Air-India has been making profit during the last three years though the provisional results for the fiscal 2003-04 show a dip of nearly Rs 28 crore as compared to the previous financial year, the Lok Sabha was informed on Friday.
The government on Thursday said state-owned carrier Air-India would raise funds through loan guaranteed by the US Exim Bank to part-finance its purchase of 68 aircraft costing about $7.2 billion.
The proposed merger of Air India and Indian would be taken up on a 'fast-track' and a consultant is likely to be appointed soon to prepare a roadmap to decide on the issue, including the public issue, Civil Aviation Minister Praful Patel said.
In the eye of the raging IPL storm, Union Agriculture Minister Sharad Pawar on Saturday rubbished the charge that his party or ministerial colleague Praful Patel was involved in any alleged wrongdoing relating to the T20 league.
The airport employees have called off their three-and-a-half-day old strike following a meeting with Civil Aviation Minister Praful Patel on Saturday.
Leading private airline Jet Airways tops the list of defaulters among private carriers and owes Rs 2,437.90 lakh (Rs 24.38 million) to the government, the Lok Sabha was informed on Thursday.
Bharti Group, which has bid for modernisation of the Delhi airport, would consider taking up similar jobs for other non-metro airports if it wins the bid, its chief Sunil Mittal said on Tuesday.
The government on Thursday said the issue of an initial public offering of Air-India and Indian Airlines was at a preliminary stage of discussion.
Public sector carriers Air India and Indian Airlines are preparing for their initial public offers by the next fiscal to fund their fleet acquisition programmes and enhance debt-equity ratio.
A Boeing support team has arrived to help Air-India in the induction of a Boeing 777 jet into the fleet, even as the airline board is expected to take a final decision on the acquisition of a 50 aircraft fleet next month.
The government had provided some relief to domestic airlines when ATF prices had sky-rocketed, Patel said, adding 'it would not be possible now.'MIAl has proposed that it may be allowed to levy Rs 350 per domestic passenger and Rs 1,300 per international passenger to meet its funding requirements.
Take a look at the inside pictures of the party.
"Please crucify me if I am guilty. What have I done wrong?" said Praful Patel, minister of civil aviation, reacting to the criticism he has been facing in the country after the Dubai-Mangalore flight crashed on Saturday.
Civil avation minister Praful Patel said on Tuesday he would once again take up with the finance minister P Chidambaram the issue of rationalisation of taxes on Aviation Turbine Fuel.
Ruling out the possibility of union ministers Sharad Pawar and Praful Patel resigning in the wake of the IPL controversy, the Nationalist Congress Party on Thursday dismissed reports about the involvement of any of its leaders or their relatives in any financial wrongdoings in the cricket league. Party spokesman D P Tripathi saw nothing wrong in Civil Aviation Minister Patel's 'personal office' forwarding projections of new franchisee valuations to Tharoor.
In a coalition era, the smallest of parties gets almost blackmail power and that power is in direct proportion to the weakness of the senior coalition partner. Which is why, for instance, even in an era of coalitions, Atal Bihari Vajpayee was a lot more powerful than Manmohan Singh is.
The Supreme Court has admitted for hearing a public interest litigation (PIL) alleging a major scam during the tenure of Praful Patel as the Civil Aviation Minister in the UPA-I government.
When specifically asked about the reason for the crash and whether Air India is privy to any preliminary findings, Chandrasekaran said, "One would have to wait for the probe to conclude."
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
A bench of justices H L Dattu and C K Prasad sought response from the government, the national carrier and CBI on a petition filed by an NGO, Centre for Public Interest Litigation, alleging that various decisions taken during the tenure of Patel were meant to benefit private airlines and caused huge loss to Air India.
Some of the Congressmen, though, are opposing such a alliance saying that the party would waste seats if they have pre-poll alliance with the NCP.
Politicians across the political spectrum graced Radhika Merchant and Anant Ambani's wedding ceremonies at the Jio World Convention Centre at the Bandra Kurla Complex in north west Mumbai.
Various airlines in India have engaged nearly 1,000 foreign pilots. However, the Directorate General of Civil Aviation has advised all scheduled, non-scheduled and general aviation operators to submit their plan to phase out foreign pilots and replace them by trained Indian pilots. As per the plan, all the foreign pilots are likely to be repatriated in about 5 years time. Government has taken steps to reduce the gap between demand and supply of skilled India pilots.
Airlines owe a huge sum of Rs 75,701 lakh (Rs 757.01 crore) to Airports Authority of India till September, 2004, Minister of state of Civil Aviation Praful Patel informed the Rajya Sabha on Tuesday.
The Ministry of Civil Aviation is planning to start flights connecting about 120 cities in the country from the current 81 cities, said Praful Patel, Union Minister for Civil Aviation.
Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.
The reshuffle in the Cabinet of Ministers in the United Progressive Alliance II threw up a few surprises on Wednesday.
The minister, while speaking at the event organised by the Federation of Indian Chambers of Commerce and Industry in New Delhi on Wednesday, said the problems at AI did not come up overnight. The airline's high-cost structure and the compulsions of being a public sector unit had been the reasons and it had been making a loss, he said. AI is to incur a loss of over Rs 7,000 crore (Rs 70 billion) this fiscal year.
Union Minister of State for Civil Aviation Praful Patel said he would be ordering an inquiry into the tragic accident, and added that notwithstanding the inclement weather, it was the pilot's duty to determine a flight could be taken or not.
Indian Airlines proposes to commence its own retail courier and freight services to tap the huge domestic courier/cargo business, the Rajya Sabha was informed on Tuesday.
Two weeks' time given to CBI for filing a fresh status report.
Prime Minister Manmohan Singh's aircraft got disconnected with the control tower of the Delhi airport for nine seconds recently, Minister of State for Civil Aviation Praful Patel informed the Rajya Sabha on Tuesday.
Government considers a proposal to give sops to airlines for linking metropolitan cities and small towns, Union minister for civil aviation Praful Patel informed the Rajya Sabha on Tuesday.
A coordination committee shall monitor the start up clearances to manage and prioritise the movement of flights during fog.
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