The Air India management has reached an agreement with pilots from the erstwhile Indian Airlines on the contentious issue of pay parity. Fearing another agitation from the Indian Commercial Pilots Association (ICPA), the airline's management has agreed to the union's demands for fixed allowances each month.
The government-owned airline has 63 narrow body planes from Airbus, including the A319 and A321.
Kingfisher Airlines is exploring hiving off its engineering department into a separate maintenance, repair and overhaul (MRO) unit. This is one of several measures being considered by the airline management to tide over its current financial crisis.
His debt woes may continue and losses double, but the King of Good Times was clearly in a defiant mood at a press meet in a packed venue in a suburban hotel in Mumbai on Tuesday.
Higher returns, more liquidity draw individual investors to savings accounts.
The negotiations will be held in Mumbai on Tueday at the International Civil Aviation Negotiations Conference which will be inaugurated by President Pratibha Patil.
CDR amount jumps six times in first half; bankers expect things to worsen.
AI Express operates 195 weekly flights, mostly from Kerala.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Jet Airways is pushing web sales to increase its revenue and cut distribution costs. The airline is selling 100,000 seats at a discount to drive this strategy.
Prompted by the Reserve Bank of India's increase in the key rate, the repo, banks have raised interest rates by 325-350 basis points.
Helicopter operations were shifted to Juhu in January after Mumbai airport authorities banned chopper movements.
ACEU was derecognised after the airline's ground staff and cabin crew went on strike on May 26 last year.
Third-party sales force in financial sector dying slow death.
Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.
The Reliance Anil Dhirubhai Ambani Group plans to develop Baramati, about 100 km from Pune, as a hub for private jets, with airports in Mumbai and Pune facing acute shortage of parking bays. Baramati is also the home town of Union agriculture minister and Nationalist Congress Party chief Sharad Pawar.
Companies say the viability of 13,000 megawatts worth of projects, which have fixed power sale tariffs, hinge on the government decision.
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets was the highest in the category of loans up to Rs 200,000.
Deccan 360 is not taking orders, as it claims it is re-aligning its services.
RBI slams public sector banks for the strange phenomenon of profits dipping when a new chairman takes over.
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