Indian airlines on Wednesday began evacuating stranded people from flood-ravaged Jammu and Kashmir with Air India flying back 270 passengers free, as DGCA asked them to cap total fares including taxes on Srinagar-Delhi and Leh-Delhi sectors at Rs 2,800 and Rs 3,000 respectively.
The policy has been finalised after nearly eight months since the Ministry came out with the revised draft in October 2015.
The ministry will meet domestic carriers next week to discuss how the upper limit in each bucket could be reduced to bring down average airfares, which have been rising in the past few months.
Holidayers' plans have gone topsy-turvy of late and the options have got limited.
Jet has pulled out flights from Northeast states and also cancelled its Srinagar flight, leading to reduction in capacity.
Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.
It's been a huge draw for Indian tourists this year.
Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.
State-owned oil firms on Friday hiked jet fuel prices by almost 2 per cent, the sixth straight increase in rates since October when international crude oil prices started climbing.
Airfares in Indian market are unsustainable, says a senior Boeing official.
The introduction of private players would mean that trains will be available on demand and that passenger waitlist will decrease.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Protesting against the government efforts to reduce high prices charged by airlines on tickets booked at short-term notice, Kingfisher Airlines promoter Vijay Mallya on Monday said that airfares should not be capped by the regulatory authorities, whether it is in upper or lower band.
Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
Domestic air fares of major carriers are likely to be increased from Thursday and the number of low-fare tickets could be slashed as airlines attempt to cut costs and contain losses.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
'Those (Russian) fighter jets just drop bombs and fly away.' 'How will they know if a bus is carrying Indian students?'
DGCA had earlier directed all airlines not to charge anything extra from passengers from Srinagar and Jammu.
The fare will be cheaper as it will be capped at Rs 2,500 per passenger.
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
Eyeing a larger share of the passenger traffic pie, Malaysia Airlines has reduced the fuel surcharge by 53 per cent from Monday for flights to Kuala Lumpur from India. As a result of the reduction, the return airfare from India to Malaysia starts from Rs 16,528, including taxes, the carrier said in a statement.
In a bid to cash in on summer vacation rush, Jet Airways will launch new no-frills service - Jet Airways Konnect, from May 8 and will provide 10-15 per cent cheaper airfare on the service.
Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent
The watchdog would also endeavour to do its best to help the company revive its operations within the set regulatory framework.
The issue had come up during a presentation by the Civil Aviation Ministry.
The pilots and other senior staff have not been getting their full salaries since December.
Brent crude oil price surged 4 per cent on Friday, following tension between Iran and the US. Airlines, however, have been unable to pass on the price increase to customers due to the soft demand.
The All India Jet Airways Technicians Association cautioned that in case the allocation is not stopped, it would be forced to resort to legal means for a resolution.
You can now avail of special airfares to New York.
Malaysia Airlines on Friday launched their new online promotional return airfare of Rs 8,000 for passengers travelling to Kuala Lumpur or Singapore.
Air India launched a short-term 'Monsoon Bonanza' scheme under which tickets on 40 select domestic sectors can be bought till Saturday for travel till September 30.
The airline has suspended its international operations till Monday.
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
When a pre-planned trip fell through, Mridula Dwivedi decided to visit Kutch on an impulse.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
Executives of Indian airlines said that the drop is primarily for flights to major metro cities like Delhi, Mumbai, Hyderabad, Bangalore, which are the prime revenue generators on the domestic front.
However, the government did not expect the low fares to breach the lowest fare bucket given by the airlines to aviation regulator Directorate General of Civil Aviation.
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