukherjee Tuesday rolled out a plan for the carriers ... Read more...

Posted in Business |

Aviation stocks rally after direct jet fuel import allowed


February 7th, 2012 - 5:06 pm ICT by IANS
Mumbai, Feb 7 (IANS) Scrips of three listed domestic carriers -- Jet Airways, Kingfisher Airlines and SpiceJet -- rallied after the government Tuesday allowed airlines to import jet fuel ... Read more...

Posted in Business |

Focus on rationalising sales tax on ATF: CII


February 5th, 2012 - 4:19 pm ICT by IANS
New Delhi, Feb 5 (IANS) The new civil aviation policy that is being framed should address key issues like the sales tax the states levy on jet fuel, route ... Read more...

Posted in Uncategorized |

Cabinet may consider FDI by foreign airlines before budget


January 31st, 2012 - 8:39 pm ICT by IANS
New Delhi, Jan 31 (IANS) The civil aviation ministry's proposal to allow foreign capital by international airlines in cash-strapped domestic carriers may come up for the cabinet's approval before ... Read more...

Posted in Business |

Lowering of sales tax on jet fuel required: Assocham


December 29th, 2011 - 4:56 pm ICT by IANS
New Delhi, Dec 29 (IANS) Lowering of sales tax on jet fuel, upgradation of airport infrastructure and allowing foreign capital by international airlines in domestic carriers are required for the ... Read more...

Posted in Business |

Aviation industry rocked despite traffic growth (2011 in Retrospect)


December 26th, 2011 - 2:25 pm ICT by IANS
New Delhi, Dec 26 (IANS) Despite a 17-percent growth in passenger traffic, India's civil aviation industry hit turbulent weather in 2011 with rising jet fuel and interest costs eating ... Read more...

Posted in Business |

PM to meet airlines chiefs Saturday


November 25th, 2011 - 3:58 pm ICT by IANS
New Delhi, Nov 25 (IANS) In an attempt to chart a way out for the cash-strapped Indian aviation industry, Prime Minister Manmohan Singh will meet with the heads of ... Read more...

Posted in Business |

267 unused flight slots by domestic airlines: DGCA


November 23rd, 2011 - 5:46 pm ICT by IANS
New Delhi, Nov 23 (IANS) India's aviation regulator Wednesday said it has found 267 slots unused by various airlines out of the total of 1,900 flight operation slots granted to ... Read more...

Posted in Business |

Qatar Airways backs FDI in aviation


November 23rd, 2011 - 5:32 pm ICT by IANS
Kolkata, Nov 23 (IANS) Stating that Indian carriers lacked sufficient financial strength to grow, a top Qatar Airways official Wednesday welcomed the commerce ministry's recommendation allowing 26 percent foreign direct ... Read more...

Posted in Business |

24 percent cap on FDI by international airlines proposed


November 17th, 2011 - 9:54 pm ICT by IANS
New Delhi, Nov 17 (IANS) India's civil aviation ministry has proposed a cap of 24 percent on foreign direct investment (FDI) by international airlines in domestic carriers but has ... Read more...

Posted in Business |

« Previous Entries

Subscribe