External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
Grounded Indian planes will be up in air by end of April says company president
The company solf the frequent flyer business.
Gold, worth crores of rupees, belonging to the State Bank of India was reported missing three days ago during transit from Mumbai to Delhi.
According to airline sources, the software, which is of Atlanta-based SITA company, was not functioning approximately from 3 am to 9 am on Saturday. Consequently, boarding passes could not be issued at major airports across the world and various flights were delayed.
The high court's order came on a plea by erstwhile Indian Airlines pilots for a stay on management's decision to train only erstwhile Air India pilots.
Kingfisher Airlines, owned by Indian liquor baron Vijay Mallya, is in talks with two foreign carriers, including International Airlines Group (IAG) -- the owner of British Airways and Iberia -- for a potential rescue package, a report said.
The Air India management has reached an agreement with pilots from the erstwhile Indian Airlines on the contentious issue of pay parity. Fearing another agitation from the Indian Commercial Pilots Association (ICPA), the airline's management has agreed to the union's demands for fixed allowances each month.
The government on Monday denied any pressure on it regarding selection and procurement of aircraft for the Indian carriers.\n\n\n\n
A meeting of officials of the ministries of civil aviation and finance on Friday deferred a decision on Indian Airlines' fleet acquisition till the third week of next month, official sources said on Friday.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Indian Oil rallied from a goal down to beat Indian Airlines in the final of the Shastri hockey tournament.
In another Group 'A' match, Bharat Petroleum defeated Dinamo Kazan hockey club of Russia 4-3.
The Mumbai side shocked star-studded Indian Airlines in the final of the tournament.\n\n
Expressing deep concern over the declining profitability and market share of Indian Airlines and Air-India, the government on Wednesday said there was an urgent need to augment the aircraft fleet to turnaround the two companies.
Though India is one of the largest growing markets in terms of passenger volumes, airlines have not been able to add capacity to match growth.
The proposal to take off Indian Airlines and Air-India from the divestment list will come up for discussion at the next meeting of the Cabinet Committee for Divestment to be held soon.\n\n\n\n
Air India will train its pilots in Singapore for the Boeing 787 Dreamliner aircraft, due for delivery from December. The move is sparking a protest from one of its pilots' unions, on promotion issues.
Kuwait Airways and Indian Airlines have been ordered by a Delhi consumer court to pay Rs 10,000 each to passengers in separate cases for denying seats to them despite their having confirmed tickets.
Private airlines wait for permission to fly abroad, foreign carriers walk away with the traffic.
Chidambaram pitched for greater autonomy for the restive Jammu and Kashmir yet again on Sunday, drawing stinging criticism from the Bharatiya Janata Party, with Union minister Smriti Irani calling it "shocking and shameful".
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.
Civil Aviation Minister Shahnawaz Hussain has said he is 'totally in favour' of divesting Air-India and Indian Airlines, but asserted there are no buyers for them in the present depressed global aviation market.
The Industry Ministry is in favour of allowing foreign airlines to invest in domestic carriers, saying it would help the cash-crunch industry to raise equity, an issue that does not find support among many Indian airlines.
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.
Civil Aviation Minister Vayalar Ravi said the air carriers had sought a meeting with the prime minister.
With war clouds hovering over Iraq, the Indian government has directed both Air-India and the Indian Airlines to stand in readiness for evacuating over 50,000 Indians working in Kuwait on a short notice of three days, if necessity arises.
The target for Indian Airlines is to carry about 2,000 passengers per day and for Air-India about 1,500 passengers.
"Indian Airlines has chosen to buy 43 Airbus planes. It's my strong wish the choice be finalised soon," said French Prime Minister Jean-Pierre Raffarin on Thursday.
With indications that government is keen to allow foreign airlines buy stakes in Indian carriers, a Group of Ministers (GoM) is likely to meet next week to decide on the investment cap by them, official sources said on Friday.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Foreign airlines charge $100-200 or euro 75-150 for excess baggage, while Indian airlines charge Rs 300-500 per kg above 15 kg.
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