Air Cargo Express, with its dedicated fleet of ATRs, is also supposed to start operations this year. Reliance Retail is also considering starting a cargo airline for its supply chain.
The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
After filing their objections against the Air India-Indian Airlines merger with the corporate affairs ministry on August 31, the unions of Indian Airlines are now planning to take the matter to court.
Airline sources said an increase of Rs 600 to Rs 1,000 is necessary for all carriers to become profitable.
Cashing in on the closure of Pune Airport for over 16 hours for repairs, several helicopter companies are offering travellers a ride on the Pune-Mumbai route, which is becoming a hot destination for many chopper services.
The high-profile denizens of Mumbai and other celebrities will soon have a new place to hang out. Planet Hollywood, the US-based theme restaurant, is planning its debut in India by setting up a floating restaurant around the Mumbai harbour.
Though neither Hyderabad nor Bangalore have come out with their ground handling plans or charges yet, their space rental charges are indicative of what is to come.
Air India has positioned its fares on par with airlines offering one-stop services to US.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
Starting this October, Air India Express will fly Cochin-Chennai, Cochin-Hyderabad, Cochin-Bangalore, Bangalore-Chennai, Chennai-Kolkata, Hyderabad-Kolkata and Kolkata-Agartala.
Three major companies, Japanese giant Toshiba, Canadian major Bombardier and GE, are looking at manufacturing wagons and coaches in the country.
Cochin International Airport may team up with some domestic airlines to launch a budget carrier for the Gulf destinations.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
Civil Aviation Minister Praful Patel hopes to introduce GAGAN in a limited way next year and the full system by 2010.
The air carrier, which currently operates 47 flights a week, is also planning to tie up with a credit card service provider to integrate the Miles and More programme.
Ratifying the convention would help Indian carriers save over $200 million in aircraft acquisition costs in the short term and over $1 billion in the long term.
Singapore-based PSA International, which operates a container terminal at Tuticorin Port in South India, has reduced its annual handling capacity by 20 per cent on the grounds that its current tariffs are not commercially viable.
From handling a jute mill to doing global infrastructure projects, Rao has come a long way.
Union Civil Aviation Minister Praful Patel's dream to make Indian airports an international aviation hub may have to wait.
With Air India's Gulf monopoly under threat and likely to end very soon if the civil aviation ministry has its way, the state-owned airline is now pitching aggressively for direct flights to the US and Australia to make up for the loss.
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