The combine has a fleet of 189 aircraft which includes A-320s, A-330s, Boeing-737s, Boeing-747s and turbo props. Industry experts said this would mean the withdrawal of around 75 flights a day, or around 8 per cent of the combine's daily domestic flights.
Plan for interim international terminal cancelled; land trouble delays domestic terminal.
All those who joined Prasar Bharati before October 5, 2007, will be treated as government employees on "deemed deputation". At present, the status of these employees is not clear as they are treated as on "deemed deputation" and don't get the benefits of a government job like regular promotions, government housing and bonuses.
That is because Mumbai, which has no scope for further expansion, has not allowed any additional aircraft movements this winter schedule allowing only 32 flight movements per peak hour.
Encouraged by the success of direct-to-home services in India, Pakistan Television Corporation Ltd, that country's national broadcaster, has invited national and international firms to help it set up its own DTH service with 100 channels. Once operational, this will be the first DTH service in Pakistan.
Trai has submitted 26 recommendations to the government and released 30 consultation papers so far this year, up from seven and 20, respectively, in 2007. Few of its recommendations are actually accepted by the govt.
The rupee has touched a five-year high, crossing the Rs 47 mark. The average value of the currency against the dollar during September was almost 14 per cent lower than in April. More than a third of an airline's costs are dollar denominated. Major heads of expenditure include aircraft ownership, maintenance and spares costs. Also included are international training and a certain chunk of sales and distribution costs.
The downturn in the aviation sector has led to significantly lower demand for pilots. This has adversely affected the businesses of more than 50 flying training schools, which had come up during the last two years on the back of an unprecedented growth story. Admissions to these institutes have now hit an all-time low.
Four days after it was opened, the third runway at the Delhi airport was closed today after some crucial equipment stopped functioning. Operations had already got restricted to daytime after the runway lights failed over the weekend, rendering it unusable at night.
After being hit by a fuel price hike and capacity cut, it may be happy times again for the airline industry this festive season. While Kingfisher is looking at adding at least 15 new flights in the winter season, competitors Jet Airways, SpiceJet, IndiGo and Paramount are adding over 30 new flights together (arrivals and departures); they will do this through a combination of better utilisation of existing aircraft and inducting new fleet.
HITS is a new cable-distribution platform that is similar to the direct-to-home service. It allows distribution of digital-quality cable channels via satellite to cable operators at one go. For consumers, it means access to quality cable channels via a set-top box at reduced monthly rates, while for the cable industry, it means faster and cost-effective digitalisation.
Estimates and bid amounts available in the public domain show that ESPN Star Sports is now sitting on nearly 1,400 days of international cricket matches over the next ten years for which it has paid nearly Rs 9,380 crore. In other words, the broadcaster will offer viewers roughly 140 days of cricket every year. And it has acquired each match-day at an average cost of Rs 7 crore, which the industry says is cost-effective.
According to sources, the proposal regarding 'grant of approval to the transfer of shares by the FM radio company for the purpose of demerging the radio business has been submitted to the Cabinet for its consideration. Over a dozen private FM radio operators, including Reliance ADAG's Big FM, will stand to benefit from this move, experts say.
Also plan to charge a premium on advertising.
The downturn in the aviation industry has not discouraged real estate companies, flying academies and large industrial houses from India eyeing private airport development.
India will be one of the key centres for design and development of the A350 aircraft, European aircraft manufacturer Airbus' answer to the Boeing 787 Dreamliner.
Private airport developers under the public-private partnership model will not be able to get additional contracts in and around the airport that are part of the original project by merely matching the lowest bidder without participating in the bidding process.
In what would be a significant boost to the domestic entertainment industry, the United States has been roped in as the partner country for the 2009 Ficci Frames - the annual global convention on the entertainment and media industry that is partly sponsored by the Ministry of Information and Broadcasting. It will be the tenth year of Ficci Frames next year.
Lower crude oil prices are expected to bring down jet fuel rates by 10 per cent in September, but passengers are unlikely to get the benefit as airlines are reluctant to reduce their fares.
On offer from the beginning of this week, these fares are expected to continue through the rest of the lean season, that is, till the end of September. Customers buying any low-cost carrier ticket on the Mumbai-Delhi route will only have to pay taxes and surcharges that range from Rs 3,400 to Rs 3,600.
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