AirAsia India launched service in June and has two Airbus A320 planes.
Experts hail 2014 as the worst year for banks.
A ministry's internal note proposes caps on minimum and maximum fares airlines can charge, keeping in mind their cost structure, profit margin and ensuring the last minute fares are not out of bounds of passengers.
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IndiGo, which has about 550 flights a day, has increased the number of daily flights from Delhi to Hyderabad and Chennai to seven.
Fresh trouble seems to be brewing for liquor baron Vijay Mallya, with Mumbai International Airport(MIAL) deciding to sell a mid-sized corporate jet owned by his group company.
Vistara will have to face stiff competition from Jet Airways, AirAsia
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
Estimates of decline in arrivals vary from 30-50 per cent. Rouble fell to 80 against the dollar on Tuesday, but settled around 72 against the dollar its steepest fall in sixteen years.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Cites technical reasons; crew told to apologies to passengers and provide feedback forms for those seeking a refund for pre-booked meals
The airline not to be put on cash and carry mode
The airline has promised refunds within 10 days, but there is a rush
The chief operating officer said that the carrier will surmount the present crisis very soon.
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
In November alone, year-on-year growth in flight bookings for the season was almost 40 per cent, said Ranjeet Oak, senior vice-president (flights), MakeMyTrip, a leading Indian online travel agency.
The panel will be asked to give report by March-April next year.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
ATF for domestic carriers has become 11.22 per cent cheaper since October and is expected to see more price cuts in the next three months.
The US has already eased the procedure for issuing visa to attract a million Indian tourists by 2015
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