Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
FIA is a body of four established domestic private airlines -- Jet Airways, IndiGo, SpiceJet and GoAir.
The losses are primarily because the venture operated only for 18 days in June, with only two flights.
The government is keeping its options open.
Aviation regulators says airlines are free to fix fares.
New rules will unnecessarily make the airlines responsible for reasons beyond their control
Union minister K J Alphons said that he was not responsible for delay.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
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.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
Besides, another 350-odd flights -- both arriving and departing -- were delayed between 28-51 minutes (till 7 pm), as per the live flight tracking website Flightradar24.
The company will meet DGCA next week and is putting in place a strategy to contain the damage
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
It has aircraft utilisation target of 16 hours as against the current 13 hours.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
Jet Airways is imposing $50 surcharge on economy class fare on its Gulf flights.
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'.
Air fares in India are either too low or very high and this has not gone well with the regulator.
Phee Teik Yeoh, who has returned to the SIA HQ in Singapore worked hard to make Vistara the airline of choice. New CEO Leslie Thng would have the job of cutting losses while going international.
Life of air passengers was different in the 1970s.
Conglomerate has become the first corporate house in India's history to adopt a historical monument, in a Rs 250 mn contract spanning five years.
Some lessors have even taken the airline to court.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
'People didn't know of my presence until they saw my saris at the Lakme Fashion Week.'
The Argentinian becomes the first brand ambassador of the company in its 70-year history.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
Law Minister Ravishankar Prasad tells Rediff.com that the government have decided to repeal 36 obsolete laws immediately, but many more will be added to this list in the coming months. The minister also informs that this exercise was undertaken on the instructions of Prime Minister Narendra Modi who had flagged the issue soon after he took charge. Rediff.com contributor Anita Katyal reports.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
The endorsement career of India's megastar Amitabh Bachchan displays his relevance in diametrically opposite roles and product categories.
A Mumbai-Delhi air ticket is now available upwards of Rs 3,700 for next day travel on all airlines.
India's main hubs are bursting at the seams.
Bihar! The state goes to the polls next year. Narendra Modi has chosen a Bhumihar, Rajput and Yadav as his ministers from the state.
Only nine of the airline's 370 daily flights were making profits.
