Jet fuel price hiked by 3.2 percent
August 16th, 2012 - 4:29 pm ICT by IANS
New Delhi, August 16 (IANS) Jet fuel or aviation turbine fuel (ATF) price was hiked Thursday by over 3.2 percent, according to the Indian Oil Corporation (IOC).Jet fuel constitutes over ... Read more...
Posted in Business |
Aviation regulator directs airlines to rationalise fares
June 18th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 18 (IANS) India's civil aviation regulator Monday directed all domestic airlines to check the exponential rises in air fares, even as demand declined in May by 0.87 ... 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 |
‘Need careful implementation of Air India revival plan’
April 27th, 2012 - 11:25 pm ICT by IANS
New Delhi, April 27 (IANS) A standing committee report which was presented to Parliament Friday cautioned the government about carefully implement the revival plan for national carrier Air India."The ... Read more...
Posted in Business |
Private airlines to have global traffic rights
March 14th, 2012 - 6:34 pm ICT by IANS
Hyderabad, March 14 (IANS) The government is considering giving traffic rights to private airlines on global routes to help them tide over their financial problems, Civil Aviation Minister Ajit ... Read more...
Posted in Business |
Ajit Singh carries aviation woes to PM
March 13th, 2012 - 6:39 pm ICT by IANS
New Delhi, March 13 (IANS) Civil Aviation Minister Ajit Singh Tuesday discussed with Prime Minister Manmohan Singh "many issues" afflicting the airline industry.The meeting assumes significance as the government ... Read more...
Posted in Uncategorized |
‘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 |
Jet fuel price cut by Rs.350.70 a kilolitre
February 16th, 2012 - 7:52 pm ICT by IANS
New Delhi, Feb 16 (IANS) State-owned oil marketing companies (OMCs) Thursday cut aviation fuel prices by Rs.350.70 or 0.56 percent a kilolitre (kl), effective from midnight Friday.With this, the ... Read more...
Posted in Business |
Jet fuel price cut by Rs.1,974 a kilolitre
January 31st, 2012 - 9:09 pm ICT by IANS
New Delhi, Jan 31 (IANS) State-owned oil marketing companies (OMCs) Tuesday cut aviation fuel prices by Rs.1,974.29 or 3.04 percent a kilolitre (kl), effective from midnight Wednesday, as an ... Read more...
Posted in Business |
Jet fuel price cut by Rs.622 a kilolitre
December 31st, 2011 - 10:43 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned oil marketing companies (OMCs) slashed the jet fuel rates by Rs.622.33 or 1.05 percent a kilolitre (kl), effective from midnight Saturday, as crude ... 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 |
Ajit Singh takes charge of ’sensitive’ civil aviation
December 19th, 2011 - 1:54 pm ICT by IANS
New Delhi, Dec 19 (IANS) A day after being inducted into the union cabinet, Rashtriya Lok Dal (RLD) chief Ajit Singh Monday took charge of the civil aviation ministry, which ... Read more...
Posted in Politics |
Oil firms cut jet fuel prices by 1.38 percent (Lead)
December 15th, 2011 - 10:04 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing companies (OMCs) Thursday pared jet fuel prices by 1.38 percent or Rs.833 per kilo litre (kl), effective from Dec 16.With this, ... Read more...
Posted in Business |
Oil firms increase jet fuel price by 3.70 percent
November 30th, 2011 - 11:09 pm ICT by IANS
New Delhi, Nov 30 (IANS) State-owned oil marketing companies (OMCs) Wednesday increased the prices of aviation turbine fuel (ATF) by 3.70 percent, effective from Dec 1.The ATF at Delhi's IGI ... Read more...
Posted in Business |
High taxes reason behind rising jet fuel: Ravi
November 30th, 2011 - 7:02 pm ICT by IANS
New Delhi, Nov 30 (IANS) The government Wednesday informed parliament that the cash-strapped Indian airline sector is being troubled by rising air turbine fuel (ATF) prices caused by high sales ... Read more...
Posted in Business |
PM holds discussions with private airline chiefs
November 26th, 2011 - 5:55 pm ICT by IANS
New Delhi, Nov 26 (IANS) In an attempt to chart a way out for the cash-strapped aviation industry, Prime Minister Manmohan Singh Saturday met with the heads of all ... Read more...
Posted in Uncategorized |
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 |
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 |
Oil firms increase jet fuel price by two percent
November 15th, 2011 - 11:16 pm ICT by IANS
New Delhi, Nov 15 (IANS) State-owned oil marketing companies (OMCs) Tuesday increased the prices of aviation turbine fuel (ATF) by two percent, effective from Nov 16.The ATF at Delhi's ... Read more...
Posted in Business |
AI looking for new routes, says Ravi
August 20th, 2011 - 5:11 pm ICT by IANS
New Delhi, Aug 20 (IANS) National carrier Air India will operate flights on new routes as and when an opportunity arrives, the government said Saturday."We will take a decision ... Read more...
