The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
Executives of Indian airlines said that the drop is primarily for flights to major metro cities like Delhi, Mumbai, Hyderabad, Bangalore, which are the prime revenue generators on the domestic front.
However, the government did not expect the low fares to breach the lowest fare bucket given by the airlines to aviation regulator Directorate General of Civil Aviation.
The aviation ministry is not in the business of regulating tariffs, says its president Aditya Ghosh.
In its last ditch effort to break the deadlock, the All India Tennis Association communicated all the offers with regard to playing conditions in writing to the rebel players and also asked for their availability for the upcoming tie against Indonesia.
Bucking the trend, however, have been international routes, bookings for which have surged in the month.
Earlier, in August, the finance ministry had asked banks to put pressure on real estate developers to cut prices.
The first two special flights that will operate from Thursday to evacuate Indians stranded in the UAE due to the coronavirus pandemic
Observing that highly exorbitant rates were being charged closer to the travel dates, Civil Aviation Ministry officials, however, made it clear that the government had no intention to decide airfares which have to be determined by the market.
Low-cost positioning is passe. Brand experts suggest ways in which the airline can differentiate itself in the minds of customers.
In November alone, year-on-year growth in flight bookings for the season was almost 40 per cent, said Ranjeet Oak, senior vice-president (flights), MakeMyTrip, a leading Indian online travel agency.
"This is part of our policy to empower minorities with dignity and without appeasement," Naqvi said.
The move comes within days of Indian Railways announcing an increase in fares from January 21.
Air India Express currently operates 145 daily flights, down from about 200 six months ago.
Known as the "the world's most profitable high-speed rail," the Beijing-Shanghai high-speed railway covers more than 1,300 km within five hours.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
South Africa is all set to bait Indian tourists with an offer that may be irresistible for anyone -- a 3-star holiday for 15 days inclusive of to and fro airfare for just Rs 1 lakh.
With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
In February this year, Donald J Trump Jr, 40, had travelled to four Indian cities, New Delhi, Mumbai, Pune and Kolkata, to promote the high-rise luxurious condos being build by the Trump Organization, of which US president Donald Trump is the sole owner.
Flight cancellations and subsequent grounding of Jet Airways adversely impacted seat capacity in the domestic market which also resulted in fares going up.
Cashing in on Kingfisher's flight cancellations, major airlines have jacked up their fares on many busy air routes by 10-25 per cent over the past few days.
According to Icra, domestic passenger traffic declined by 1.1 per cent in March, overall traffic saw a de-growth of 0.1 per cent in the month as international aircraft movement dipped by 1 per cent while domestic aircraft movement was flat.
Low-cost carrier SpiceJet would adopt a two-pronged strategy - increase airfare and improve efficiency - for better margins, said Neil Mills, chief executive office of Spicejet Limited.
IT departments, running the website, is working overtime to provide necessary information and making relevant changes.
For the Rs 599 offer, taxes and other fees and charges, barring fuel surcharge, would be additional, but the Rs 1,999 offer is all-inclusive
A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.
You must choose a travel insurance package carefully because that is what will determine how soft the blow of an emergency will be when you're abroad. Here are five things to remember when choosing a travel insurance plan.
A leading Australian university is offering iPods, laptops and even airfare for recruiting fellow pupils from overseas.
Hutch has entered into an agreement with Bangalore-based Flightraja.com, an online travel portal.
IITC offers international airlines and travel management course designed for students wishing to pursue a career in the travel and tourism industry.
The levy will come into effect from December 1, 2016
In the Trek Study, willing backpackers who develop travellers' diarrhoea will be paid to attend a clinic and also injected with a new agent to see how they react, British daily The Independent has reported.
An airfare regulatory authority likely soon.
A Jet Airways customer service assistant told PTI that the suspension had been ordered in view of poor passenger booking.
One million more go globe trotting in 2008-09.
During the January-July period, passenger growth jumped 21.13 per cent to 455.78 lakh.
Jet has been operating on international routes since 2004, being the first private airline to do so in decades, after it launched a Chennai-Colombo service in March that year.
Drama heightened on Friday when the army said that Pakistan-based terrorists are planning to target the ongoing Amarnath Yatra followed by the Jammu and Kashmir administration issuing an advisory, asking the yatris and tourists to "curtail" their stay in the Valley and leave immediately.
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