Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
Four veterans of the Indian National Army, an all-women contingent of the 183-year-old Assam Rifles marching down Rajpath and an Indian Air Force aircraft flying using a mix of traditional and biofuel.
Indian Airlines and Air-India are expected to hike airfares by ten per cent following a green signal from Civil Aviation Minister Praful Patel.
MCX launched contracts in gold, heating oil, gasoline, natural gas, sliver HNI and aviation turbine fuel (ATF). The futures contracts will expire between February and May and the trading specifications will remain unchanged, the exchanges said.
Air France on Thursday became the first international carrier to hike its fares from India by three euros, citing steep rise in aviation turbine fuel prices as the reason, which may also force Indian carriers to follow suit.
Oil marketing companies to lose 10 paise on petrol and Rs 6 per litre on diesel from next month.
The eight deals include aviation biofuel, distributed energy systems using natural gas as fuel, smart meters and cellulosic ethanol. Neither side disclosed the financial details of the deals.
The apex court asked the government to get back by March 9 about the policy.
The airline has launched a series of discount offers since January this year.
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The decision of the Directorate General of Civil Aviation comes at a time when the UN-body International Civil Aviation Organisation is working on global market-based measures to check aviation emissions.
India's domestic aviation market has clocked a growth rate of 22 per cent in the last one year.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
New rules will unnecessarily make the airlines responsible for reasons beyond their control
Households continued to bear the brunt of increased cost of living with inflation rising by 0.35 per cent to 7.96 per cent for week ended August 7, mainly due to costlier vegetables, petrol, diesel and aviation turbine fuel.
The US-led war against Iraq and the Severe Acute Respiratory Syndrome have led to sharp decline in demand for air travel and raised costs on account of aviation turbine fuel, the Lok Sabha was informed on Monday.
Sector seeks declared goods status for ATF and withdrawal of service tax on first class and business class air tickets.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
Private carriers Jet Airways and Kingfisher owed over Rs 1,050 crore (Rs 10.50 billion) to the public sector oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL towards the payment of jet-fuel bills as on November 15.
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After all its flights remained grounded for most part of the day on Wednesday, cash-strapped SpiceJet resumed operations in the evening as oil companies, which had stopped fuel supplies to its aircraft, eased the restriction.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
There is no proposal from Indian Airlines to sell its assets for meeting daily expenses and neither has it sold any for the purpose, Civil Aviation Minister Shahnawaz Hussain said on Monday.
A subsidised 14.2-kg cylinder will now cost Rs 425.06 in Delhi as against Rs 423.09 previously, according to State-owned oil firms
Indian Airlines fares have been raised by 15 per cent across the board with immediate effect due to a massive increase in the prices of aviation turbine fuel, Civil Aviation Minister Shahnawaz Hussain
SpiceJet is having tough times due to a huge financial crunch.
The average age should be around 35 years, the sources said, adding those older should be shifted to ground operations.
Indian Airlines is likely to suffer a loss of Rs 98.90 crore (Rs 989 million) in 2002-2003 due to increase in the price of aviation turbine fuel and hike in insurance premium, landing and navigational charges and levy of customs duty.
The airline has an annual wage bill of Rs 3,100 crore (Rs 31 billion) and the report has said as many as 2,600 employees will retire during the period of freeze.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Experts expect a net loss of Rs 26.7 billion for IndiGo and Rs 10.1 billion for SpiceJet in Q1FY21 driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs.
The company solf the frequent flyer business.
The firm, which aims to double sourcing from India, is looking at partnerships with institutions such as the IITs
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.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
