It reported a loss of Rs 36 crore (Rs 360 million), the first such negative result in 10 years.
On Thursday, all airlines (except for Air India) reduced fares on key domestic routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Bengaluru, among others.
In the India-US sector, for instance, Air India operates 15 stopover flights between Mumbai and Chicago, and Mumbai and New York
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
The ministry of corporate affairs has raised questions on Etihad's rights to nominate three directors on the board and, despite being a minority shareholder in the company, decide on the vice-chairman.
Realty plans hit roadblock; delay could hit modernisation
The complaint was lodged by Mumbai-based Express Industry Council of India, which represented major express courier and cargo companies such as DTDC, Aramex India, Blue Dart, DHL Express, GATI and First Flight.
Has also sought permission to share with Virgin Atlantic for new routes in Britain.
In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
Ravindra Dholakia joins the board along with Gurcharan Das, former chief executive officer of Procter & Gamb#8804 Prem Vrat, vice-chancellor of ITM University of Gurgaon; Air Marshal K K Nohwar; and Renuka Ramnath, managing Director and CEO of private equity firm Multiples Alternate Asset Management.
Airlines likely to be allowed to operate with smaller aircraft.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
Jet Airways would have four directors on the board; there would be seven independent directors as well.
IDBI Bank, SBI, ONGC & PFC show interest in carrier's central Delhi land. Proceeds from the asset sale would be used to clear the government-owned airline's debt.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
Mittu Chandilya wants to bring a new meaning to flying for Indians.
It has sought the permission of the Foreign Investment Promotion Board to start single-brand retail outlets.
Air India's earnings of one-two per cent of total air cargo business of Rs 900 crore per annum is almost negligible.
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