Cash-strapped Kingfisher had the best on-time performance in the last three years and low cost airline IndiGo registered the highest passenger load factor while national carrier Air India remained the worst performer on both the parameters.
Private airlines owe a total of Rs 710.14 crore to the AAI.
At a time when airline across the world is hit due to slowdown and Air India is facing its worst-ever crisis, Kingfisher Airlines announced the launch of flights on eight international routes before the year-end.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
All flights into and out of the UK were cancelled for safety reasons, with all major airports ordered closed.
Ministry will try to persuade Airports Authority of India, fuel suppliers for easier terms to the airline
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.
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
A section of Kingfisher pilots have reported sick in protest against non-payment of salaries.
Aviation companies plan to join hands for importing aviation turbine fuel (ATF) in a bid to bring down their fuel bills.
Kingfisher pays 37 per cent higher premium while Air India defers renewal. "The Air France crash is expected to provide a $600-$700 million hit (to global insurance companies), which is 40 per cent of the total premium collected, and therefore hardening of reinsurance rates was evident. We had seen prices go up from $2 billion to $4 billion after the 9/11 attacks (in the US)," said ICICI Lombard Reinsurance Head Rajiv Kumaraswamy.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Finnair flies six-days a week (except for Tuesday) from New Delhi to Helsinki.
A total of 406 aircraft are in the fleet of eight scheduled airlines in the country, most of which were suffering losses, Lok Sabha was informed.
Even if you assume a higher return fare of Rs 40,000, the yield will still be lower than the costs.
Jet Airways, Kingfisher Airlines and Air India will have till March to settle the Rs 2,900-crore fuel bill they owe the state-owned refiners even as the oil companies today agreed to increase the credit limit for the airlines to 90 days.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
Six pilots of Kingfisher Airlines, GoAir and Air India have been de-rostered by the Directorate General of Civil Aviation after they violated guidelines while landing on a short runway at Mumbai airport under rainy conditions. The DGCA also issued notices to the three airlines on the matter asking them to explain why the strict guidelines were not followed.
Sources close to the development told PTI that the open offer was expected to be announced next week. The share price for the open offer would be Rs 155 per share, the amount UB Holdings paid for picking up the 26 per cent stake.
Kingfisher, Jet and state-owned Air owe Rs 4,000 crore to oil companies and airports. Dues to the Airports Authority of India, private airports and oil companies IOC, BPCL and HPCL were to have been cleared by March 31, under the government's mandate. Industry figures show that the three airlines are collectively projected to make operating losses of Rs 5,000 crore.
Full service carrier Kingfisher Airlines has decided to cut its basic fares up to 60 per cent.This announcement, which will mean around a 20 per cent cut in overall fares, follows competitor Jet Airways.
Government-owned and financially ailing AI has been dropping its economy class fares to the level of low-cost carriers.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Two of the largest airlines, Jet Airways and Air India, have decided to stop absorbing the surcharge on payments by agents made through credit cards.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
Kingfisher Airlines, National Aviation Company of India Limited -- the state-owned company that runs Air India -- and Indigo could face additional cost pressures, with reinsurance rates expected to harden following the accident involving the Air France aircraft that was flying from Rio de Janeiro to Paris with 228 passengers on board.
Air India, Jet Airways and Kingfisher Airlines have decided to stop the low-fare advance purchase schemes, saying the airfares would now be decided by the market. Some no-frill carriers will follow suit over the next few days. However, regular fares and the fuel surcharge are not being touched. Industry sources said the decision to withdraw lower-level fares was taken as these did not stimulate demand and also in anticipation of a spurt in demand for summer holiday travel.
There is no denying that the India-US sector is one of the hottest routes for airlines both from India and the United States
With the launch of Tata AirAsia and Tata-SIA, the added capacity will bring down fares considerably, say observers.
Travel agents in the country have had their way with airlines, at least in the domestic sector. National carrier Air India today agreed to pay a 3 per cent commission to travel agents, nearly two weeks after Jet Airways and Kingfisher agreed to do the same.
UB Group's Kingfisher Airlines, which is scheduled to launch domestic operations from April next, would sign a deal with European aircraft manufacturer Airbus Industries for supply of 14 aircraft in Mumbai on December 18.
Banks have been struggling hard to recover dues from grounded Kingfisher Air.
Despite a bleak operating environment, Jet Airways and SpiceJet have flown into the black. The turnaround may have more to do with their embattled rivals than anything else.
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Air Deccan, which was forced to sell 26 per cent to Kingfisher Airlines chairman Vijay Mallya's UB Holdings to keep its head above water a few months ago, is likely to break even before Kingfisher.
The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines
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