Posted in Business |
Rising fuel prices forced airlines to increase fares: Ravi
August 3rd, 2011 - 11:50 pm ICT by IANS
New Delhi, Aug 3 (IANS) Civil Aviation Minister Vayalar Ravi Wednesday blamed rising jet fuel prices for domestic airlines increasing the fuel charge component in airfare to a maximum of ... Read more...
Posted in Business |
Measures on to revive Air India: Government
July 1st, 2011 - 10:21 pm ICT by IANS
New Delhi, July 1 (IANS) The government Friday dismissed speculation surrounding the future of debt-ridden national carrier Air India, saying that short to medium term measures will help in ... Read more...
Posted in Business |
Jet fuel prices down, but no respite to passengers
May 16th, 2011 - 7:00 pm ICT by IANS
New Delhi, May 16 (IANS) Despite the state-owned Oil marketing companies (OMCs) cutting jet fuel price last week by 2.9 percent - after increasing it 14 successive times - ... Read more...
Posted in Business |
Roll back service tax on air travel: Ravi
March 7th, 2011 - 8:12 pm ICT by IANS
New Delhi, March 7 (IANS) Civil Aviation Minister Vayalar Ravi Monday called for rolling-back the proposal to hike the service tax on air travel, saying it would further hurt ... Read more...
Posted in Business |
Indian Oil Corporation raises jet fuel prices by 4.5 percent
January 31st, 2011 - 9:29 pm ICT by IANS
New Delhi, Jan 31 (IANS) State-owned Indian Oil Corporation (IOC) Monday raised aviation turbine fuel (ATF) prices by 4.5 percent, which now stands at Rs.50,958.79 per kilolitre in Delhi.This is the eighth ... Read more...
Posted in Business |
Losses widen at Continental Airlines
April 23rd, 2010 - 6:07 am ICT by IANS
New York, April 23 (DPA) Continental Airlines, the fourth-largest US carrier, Thursday reported bigger-than-expected first-quarter losses as higher jet fuel prices raised operating costs.
Continental CEO Jeff Smisek said he was disappointed with ... Read more...
Posted in Business |
Oil firms cut jet fuel prices by 2.5 percent
February 15th, 2010 - 8:38 pm ICT by IANS
New Delhi, Feb 15 (IANS) State-run oil companies Monday cut jet fuel prices by 2.5 percent after drop in international crude prices which earlier rose to $82-84 per barrel.
Jet fuel in Delhi ... Read more...
Posted in Business |
Oil firms hike jet fuel price by over 6 percent
January 15th, 2010 - 10:01 pm ICT by IANS
New Delhi, Jan 15 (IANS) State-owned oil companies Friday hiked jet fuel prices by over 6 percent after international crude prices rose to $82-84 per barrel this month.
Jet fuel in Delhi will ... Read more...
Posted in Business |
Air India to continue with incentives for employees (Lead)
November 17th, 2009 - 6:59 pm ICT by IANS
New Delhi/Mumbai, Nov 17 (IANS) The National Aviation Co of India Ltd (NACIL) that runs national carrier Air India Tuesday decided to continue with the present performance linked incentives (PLI) as passenger ... Read more...
Posted in Business |
Air India to fix incentive cut quantum Tuesday
November 17th, 2009 - 4:56 pm ICT by IANS
New Delhi/Mumbai, Nov 17 (IANS) The Air India management is expected to take a call Tuesday on the quantum of reduction of performance linked incentives (PLI), which constitutes a major chunk ... Read more...
Posted in Business |
Jet fuel prices hiked by over two percent
November 15th, 2009 - 8:42 pm ICT by IANS
New Delhi, Nov 15 (IANS) State-owned oil companies Sunday raised aviation fuel prices by Rs.948 per kilolitre, or 2.4 percent. This is the second hike this month in the jet fuel prices.
The ... Read more...
Posted in Business |
Jet, Kingfisher domestic fares up Rs.200
November 6th, 2009 - 6:07 pm ICT by IANS
Mumbai, Nov 6 (IANS) Jet Airways and Kingfisher Airlines Friday increased fuel surcharges, pushing up their domestic fares by up to Rs.200.
National carrier Air India and other low-cost carriers haven't taken a ... Read more...
Posted in Business |
Ministerial group to examine high jet fuel prices
August 13th, 2009 - 3:04 pm ICT by IANS
New Delhi, Aug 13 (IANS) Prime Minister Manmohan Singh has decided to constitute a ministerial group to look into the issue of high aviation fuel prices in India that has exacerbated ... Read more...
Posted in Business |
India’s private carriers will fly after Aug 18 after all (Lead)
August 3rd, 2009 - 12:04 am ICT by IANS
New Delhi, Aug 2 (IANS) Faced with stern action by the government and all-round resentment and anguish expressed by air travellers, private airlines in India late Sunday called off their proposal to ... Read more...
Posted in Business |
Government asks airlines to talk, not stop service
August 1st, 2009 - 3:21 pm ICT by IANS
New Delhi, Aug 1 (IANS) Civil Aviation Minister Praful Patel Saturday asked private airlines withdraw their proposal to suspend operations Aug 18 and asked them come to the table for discussions ... Read more...
Posted in Business |