Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
The net loss of the carrier marginally decreased to Rs 5,388.82 crore (Rs 53.88 billion) in 2013-14 as against Rs 5,490.16 crore (Rs 54.9 billion) in the previous fiscal.
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
An additional lease rental of Rs 200 crore on nine Boeing 787 Dreamliners was the reason for ending in the red this quarter, Arindam Majumder reports from New Delhi.
Airfares are at an all-time low because of fall in crude oil prices.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
To reduce those not even meeting variable costs to 19% of network by March, from 38% five months ago.
The first set of routes that it will launch internationally will be the routes that can be flown by its existing aircraft, the A320s, which will be routes within three, three-and-a-half hours of India
State-owned Air India has approached the ministry of finance for a sovereign guarantee to raise Rs 2,500 crore (Rs 25 billion) from banks, due to the government's inability to infuse all the required funds into the debt-laden carrier, given the current economic conditions.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
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