foreign airlines

SC notice on plea for probing Air India’s ‘unnecessary plane purchases’ (Lead)


September 21st, 2012 - 8:04 pm ICT by IANS
New Delhi, Sep 21 (IANS) The Supreme Court Friday issued notice to the central government and Air India on a petition seeking a CBI probe into the "unnecessary" purchase of ... Read more...

Posted in Business |

FDI reform lifted mood in aviation industry: Ajit Singh


September 21st, 2012 - 5:40 pm ICT by IANS
New Delhi, Sep 21 (IANS) Civil Aviation Minister Ajit Singh Friday said the government's open-sky policy for foreign investment in domestic airlines has positively affected sentiments in the aviation industry, ... Read more...

Posted in Business |

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 |

Don’t roll back reform measures: FICCI


September 19th, 2012 - 6:41 pm ICT by IANS
New Delhi, Sep 19 (IANS) Any rollback of the recent reform measures like allowing foreign investment in multi-brand retail and hike in diesel prices to reduce subsidy would raise ... Read more...

Posted in Business |

US welcomes economic reforms in India: Envoy


September 17th, 2012 - 11:34 pm ICT by IANS
New Delhi, Sep 17 (IANS) US Ambassador to India Nancy Powell Monday said the recent economic reforms announced by the Indian government have been widely welcomed in the US and ... 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 |

Kerala diaspora in Middle East asked to shun politicians


July 8th, 2012 - 6:40 pm ICT by IANS
Thiruvananthapuram, July 8 (IANS) The Kerala Association of Travel Agents (KATA) Sunday asked the Kerala diaspora in the Middle East to shun political leaders who arrive there to meet them ... Read more...

Posted in Business |

Chandy seeks immediate reduction in Middle East airfares


June 10th, 2012 - 6:10 pm ICT by IANS
Thiruvananthapuram, June 10 (IANS) Kerala Chief Minister Oommen Chandy Sunday sought the immediate intervention of the central government to ensure that airfares to and from Middle East destinations, which have ... Read more...

Posted in Politics |

Air India fined $80,000 in US


May 4th, 2012 - 7:04 pm ICT by IANS
Washington, May 4 (IANS) India's national carrier Air India has been slapped a civil penalty of $80,000 by the US Transportation Department for failure to comply with rules concerning extended ... 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 |

Decision on aviation FDI deferred for next cabinet meet


April 12th, 2012 - 9:40 pm ICT by IANS
New Delhi, April 12 (IANS) A key decision on foreign carriers picking up stake in domestic airlines was deferred Thursday at a meeting of the cabinet presided over by ... Read more...

Posted in World |

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 |

US airline passengers go up


April 4th, 2012 - 3:51 pm ICT by IANS
Washington, April 4 (IANS) Passengers who travelled on US airlines and foreign airlines serving the US continued to increase in 2011, the US Transportation Department reported.Domestic and international airline passengers ... 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 |

Indian aviation sector in critical phase: IATA


March 15th, 2012 - 5:17 pm ICT by IANS
Hyderabad, March 15 (IANS) The situation in Indian aviation sector was critical and there is an urgent need to address the problems, the head of an international carriers' trade group ... 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 |

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 |

US airlines sue ExIm over Air India loan


February 20th, 2012 - 7:43 pm ICT by IANS
Washington, Feb 20 (IANS) US-based airlines, through their lobby the Air Transport Association of America, have sued Export Import Bank (ExIm) over its $3.3 billion in loan guarantees to a ... Read more...

Posted in World |

‘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 |

Private Indian airlines allowed to expand overseas services


February 14th, 2012 - 6:00 pm ICT by IANS
New Delhi, Feb 14 (IANS) The Indian government Tuesday allowed domestic private airlines to expand their overseas operations by using the maximum permissible limits of bilateral flying rights.So far, only ... Read more...

Posted in Business |

Mexico has 190 mn tourists in 2011


February 14th, 2012 - 11:53 am ICT by IANS
Mexico City, Feb 14 (IANS/EFE) Mexico registered "nearly 190 million tourists", of whom 22.67 million were foreigners, in 2011, eclipsing 185.7 million tourists registered in 2008, the Tourism Secretariat said.The ... Read more...

Posted in Business |

India’s need for aerospace engineers to grow: Experts


February 5th, 2012 - 5:57 pm ICT by IANS
Mumbai, Feb 5 (IANS) With calls for the government to liberalise foreign direct investment (FDI) norms to allow foreign airlines to invest up to 49 percent in domestic air carriers, ... 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 |

Myanmar to introduce e-visa system


February 1st, 2012 - 4:33 pm ICT by IANS
Yangon, Feb 1 (IANS) Myanmar is going to introduce e-visa system as a pilot project in February to facilitate foreign travellers' visits and promote tourism in the country.Myanmar Ministry ... Read more...

Posted in World |

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 |

FDI in aviation may give flight to domestic airlines


January 22nd, 2012 - 12:39 pm ICT by IANS
New Delhi, Jan 22 (IANS) Operating through a tough financial environment, Indian carriers see a ray of hope in the government proposal to allow foreign airlines to invest funds ... Read more...

Posted in Business |

GoM to look into foreign capital in domestic airlines


January 13th, 2012 - 10:24 pm ICT by IANS
New Delhi, Jan 13 (IANS) A group of ministers (GoM) is expected to meet next week to look into the demands raised by some of the major airlines to ... 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 |

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