However, this was subject to conditions like substantial ownership and effective control of the airline being vested in Indian nationals.
Michael Schumacher has reportedly not shown any signs of recovery as various International publications are repeating alarming news about the health of Formula One legend.
The Federation of Indian Airlines, the group formed by various carriers, has appointed Amitabh Khosla from CII as Executive Director to head its secretariat and plans to have a Director General later.
I think about my kids. I say 'No, they cannot lose their dad today.'
The Japanese company has been selected as Formula One's sole tyre supplier until the end of 2010.
Next year's season-opening Australian Formula One Grand Prix in Melbourne has been brought forward to March 20, to allow space for an August break, after previously being listed for a later than usual start on April 3.
The FIA said its world motor sport council had voted overwhelmingly to wipe the slate clean after examining new evidence.
Security has been stepped up for Sunday's British Formula One Grand Prix, which will be watched by 100,000 people.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
Michelin's possible return to Formula One comes seven years after it withdrew from the competition, and comes after rival Pirelli has been dogged by tyre blowouts this year.
Toyota will not be punished for an administrative error that led to the team competing without all the correct paperwork.
The race, scheduled for September 17, has been cancelled this year to allow the Spa track to be improved, Formula One's ruling body said.
Marussia expressed shock and anger on Wednesday at media allegations that French driver Jules Bianchi had ignored warning flags and been told to go faster by the Formula One team before he crashed and suffered critical head injuries in Japan.
Motorsport is set to receive a touch of Hollywood glamour with former Baywatch star Pamela Anderson becoming part owner of a sports car racing team.
Aseel Al-Hamad declared the start of a new era for Saudi women in motorsport on Sunday as she prepared to drive a Formula One car around the French Grand Prix circuit in front of thousands of fans.
Formula One's 10 teams will be limited to a maximum 80 people each at races held without spectators when the delayed season gets going in July. Formula One is hoping to start racing behind closed doors in Austria in early July, followed by a number of races in similar conditions elsewhere in Europe.
The second qualifying will be stalled after the French GP since all the teams agreed to a proposal to change the qualifying procedure.
Ferrari are planning to add female racers to their expanding young driver programme as they seek to develop talent for the future.
Here's what your favourite Bollywood celebs are tweeting.
The famous "Afghan girl" immortalised in a 1985 National Geographic magazine cover is facing investigation in Pakistan after she was found living in the country on fraudulent identity papers.
The FIA outlined six main proposals, the first on the list being to improve the racing spectacle without introducing artificial rules.
Pakistan will tighten its noose around members of banned outfits, under observation militants and human traffickers by canceling their travel documents, blocking their identity cards and withdrawing facilities like bank accounts, the Interior Minister said.
Formula One qualifying will be halted under "double-yellow" conditions starting during this weekend's German Grand Prix in a tightening of rules aimed at avoiding a repeat of the controversy surrounding Nico Rosberg's pole in Hungary.
Pakistani authorities on Saturday directed officials at airports across the country to bar former President Pervez Musharraf from going abroad. The Federal Investigation Agency directed immigration officials at all international airports to stop Musharraf from travelling abroad, TV news channels reported.
Formula One got back on track in changed circumstances on Friday but with Mercedes bringing a familiar look to the timing sheets as six times World champion Lewis Hamilton led team mate Valtteri Bottas one-two in Austrian Grand Prix free practice. The Briton did 41 laps and lapped with a best time of one minute 04.816 seconds in a damp and overcast session, 0.356 faster than the Finn.
South Korea's Formula One grand prix has been reinstated provisionally on a record 21-race calendar for 2015 while double points have been scrapped for the final round in Abu Dhabi, the sport's governing body said on Wednesday.
The two warring groups of Indian motor sport reached a settlement at the FIA General Assembly in Paris on Thursday.
Pervez Musharraf was Thursday formally arrested by Pakistani investigators over the murder of Benazir Bhutto after an anti-terrorism court directed them to include the former president in the probe into the 2007 assassination.
Under pressure Formula One supplier Pirelli has been surprised by the threat of a German Grand Prix boycott by drivers but expects no problems with its new tyres and is planning to stay in the sport.
Lewis Hamilton and Nico Rosberg were given the all-clear for next week's British Grand Prix on Friday after their Mercedes Formula One team escaped heavy sanctions for a 'secret' tyre test with Pirelli.
The crash that left French Formula One driver Jules Bianchi in a critical condition with severe head injures was down to bad luck rather than poor judgement by Japanese Grand Prix race officials, a track spokesman said on Tuesday.
Armin Kremer took the FIA APRC title after a courageous drive into second place.
Reigning World Champion Lewis Hamilton has lashed out at the plans of new qualifying format in the Formula One, saying the drivers should be consulted before changing the rules.
Photographs of Lashkar-e-Tayiba training camps in Sindh and motorboats used by the 10 terrorists who attacked Mumbai are among evidence presented to an anti-terrorism court conducting the trial of seven Pakistanis charged with involvement in the 2008 strikes.
McLaren drivers Fernando Alonso and Jenson Button will start last in Sunday's Belgian Formula One Grand Prix after being hit with heavy grid penalties for changes to their Honda power units.
