The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
Indian, formerly Indian Airlines, has introduced the Unchecked Fares option. This offers special fares for economy class travel on 146 domestic sectors.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
"For an airline, the most important asset are the pilots. They are a mature lot who understand that strikes will not help anyone, that planes have to fly; only then will the money come."
Former external affairs minister Jaswant Singh on Saturday defended the National Democratic Alliance government's decision to free three dreaded terrorists to save the lives of 166 hijacked passengers on board an Indian Airlines flight and said governments should always opt for such a decision.
Army XI topped group B with an all win record that fetched them nine points.
The Foreign Investment Promotion Board on March 6 cleared the Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons.
Alliance Air, a subsidiary of Indian Airlines, is facing the brunt of pilot exodus with as many as 29 pilots leaving the airlines for greener pastures during the current year.
Two militants of Pakistan-based Jaish-e-Mohammad outfit were killed on Sunday in an encounter with security forces in Pulwama district of Kashmir, police said.
Mushtaq Ahmed Zargar, one of three militants released by India in 1999 in exchange for passengers of a hijacked Indian Airlines flight, has decided to revive an "armed struggle" in Jammu and Kashmir while using Pakistan-occupied Kashmir as the base for his Al Umar Mujahideen group.
The move is expected to give a major relief to Air India, which suffered a huge financial loss of around Rs 491 crore.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
Expanding its international operations, the airline will launch its daily direct flight to Saudi Arabia's capital Riyadh from January next year.
The airline needs at least Rs 1,000 crore to fly again.
The stake-purchase agreement with Jet, second largest domestic passenger market share, will make Etihad the first foreign carrier to buy into an Indian airline.
Currently, airlines are required to pay compensation of Rs 5,000-10,000 to a passenger, in addition to a ticket refund in case of flight cancellation. Soon, all that may change. However, compensation is payable if the airline does not give advance intimation to a passenger, which is at least 24 hours before departure.
The national carrier currently has 15 recognised trade unions.
Indian Airlines has extended its Monsoon Super Saver scheme till September 5.
Indian Airlines has introduced 'Excursion Fare' on the Hyderabad-Tirupati-Hyderabad sector, which would be 45 per cent less than the normal fares.
With the gradual shrinking of Mallya-owned Kingfisher Airlines and rise in fares by 30-40 per cent in 2012-13 as compared to last year, the carrier improved its market share from 16 per cent to 20 per cent in the last seven to eight months.
The Union government is planning to appoint advisors for kick-starting the process for initial public offer of Air-India and Indian Airlines expected to hit the market later this fiscal.
A local court on Friday acquitted 19 persons, accused to have helped get fake passports for the hijackers of the Indian Airlines flight IC-814 in December 1999.
Incumbent airlines oppose the proposal.
Sources close to the deal say, besides a higher stake (earlier, the negotiations were on for sale of up to 24 per cent), Etihad has asked for its representation on the board of the Indian airline, in sync with its shareholding.
The war over air fares intensified with all Indian airlines competing with each other to offer low ticket prices, as Air India also jumped into the fray.
Oil and Natural Gas Corp on Friday said it has entered into a Memorandum of Understanding with Indian Airlines to take two aircraft on lease to meet its operational requirements.
The Air India board gave a formal approval to the proposal on Thursday.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Their salary arrears of 2011 runs in Rs 10 crore.
A letter notifying that the flights were being operated by ICPA members 'under protest and without prejudice to their rights' has been issued to GM operations (In-charge Airbus Fleet).
Engineers of the Indian Airlines threatened to launch an agitation against the proposed JV between IA and Singapore International Airlines for maintenance, repair and overhauling of aircraft, including those of foreign airlines in India.
Railways beat Indian Airlines 3-2, while Punjab blanked Uttar Pradesh 6-0 at the 61st Senior National Hockey Super League.
DGCA would look into the tariff structure of Indian airlines in view of the wide range of the base prices of air tickets, after the Supreme Court observed that the price bands were too wide and directed it to examine the matter.
The West Asian carrier could pay up to $330 mn for a 24% stake in Jet, say sources.
In a move that could be followed by major Indian airlines, no-frill carrier SpiceJet on Friday slashed air fares substantially by offering a limited-period sale of 10 lakh seats across its domestic network for an all-inclusive fare of Rs 2,013.
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