Paramount Airways claims to have a break even, as other Indian carriers are facing losses.
The downturn in the aviation sector is expected to continue till at least the end of this year as record oil prices compel airlines to raise fares, according to International Air Transport Association (IATA) and Centre for Asia Pacific Aviation (CAPA).
Essel Group-promoted Dish TV on Wednesday said it was looking for a tie-up with the Indian Railways to implement DTH services in trains, which would enable travelers to watch Live TV while on the move.
This will make the submarines capable of attacking surface targets at sea or on land.
The Centre for Asia Pacific Aviation expects around $20 billion investment towards airport infrastructure in the next ten years in India to accommodate the current expansion plans of various private and public sector airlines.
The elections held in April-May 2019 will be an important determinant of future growth and investment.
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
This is the third consecutive profitable quarter for SpiceJet.
India must address issues that are plaguing its aviation sector.
Almost $10 billion was invested in airport modernisation between 2005 and 2012.
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
Airline says can't discuss dues publicly, denies grounding of planes
By 2025, most of India's large cities would require a second airport, and Mumbai may need a third airport by 2030.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
Slots, parking bays unavailable at major airports
Ajay Singh will team up with two blue-chip investors to bail out the airline
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
In the past, Qatar Airways has repeatedly expressed a desire to invest in IndiGo, the country's largest domestic airline.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Speaking at the 2013 CAPA Australia Pacific Aviation Summit held in Sydney, Abu Dhabi-based Etihad Airline's President and CEO James Hogan said, "We are delighted to welcome Air Serbia to our equity alliance, and look forward to receiving final approvals from regulators in India of our investment in Jet Airways," he added.
Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore (Rs 10.03 billion) net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Business of retail, food and beverages at duty-free shops in India was estimated to have a potential of $3.5 billion by 2021.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
IndiGo said operations of the ATR fleet would be handled by an independent team that would be responsible for in-flight services, dispatch and control, and revenue.
AirAsia may breakeven by June this year.
The biggest let down for India's aviation sector has been the failure of the government to privatise Air India, says Anjuli Bhargava.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances