Air India also estimates that its EBITDA (earnings before interest, taxes, depreciation and amortisation) would increase.
The government on Thursday said Kingfisher Airlines has not yet given a revival plan to restart operations, even as employees are aggrieved over non-payment of salaries.
Aviation Minister said that the UB group did not say they are going to give money to the ailing airline.
Ajit Singh says the govt does not intend to regulate fares but in the larger public interest, transparency is required.
Officials differ, say firm should first fly regional.
Earlier, in August, the finance ministry had asked banks to put pressure on real estate developers to cut prices.
The minister stated that most recommendations of Justice Dharmadhikari Committee on integration of erstwhile Air India and Indian Airlines employees have been implemented.
All the 50 Dreamliners delivered by Boeing to airlines across the world, including six of Air India, have been grounded following two incidents of fire and smoke in the lithium ion batteries.
Govt to not determine the price but come up with a formula.
Air India's outstanding debt stood at a whopping Rs 26,033 crore (Rs 260.33 billion) and its working capital loans were over Rs 21,125 crore (Rs 211.25 billion) as on December 31 last year.
Civil Aviation Ministry approved grants new rights to Indian carriers to fly to several new destinations across the globe.
Jet's flights to Abu Dhabi could be used to carry passengers from India headed for the US and Europe.
Modernisation and expansion of the Kolkata and Chennai airports are being carried.
Following the global economic downturn, there were worries about a downturn in the Indian economy.
Giving a push to aviation infrastructure development, government is planning to build 10-15 greenfield airports and modernising 50 others in the non-metro cities over the next few years.
This carbon credit system is expected to generate greater financial viability for regional operators.
Engineers, pilots stay away from work. Minister warns of closure if safety in doubt.
Subhash Tomar, the Delhi Police constable who on Tuesday morning succumbed to injuries sustained during the violence at India Gate on Sunday, was cremated in New Delhi with police honours.
Govt to review decision after demand assessment.
It's part of the carrier' turnaround plan.
Stating that the Centre was planning construct 15 more airports under the Greenfield Airport Policy, Singh said the civil aviation ministry is in process of identifying the most suitable low cost viable model for development of small airports to increase regional connectivity.
Civil Aviation Minister Ajit Singh on Tuesday ruled out any move to regulate airfares saying the government only wants the system to be made transparent.
State ownership of the national carrier has undermined the commercial principles that should drive its operation.
In an attempt to plug revenue loss of Air India, Civil Aviation Minister Ajit Singh has imposed a blanket ban on excess baggage checked in by ministers and civil servants, which is generally carried free by the airlines
As for the crisis emanating from the Kingfisher Airlines' flight cancellations, it is now up to the airline to utilise those measures and come up with resources, he tells Business Standard's Kavita Chowdhury in an interview.
The Central Vigilance Commission will inquire into the alleged bungling in construction of a new terminal at Lucknow's Chaudhary Charan Singh airport.
It will also make up-to-date payment of productivity linked incentives for all licensed category employees between May and June.
Three international flights of Air India were cancelled from here and Mumbai as the agitation by a section of pilots entered the second day on Wednesday.
A pilot's body on Wednesday told the Delhi High Court that Civil Aviation Minister Ajit Singh has no locus to pass an order asking Air India pilots and cabin crew to put in more flying hours by changing the flight duty time limitations (FDTL).
Civil Aviation Minister Ajit Singh is thinking of toughening the route dispersal guidelines, so that domestic carriers mandatorily fly to more Tier-3 and Tier-4 cities.
The government has decided decides to abolish Airport Development Fee in Delhi and Mumbai from January 1, 2013.
A senior Ministry officer claimed the salary backlog had been cleared till August.
The airline on Thursday night extended its partial lockout till October 12 as talks between its management and employees failed to break the deadlock over non-payment of salaries for the last seven months.
Some of the prominent United Progressive Alliance ministers on Sunday came under fire from Team Anna at the fast venue of Anna Hazare with the activist's close aide Arvind Kejriwal claiming that cases could have been registered against 14 ministers if there was a Lokpal.
IndiGo carried 12.05 lakh passengers last month, followed by Jet Airways-JetLite combined flying 11.01 lakh.
The proposal to allow foreign airlines to buy upto 49 per cent stake in domestic carriers originally mooted by the Commerce and Industry Ministry, has received a green signal from the Finance Ministry and the Civil Aviation Ministry.
Though the Dharmadhikari report expects Air India would be cash surplus by eight years, the efforts are on so that it happens earlier.
Air India pilots and cabin crew will now have to put in more flying hours as Civil Aviation Minister Ajit Singh has directed the national carrier to go by the rule book.
A meeting of the CCEA is likely to be held next week.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
