The Civil Aviation Ministry has moved a proposal to infuse Rs 2,000 crore of equity by December as the first phase of financial restructuring to bail out ailing Air India with some riders. Currently, A-I has an equity capital of only Rs 145 crore and debt of over Rs 16,000 crore. The plan is to stagger the infusion of Rs 5,000 crore of fresh equity in the next few years. The riders include a more aggressive plan for cost cutting.
Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.
A proposal to set up an international airport at Agra is being examined by the Centre, Uttar Pradesh Tourism Minister Kokab Hameed said in Lucknow on Thursday.
In the midst of the Left parties raising questions over moves to privatise airports, the Civil Aviation Ministry said the move was meant to enhance the public-private partnership in modernising the airports and not to 'selloff' the assets.
Centre is likely to make a decision on allowing foreing airlines to operate out of Kozhikode soon.
Karnataka Chief Minister H D Kumaraswamy on Monday sought to allay doubts about the speedy execution of work on the Bangalore International Airport Project.
SpiceJet announced it has started a five-day "1+1 offer sale" where it was offering one-way base fares starting as low as Rs 899, excluding taxes, on its domestic network.
The Indian Air Force has around 60 air bases, of which 18 are open for civilian flights.
Over 80 domestic flights of all major airlines to and from Mumbai were cancelled on Monday.
General Singh was assigned to receive leaders representing the planet's two superpowers -- the president of the United States and the premier of the People's Republic of China.
Private airlines will explain before the Delhi High Court the reasons for imposing a Rs 150 per head surcharge to meet additional jet fuel expenses while aircraft hovers over major airports due to air traffic congestion.
National carrier Air India is preparing a blueprint to save over Rs 1000 crore (Rs 10 billion) from August this year by cutting down its total capacity by around 10-12 per cent.
Pakistan's national flag carrier on Thursday suspended flight operations to Afghanistan due to what it called "security concerns", hours after the Taliban government threatened to ban the airline unless it reduced the fare on the Kabul-Islamabad route to previous levels.
The plane landed after experiencing some engine trouble, sources said, adding the aircraft was badly damaged.
Fliers may have to shell out more with the government mulling to impose a two per cent cess on air tickets
The ambitious cargo hub project proposed to be set up near Nagpur has run into rough weather.
The plane, also carrying the AIDS symbol, on Friday landed in New Delhi with a group of AIDS-affected children on the eve of World AIDS Day.
Budgetary support of Rs 10,00,000 each was provided to Hotel Corporation India, Aero Club of India and Indira Gandhi Rastriya Uran Akademi.
Airport upgrade bids to be finalised on Dec 5
Playback singer Sonu Nigam on Friday lashed out the Jet Airways for suspending the crew members, who allowed him to perform impromptu on the aircraft's address system.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
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.
The Israel Defence Forces (IDF) intensified its campaign in Lebanon with targeted airstrikes on Hezbollah strongholds in Beirut, hitting key weapons depots and terror infrastructure overnight, according to a report by Times of Israel.
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
A day after Air-India gave away its entire Rs 30,000 crore (Rs 300 billion) deal for 50 aircraft to American company Boeing
A free and open aviation market, where the government keeps the interest of consumers higher than saving any airline.
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