In the initial phase, it would concentrate on destinations in south India, and on providing connectivity to small towns.
On Thursday, Sabeer Bhatia, chief executive and co-founder of Jaxtr, launched a global SIM card for travellers.
LIC had evinced interest to purchase the land at Baba Kharak Singh Marg at around Rs 800 crore.
European airports are wooing Indian airlines in the wake of intense competition from aviation hubs such as Dubai and Doha.
India, UAE yet to conclude bilateral investment promotion and protection agreement.
This carbon credit system is expected to generate greater financial viability for regional operators.
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
The GVK Group-run Mumbai International Airport Ltd is upgrading the airport at an estimated cost of Rs 12,380 crore.
An aviation website has evaluated AirAsia's potential network in India based on passenger market size, distance from Chennai and competition.
Ajit Singh says the govt does not intend to regulate fares but in the larger public interest, transparency is required.
Human resource experts say the volatile environment might change its hiring pattern, with the process spread through the year, instead of happening during December - February as at present.
Air India's total debt stands at about Rs 43,000 crore. It also has dues worth hundreds of crores to oil companies, airports and vendors
The state-run carrier will shortly invite bids to replace its fleet of 11 ATR-42s and Bombardier CRJ planes with newer fuel-efficient turbo prop planes to improve its operating result.
On Monday, the ministry withdrew foreign traffic rights it had granted to Kingfisher Airlines.
The market regulator had last month allowed bourses to set up debt segments to develop the country's languishing corporate bond market.
Priority will be to maintain a balance between sector's growth and consumer welfare.
Air India and Jet Airways flew tonnes of fresh flowers to Europe in the last 10-12 days, though their uplift is much less compared to rival carriers.
Aim is to boost sales volumes and increase penetration.
According to a presentation by LIC to Parliament standing committee on finance, total investment at the end of March 31, 2012 was Rs 13.49 lakh crore or Rs 13.49 trillion.
The Kumbh Mela is expected to draw close to 100 million visitors in all, including pilgrims, politicians, celebrities and corporate leaders, from around the world.
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