Indian Airline Losses
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Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
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Pak Airspace Opening To "Drastically Reduce Expenses": Top Air India Official
Private carriers IndiGo, SpiceJet and GoAir lost Rs 25.1 crore, Rs 30.73 crore and Rs 2.1 crore respectively, bringing the total loss to Indian airlines to more than Rs 620 crore in less than five months
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India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
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India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
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FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
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Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
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CBI To Probe Air India-Indian Airlines Merger, Other Congress-Era Deals
The Central Bureau of Investigation or CBI will probe the controversial merger of Air India and Indian Airlines, besides alleged irregularities in purchase and lease of aircraft by the two state-run carriers under the Congress-led UPA coalition government which it said has caused "huge" losses to the taxpayer.
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With New Reforms, Flights To Become Cheaper, Lots Of 'No Frills' Airports
The Union Cabinet on Wednesday approved a new civil aviation policy aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market.
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6 New Airlines to Start Operations in New Year: Government
Six new airlines are expected to fly the Indian skies next year, the government said today as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
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Pilot Turns Malaysia Airlines Flight Around After Defect
A Malaysia Airlines flight was forced to turn around due to an auto-pilot defect, landing safely early Sunday, said the carrier already reeling from the loss of two planes this year.
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Air India's Cabin Crew Fight Back Over Weight Loss Rules
Air India's cabin crew on Tuesday attacked new guidelines from the civil aviation watchdog on how much they should weigh, branding them "crazy" and discriminatory.
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Malaysia Airlines plane turns back after landing gear failure
A Malaysia Airlines plane's wheels refused to stow after take off on Thursday, forcing a second flight by the flag-carrier to turn back in four days as it continues to reel from the loss of flight MH370.
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Malaysian jet search resumes, US sends second Poseidon plane
An air search of the remote southern Indian Ocean resumed on Friday, seeking to confirm if hundreds of objects spotted by satellites are debris from a Malaysian jetliner presumed to have crashed almost three weeks ago with the loss of all on board.
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Airlines bet on India market despite losses
India has become a hot ticket for international carriers since opening its airline industry to foreign investors last year. But the potential of a giant market where only a sliver of the population travel by plane also comes with a catch: airlines in India are vastly unprofitable thanks to sky-high costs and cut-throat competition.
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Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
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Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
-
Pak Airspace Opening To "Drastically Reduce Expenses": Top Air India Official
Private carriers IndiGo, SpiceJet and GoAir lost Rs 25.1 crore, Rs 30.73 crore and Rs 2.1 crore respectively, bringing the total loss to Indian airlines to more than Rs 620 crore in less than five months
-
India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
-
India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
-
FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
-
Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
-
CBI To Probe Air India-Indian Airlines Merger, Other Congress-Era Deals
The Central Bureau of Investigation or CBI will probe the controversial merger of Air India and Indian Airlines, besides alleged irregularities in purchase and lease of aircraft by the two state-run carriers under the Congress-led UPA coalition government which it said has caused "huge" losses to the taxpayer.
-
With New Reforms, Flights To Become Cheaper, Lots Of 'No Frills' Airports
The Union Cabinet on Wednesday approved a new civil aviation policy aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market.
-
6 New Airlines to Start Operations in New Year: Government
Six new airlines are expected to fly the Indian skies next year, the government said today as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
-
Pilot Turns Malaysia Airlines Flight Around After Defect
A Malaysia Airlines flight was forced to turn around due to an auto-pilot defect, landing safely early Sunday, said the carrier already reeling from the loss of two planes this year.
-
Air India's Cabin Crew Fight Back Over Weight Loss Rules
Air India's cabin crew on Tuesday attacked new guidelines from the civil aviation watchdog on how much they should weigh, branding them "crazy" and discriminatory.
-
Malaysia Airlines plane turns back after landing gear failure
A Malaysia Airlines plane's wheels refused to stow after take off on Thursday, forcing a second flight by the flag-carrier to turn back in four days as it continues to reel from the loss of flight MH370.
-
Malaysian jet search resumes, US sends second Poseidon plane
An air search of the remote southern Indian Ocean resumed on Friday, seeking to confirm if hundreds of objects spotted by satellites are debris from a Malaysian jetliner presumed to have crashed almost three weeks ago with the loss of all on board.
-
Airlines bet on India market despite losses
India has become a hot ticket for international carriers since opening its airline industry to foreign investors last year. But the potential of a giant market where only a sliver of the population travel by plane also comes with a catch: airlines in India are vastly unprofitable thanks to sky-high costs and cut-throat competition.
-
Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
