jet fuel

Declare jet fuel a notified product to bring down prices: Ajit Singh


September 10th, 2012 - 3:00 pm ICT by IANS
New Delhi, Sep 10 (IANS) Civil Aviation Minister Ajit Singh Monday said he has urged the petroleum ministry to put aviation turbine fuel (ATF) on the notified product list ... Read more...

Posted in Business |

Bureaucracy holding up Agra’s air connectivity?


August 30th, 2012 - 2:36 pm ICT by IANS
Agra, Aug 30 (IANS) The Kheria airport in Agra is ready to receive domestic airlines and international chartered flights ahead of a new tourist season beginning next month. But ... Read more...

Posted in Business |

Air India yet to decide on direct ATF import: Ajit Singh


August 28th, 2012 - 9:40 pm ICT by IANS
New Delhi, Aug 28 (IANS) Air India has not yet decided about importing Air Turbine Fuel (ATF) directly, Civil Aviation Minister Ajit Singh said Tuesday. The minister said this in ... Read more...

Posted in Business |

China airlines’ profits decline


July 11th, 2012 - 7:27 pm ICT by IANS
Beijing, July 11 (IANS) Profits of major Chinese airline companies have declined in the first half of 2012, it was reported here Wednesday.China Southern Airlines Co. Ltd. said its net ... Read more...

Posted in Business |

China to export gutter oil for jet fuel


July 11th, 2012 - 6:56 pm ICT by IANS
Beijing, July 11 (IANS) China will export gutter oil for reuse as aviation fuel after processing, a media report said Wednesday.The gutter oil is leftover cooking oil collected from restaurant ... Read more...

Posted in Business |

Air India to import jet fuel directly


June 7th, 2012 - 9:02 pm ICT by IANS
New Delhi, June 7 (IANS) Air India wants to directly import jet fuel that would help the national carrier save around Rs.300 crore annually.To do this, the airline will seek ... Read more...

Posted in Uncategorized |

Ajit Singh to raise tax issue with petroleum, finance ministries


June 6th, 2012 - 9:09 pm ICT by IANS
New Delhi, June 6 (IANS) Civil Aviation Minister Ajit Singh Wednesday said he will raise the issues of rationalising state sales tax on jet fuel and service tax on tickets ... Read more...

Posted in Business |

AI plans to use Dreamliner on domestic routes to cut cost


May 6th, 2012 - 4:34 pm ICT by IANS
New Delhi, May 6 (IANS) 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 ... Read more...

Posted in Business |

Russian firm opens petroleum terminal in Spain


April 28th, 2012 - 1:01 pm ICT by IANS
Barcelona, April 28 (IANS/EFE) Russian energy giant Lukoil inaugurated a petroleum-products terminal here Friday that is the fruit of its strategic alliance with Spain's Meroil.The 50-million-euro ($66.3 million) project at ... Read more...

Posted in Business |

SpiceJet allowed to directly import ATF


April 18th, 2012 - 4:06 pm ICT by IANS
Mumbai, April 18 (IANS) SpiceJet Ltd has became India's first low-cost private airline to get government approval for importing aircraft turbine fuel (ATF) directly.The approval was granted by the Director-General ... 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 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 |

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 |

Juan Pablo involved in Montoya crash


February 29th, 2012 - 12:09 am ICT by Aishwarya Bhatt
Daytona, Feb 28 (THAINDIAN NEWS) Juan Pablo Montoya will be the first to admit being very lucky after he walked off unhurt following a massive fire which was sparked after he crashed ... Read more...

Posted in Sports |

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 |

Policy on import of jet fuel silent on logistics: Experts


February 7th, 2012 - 7:59 pm ICT by IANS
New Delhi, Feb 7 (IANS) Airlines welcomed the decision of a ministerial panel to allow direct import of fuel, but aviation experts said several questions remained unanswered, particularly on ... Read more...

Posted in Business |

Sensex closes lower, aviation stocks soar (Roundup)


February 7th, 2012 - 6:26 pm ICT by IANS
Mumbai, Feb 7 (IANS) A benchmark index for Indian equities markets Tuesday closed 84 points lower as traders booked profits after five consecutive weeks of rallying.Aviation stocks, however, shot ... Read more...

Posted in Uncategorized |

Sensex closes 87 points lower (Lead)


February 7th, 2012 - 5:11 pm ICT by IANS
Mumbai, Feb 7 (IANS) A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.Aviation stocks, however, ... 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 |

Government approves direct jet fuel import, Air India debt plan (Lead)


February 7th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 7 (IANS) An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee Tuesday allowed domestic airlines to directly import fuel and approved Air India's ... Read more...

