Air India’s turnaround plan would be hit by a proposed curtailment in government equity infusion, the airline has informed the civil aviation ministry. Air India received Rs 1,713 crore of equity in the Budget, against its requirement of Rs 3,900 crore. The airline had requested the remaining Rs 2,200 crore to be released in the […]
Continue Reading... No Comments.In a surprise move, Nepal on Sunday announced the cancellation of all agreements with India’s Infrastructure Leasing and Finance Services for construction of a fast track road linking Kathmandu and Tarai. The Nepal government and IL&FS had signed an agreement in March to prepare the detailed project report ( DPR) of the $1 billion road […]
Continue Reading... No Comments.In yet another jolt to beleaguered liquor baron Vijay Mallya, the Karnataka High Court on Friday ordered winding up of his now-defunct Kingfisher Airlines Limited for non-payment of dues to a UK-based firm. Pronouncing the judgement, Justice V Kothari observed that since KFA did not pay up dues to Aerotron, the court was ordering winding […]
Continue Reading... No Comments.Is the airline pricing mechanism fair and transparent in India? Why do people booking at the last minute – for emergency travel specially – have to pay a bomb? Well, the easy answer is that last minute bookings will mean most seats on a flight are already full and therefore, as per flexi-pricing rule followed […]
Continue Reading... No Comments.The central government has said that it has no plans to impose any limits on the fare charged by airlines in India. The clarification has come in the context of demands in certain quarters that airlines will be the next to see curbs on surge pricing after such limits were placed on taxi services such […]
Continue Reading... No Comments.The State government’s new initiatives for a greenfield airport at Erumeli has surprised many in the aviation sector. For, they feel that the State’s urgent requirement is a string of airstrips or two-tier airports capable of ferrying passengers and tourists across the length and breadth of the State. Kerala is the only Indian state having […]
Continue Reading... No Comments.The Indian civil aviation industry is exploring all possibilities for capacity expansion of leading airports in the country as well doing its best to make sure that the regional air connectivity is accomplished as per its UDAAN initiative, Ashok Gajapathi Raju Pusapati, Union Minister of Civil Aviation, said today at the inauguration of the two-day […]
Continue Reading... No Comments.Aerospace major Boeing will invest in a brand new factory in India and create an entire aviation ecosystem as far as its ‘Make in India’ plans for its fighter aircraft the F/A-18 Super Hornet are concerned, said the company’s F/A-18 Program vice-president Dan Gillian. He was speaking to a visiting Indian media team now in […]
Continue Reading... No Comments.Cathay Pacifc Airways, the Hong Kong-based aviation company, is planning to increase the frequency of its cargo flights from the city to India, given the spurt in business. Currently, the carrier operates from six Indian cities and there are 25 freighter departures every week. “At this moment, we plan to optimise our network base in […]
Continue Reading... No Comments.If dealing with the cash crutch due to demonetisation was getting to your nerves there’s some relief coming your way. Parking at all Indian airports will be free until November 21, declared the civil aviation ministry. MoS, Civil Aviation Jayant Sinha took to social media website Twitter to write, “We heard you! To facilitate smooth […]
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