Shares of Jet Airways on Wednesday tanked over 10 per cent in the morning trade as the airline has posted its highest-ever annual loss of Rs 4,129 crore (Rs 41.29 billion).
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
Air France pilots went on a four-day strike over pay cuts on Saturday that could disrupt transport plans for football fans on the second day of Europe's soccer championship.
In a fresh trouble for the budget carrier SpiceJet, aircraft lessors have approached the aviation regulator DGCA, seeking its permission to repossess 11 Boeing planes of the airline, even as its revival plan is under review of the Civil Aviation Ministry.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
Govt to introduce new aviation policy on May 15.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The levy will come into effect from December 1, 2016
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
To sell five Boeing 777s, replacing these with cheaper aircraft
Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
The airline had renewed its insurance on Oct 1 for nearly $29 million to cover its 132 aircraft.
As a measure to increase productivity and reduce costs amid rising jet fuel prices, low cost airline GoAir has reduced the number of flights to various sectors.
Low-cost airline, Spicejet is awaiting the government's approval to commence its international operations soon, a top company official said on Tuesday. Announcing the launch of new flights from Coimbatore to Chennai, Delhi, Mumbai and Hyderabad from Oct 25, Kamal Hingorani, vice-president, sales and marketing, Spicejet, said the company was expecting approval from the Centre from May.
The Wadia group-promoted low-cost carrier GoAir will launch its commercial flights from November 4, 2005 and would operate in the Mumbai, Goa, Ahmedabad and Coimbatore routes.
Initiating a fare war on global routes, Qatar Airways and Singaporean budget carrier Tigerair have announced massive limited-period discounts hoping to corner a chunk of the Indian travel market share.
With an aim to link the unconnected destinations in the country, Indian Airlines and its subsidiary Alliance Air would soon acquire small aircraft to fly to smaller cities, Civil Aviation Minister Praful Patel said in New Delhi on Thursday.
'The regional market has been brought to life. This is a big development in India's aviation sector,' says Civil Aviation Minister Jayant Sinha.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
AirAsia has grand plansfor India.
India must address issues that are plaguing its aviation sector.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
The Irish firms had sought to deregister SpiceJet.
Jet Airways is talking to several leading private equity firms to raise $400 million through qualified institutional placements for its aircraft acquisition plan.
Amitabh Bachchan has shared the 'arduous' process of procuring oxygen concentrators and ventilators for donation as he said every individual effort goes a long way in the fight against the coronavirus pandemic.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
The facility will be available for domestic as well as foreign carriers flying in Indian skies.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Vistara has expanded its network of agents.
Air India is in a better state now than it was when Lohani's predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
