Air Deccan has been asked by the state consumer commission to pay Rs 75,000 as compensation to members of two families who were left stranded at the aiport here owing to flight delays due to technical problem.
In the preceding quarter, the airline had posted a profit of Rs 9.64 crore supported by non-passenger revenues.
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Even if you assume a higher return fare of Rs 40,000, the yield will still be lower than the costs.
Low-fare airline Air Deccan on Monday said it would start a new service between Chennai to Tuticorin from next month and announced plans for frequent flights between Bangalore, Chennai and Hyderabad in the next three months.
The Directorate General of Civil Aviation will examine issues relating to domestic airlines tying up with foreign carriers and setting up companies abroad to start international operations.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
Low-cost airline Air Deccan has appointed three investment banks to advise the company on its initial public offer and a final decision on the matter would be taken in the next couple of months, Capt. G R Gopinath, managing director said in Chennai.
All major airlines in the country are likely to hike the fuel surcharge by Rs 100 with effect from September 5, raising the total surcharge to Rs 750.
Low fare carrier Air Deccan on Monday launched three new daily flights between Kolkata and Aizawl, Bagdogra and Bhubaneshwar using 48-seater ATR-42 aircraft.
Six years after running down the low-cost model, Jet and Kingfisher are betting on the same business model for survival.
Air Deccan, India's first low-cost airline said its Rs 500 Delhi-Mumbai tickets have been sold out till Auguist 2005. Take the Rediff Business Quiz and find out how much you know about the world's low cost airlines.
Private airline operators stood divided on the conditions that the government should adopt for new entrants with Jet and Sahara seeking stringent norms to keep non-serious players out of the arena, while Deccan Aviation took a contrary position.
Low-cost no frill airline Air Deccan has made a marginal increase of Rs 200 in the fuel surcharge on all fares to all routes from Friday.
VRL investors have punished the stock for his move, but Sankeshwar is defiant.
UB Group, which has raised close to Rs 1,500 crore (Rs 15 billion) debt for keeping Kingfisher Airline in the skies during the past two years, has raised another Rs 1,000 crore (Rs 10 billion) debt to fund the 46 per cent buy in Deccan Aviation.The debt for the 46 per cent buy in Deccan Aviation has been raised in two phases. In the first phase, for the 26 per cent negotiated deal for Rs 550 crore and the subsequent 20 per cent open offer which cost UB Group Rs 425 crore.
Green light likely for services on underserved routes between regular airports
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.
Air Deccan said on Monday it recorded a 90 to 100 per cent load factor in May as the holiday season increased the passenger traffic in most of the sectors.
Domestic fares on all sectors became costlier by Rs 200 from Friday with the hike in fuel surcharge, imposed by major airlines due to increase in jet fuel prices.
you plan your holiday in advance, you may get a free air ticket
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
Life of air passengers was different in the 1970s.
Vijay Mallya's United Breweries Holdings has made an open offer for an additional 20 per cent stake in Air Deccan in which it has already acquired 26 per cent for Rs 550 crore (Rs 5.5 billion).
We recently discussed airline bloopers and invited readers to share their air travel stories with us. Here, reader Suresh Menon shares an experience.
Capt Gopinath, in a deperate bid to fend off a possible auction of his prime residential property in Bangalore by State Bank of India, which had earlier issued notices to sell his pledged properties to recover as much as Rs 259 crore (Rs 2.59 billion), has struck a deal with Sobha Developers to raise funds.
Low fare air tickets and Air Deccan were synonymous for a while before the low cost bug bit the other airlines in India. Then the low cost carrier decided to not just offer low fares, but also went on to add destinations to the aviation map.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
