Paramount to pay $5.25 mn to UK firm

Paramount Airways, whose operations have been affected by a dispute over leasing of three aircraft, on Thursday offered to pay $5.25 million within six months to the UK-based lessor in the Supreme......

Katrina Kaif to endorse Mallya's airline

Next >The Kingfisher is all set to fly. Liquor baron Vijay Mallya's Kingfisher Airlines will commence operations during the first quarter of 2005.The company will be investing $750 million to......

Mallya's low-cost airline set to take off

The Kingfisher is all set to fly. Liquor baron Vijay Mallya's Kingfisher Airlines will commence operations during the first quarter of 2005. The company will be investing $750 million to acquire 12......

Airlines seek deferral of lease rent by 6 months

Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline’s expense and since these are paid in dollars are also subject to currency fluctuations. Domestic......