In what could be seen as another subsidy to the cash-strapped national carrier, the Air India website has opened a special section for LTC tickets to government servants.
The average fares charged by Jet Airways and its low-cost carrier arm Jet Konnect were higher than the average industry fares on almost all routes, according to a monthly internal analysis for July by the Directorate General of Civil Aviation (DGCA).
The reassessed Plan size for the railways in 2012-13 has already shrunk to Rs 56,950 crore (Rs 569.5 billion) from Rs 60,100 crore (Rs 601 billion) after the first quarter.
AAI holds a minimum of 26 per cent equity in any of the joint venture in the form of assets, and the balance is with private sector/financial institution/state government for city-side development of viable non-metro airports.
The aviation sector is upbeat, with Jet Airways and SpiceJet recording profits in the quarter ended June and foreign institutional investors (FIIs) increasing their stakes in all the three listed carriers Jet Airways, Kingfisher Airlines and SpiceJet.
According to the target set by the Prime Minister, contracts for the Sonnagar-Dankuni section of the Dedicated Freight Corridor, elevated rail corridor in Mumbai and locomotive factories in Madhepura and Marhowra should be awarded this year.
The ministry of railways has projected a three-time increase in Plan size to Rs 7,19,677 crore (Rs 7,196.77 billion) for the five-year period.
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