Banking industry sources said the move by the lender is pre-emptive to protect its interest.
Airfares are at an all-time low because of fall in crude oil prices.
With IndiGo executing its long haul low-cost plans the airline will certainly need a lot of cash going forward.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
SpiceJet grounded all its aircraft due to payment woes
Discounted tickets of Jet Airways are available for sale till Thursday
Some lessors have even taken the airline to court.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
No Indian firm could make the cut.
Starting July 1, passengers will be charged an aviation security fee of Rs 150, as opposed to the current Rs 130 for domestic flights, and $4.85 as compared to the current $3.25 for international flights.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
The airline has adopted a counterintuitive strategy of adding new aircraft and expanding capacity amid the slowdown, which seems to be paying off.
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
5 commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of GST's purview given the revenue dependence of state governments on these sectors.
The cut in wages by companies whose operations were not shut by the lockdown was more likely opportunistic than out of business compulsions to survive the lockdown. If this is true, then it is worth wondering what kind of opportunism was this? Was it to make a quick buck or was it to use a crisis to engineer a structural change that was necessary, asks Mahesh Vyas.
Air India is considering steps to bring down the number of recognised unions in the airline.
Following the entry of Tata-SIA and AirAsia into the Indian aviation market, the domestic aviation industry is seeing increased interest from private entities.
Already, according to a KPMG study on the subject, India's airlines will need approximately 13,800 by 2012 (the demand projected for the next year is 7,628 and despite ministry efforts, the problem is yet to go away.
However, Federation of Indian Airlines will continue to function and its other members are not pulling the plug yet, industry sources said.
Domestic air travel traffic has already seen a 23.87% rise over the same period in 2017.
Vistara has expanded its network of agents.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
A govt official says there is consensus among the airlines and the ministry that fixing an upper limit in airfares will not be a constructive idea
However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
Airline has also advised passengers to contact its toll free number 18001801407 to check their revised flight number.
Despite a bleak operating environment, Jet Airways and SpiceJet have flown into the black. The turnaround may have more to do with their embattled rivals than anything else.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
With air fares soaring in the peak holiday season, the Civil Aviation Ministry is working on a proposal to cap the lowest and highest ticket prices for a given period which the airlines would not be allowed to cross.
The airlines had pledged the trademarks as collateral with banks at the time of taking loans from them
Any government aid to the airline will ultimately hurt the economy
India's fuel consumption slumped by over 66 per cent in the first week of April as a nationwide lockdown halted economic activity and travel, which eviscerated demand. Petrol and diesel demand is down 66 per cent in April, while aviation turbine fuel (ATF) consumption has collapsed by 90 per cent as most airlines have stopped flying, industry officials said.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
The suggestion comes within days of reports that LIC and the Employee Provident Fund Organisation snapped up the entire Rs 7,400-crore (Rs 74-billion) bond issue of the debt-ridden Air India.
Vijay Mallya-owned private air-carrier, Kingfisher Airlines is in talks with a top former executive of the budget airline, SpiceJet to take him onboard and a final decision on the issue is expected shotly, sources said.
Maintaining that civil aviation flew thousands of tonnes of equipment and passengers across the country on a daily basis, he said grant of infrastructure status would help the industry in its dealings with the RBI as well as the commercial banks, both in the private and public sectors. On Kingfisher's global plan, Mallya said the airline would launch services to Hong Kong and Singapore as soon as its aircraft were ready.
SpiceJet had rolled out a scheme offering a discount of Rs 200 to every passenger who books a flight with only one handbag and no check-in baggage.
