The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
The minister also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter
Several passengers have been complaining on social media as domestic airlines have decided not to give refunds in cash for cancelled flights due to the lockdown and instead issue credit for future travel.
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
The Anti-Terrorism Court (ATC) Gujranwala issued the warrant during a hearing in a terror financing case instituted by the Counter Terrorism Department (CTD) of Punjab police against some members of the JeM.
Mumbai, Bengaluru, and Kochi airports have hiked their landing charges by up to 45 per cent, increasing the operating cost for airlines at a time they are facing financial constraints because of the two months of grounding and weak demand.
The average number of flights the Air India group, including subsidiaries Alliance Air and Air India Express, operates daily is 674.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
'Do you think Indian voters are so immature that they can be impressed or won over by such freebies before the elections?' Election Commissioner Sunil Arora asks A K Bhattacharya.
Life of air passengers was different in the 1970s.
Airlines have to deal with high operating costs - fuel, taxation, airport charges - in a very competitive environment.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
Air India and Indian Airlines merged in 2007.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
Etihad said it declined to lodge an EoI to reinvest in Jet Airways because of unresolved issues concerning the airline's liabilities.
The founder of the dreaded terrorist group Jaish-e-Mohammed undergoes regular dialysis at an army hospital in Rawalpindi in Pakistan.
Commenting on the Air Deccan overtaking Indian Airlines for the number two slot, an Indian Airlines executive claimed that it was still maintaining the lead over Air Deccan.
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.
The United States has described as "discriminatory and restrictive" the Indian government not allowing American carriers operate chartered flights on Indo-US routes even though Air India was doing so under the Vande Bharat Mission.
A mix of financial and strategic mistakes combined with poor expectations of the management are the reasons for the downfall of Indian airlines. For Jet, the deathly potion was even more toxic on account of the bitter squabbles between promoter Naresh Goyal and strategic partner Etihad Airways.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
With each team working on a dedicated task, the SOG is moving full steam ahead with its efforts to hit out at terrorists trying to make Srinagar their base, said senior officials anxious to recast the image of the force.
Empty middle seat, no duty-free shopping to be new normal till WHO all-clear.
IndiGo is providing digital solutions to everyday problems, attracting customers to digital platforms and engaging start-ups to find solutions
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
'Airlines will need a war chest to deal with post-COVID economics.'
The Election Commission will hold the 2019 general election under Arora .
After Nasim Zaidi retired as Chief Election Commissioner in July, there was a vacancy in the poll panel.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
The bench, which wanted the Civil Aviation Ministry to think over the various issues plaguing the national carrier, also said other area of concern was the priority given to private airlines with Air India aircraft being asked to hover around during the peak landing hours causing huge loss of money on fuel.
Goals by Raghunath and Deepak Thakur gave Indian Oil Corporation a 2-0 victory over Indian Airlines in the final.
India requested Pakistan to let Modi's aircraft fly over its airspace to Bishkek in Kyrgyzstan.
"The killing of Abdul Rehman alias Fauji Bhai alias Fauji Baba, a Pakistani national, is a big success for security forces as he was a master in assembling improvised explosive devices for JeM," Inspector General of Police Vijay Kumar told reporters in Srinagar.
Pearl, the 38-year-old South Asia bureau chief for The Wall Street Journal, was abducted and beheaded while he was in Pakistan investigating a story on the alleged links between the country's powerful spy agency Inter-Services Intelligence and Al Qaeda.
Airlines have opposed the rules that make it compulsory for them to pay compensation to passengers in case a flight is delayed by more than four hours
Pilots working for Air India are divided on the call of a nationwide strike from March 9 by the Indian Commercial Pilots Association (ICPA), part of the erstwhile Indian Airlines, which has 680 members.
The airline has been bleeding continuously for a long time and pilots are anyway paid a lot of money.
Airline has also advised passengers to contact its toll free number 18001801407 to check their revised flight number.
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