Posted in Business |

Government allows direct jet fuel import, Air India debt plan


February 7th, 2012 - 2:57 pm ICT by IANS
New Delhi, Feb 7 (IANS) An empowered group of ministers (EGoM), led by Finance Minister Pranab Mukherjee, Tuesday allowed domestic airlines to directly import aviation turbine fuel and approved ... 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 |

Oil firms halt, resume fuel supplies to Air India


February 2nd, 2012 - 10:19 pm ICT by IANS
New Delhi, Feb 2 (IANS) Jet fuel supplies to cash-strapped Air India were halted for three hours by the three state-run oil marketing companies Thursday but resumed following government intervention.An ... 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 |

U.S. FAA announces $7.7 million to develop ‘green’ fuel


December 2nd, 2011 - 8:29 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- The U.S. Federal Aviation Administration (FAA) on Thursday announced that it is awarding $7.7 million in contracts to help advance alternative, environmentally-friendly, sustainable sources for commercial jet ... Read more...

Posted in Environment |

Jet needs to raise cash flows, funds, say auditors


November 22nd, 2011 - 5:57 pm ICT by IANS
Mumbai, Nov 22 (IANS) Airline major Jet Airways needs to generate cash flows or raise funds to meet its existing obligations, including the support to its low-cost subsidiary JetLite, the ... Read more...

Posted in Business |

Planning fuel imports to cut costs: Mallya


November 15th, 2011 - 4:25 pm ICT by IANS
Mumbai, Nov 15 (IANS) Cash-strapped Kingfisher Airlines chairman Vijay Mallya Tuesday said they were planning to directly import jet fuel to cut costs."We have applied officially to the ministry of ... Read more...

Posted in Business |

Jet Airways reports Rs.713.60 crore Q2 net loss


November 11th, 2011 - 11:31 pm ICT by IANS
Mumbai, Nov 11 (IANS) Airline major Jet Airways Friday reported a net loss of Rs.713.60 crore in the second quarter of 2011-12 from a net profit of Rs 12.40 crore ... Read more...

Posted in Uncategorized |

Punj Lloyd bags order for Dubai jet fuel pipeline


October 25th, 2011 - 8:08 pm ICT by IANS
Mumbai, Oct 25 (IANS) Diversified conglomerate Punj Lloyd Tuesday said it has bagged an engineering, procurement and construction (EPC) project worth Rs.623 crore to set up a jet fuel pipeline ... Read more...

Posted in Business |

Mallya to ground low-cost Kingfisher Red in four months


September 28th, 2011 - 10:14 pm ICT by IANS
Bangalore, Sep 28 (IANS) 'King of good times' Vijay Mallya Wednesday decided to ground his low-cost Kingfisher Red brand by January 31, 2012 as his cash-strapped airline firm hit turbulence ... Read more...

Posted in Business |

Air India’s fuel credit limit extended: Ravi


August 18th, 2011 - 11:25 pm ICT by IANS
New Delhi, Aug 17 (IANS) The group of ministers (GoM) looking into the troubled financial condition of national carrier Air India Thursday said that the airline's credit limit by ... Read more...

Posted in Business |

Aeromexico carries out first transcontinental biofuel flight


August 2nd, 2011 - 6:25 pm ICT by BNO News
MEXICO CITY (BNO NEWS) – Mexican flagship carrier Aeromexico on Monday evening made its first transcontinental flight using biofuel, the company said on Tuesday.The company said the flight from Mexico City to ... Read more...

Posted in World News |

Air India cancels 50 flights to reduce cost


June 2nd, 2011 - 7:01 pm ICT by IANS
New Delhi/Mumbai, June 2 (IANS) In a move to reduce operating costs, Air India Thursday said it has curtailed 50 flights on international and domestic routes to maintain balance between ... Read more...

Posted in Business |

Fuel supply resumes, Air India operations normal (Lead)


May 27th, 2011 - 6:24 pm ICT by IANS
Mumbai/Thiruvananthapuram, May 27 (IANS) Oil companies resumed supply of jet fuel to national carrier Air India Friday after huge unpaid bills led to the cancellation of four flights earlier in ... Read more...

Posted in Business |

Kingfisher Airlines 2010-11 net loss at Rs.1,027 crore


May 24th, 2011 - 5:00 pm ICT by IANS
Mumbai, May 24 (IANS) Vijay Mallya-promoted Kingfisher Airlines Tuesday reported a full-year net loss of Rs.1,027 crore, down from Rs.1,647 crore in fiscal 2009-10, mainly on account of improved performance ... Read more...

Posted in Business |

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