Airline stocks surged following reports that the civil aviation ministry will meet with finance ministry to discuss lowering aviation turbine fuel taxes.
If Air India is to get the cash infusion it has been promised, it will have to bolster performance. And for that more pilots are a must.
The debt ridden airline had been slapped a notice with outstanding dues of Rs 342 crore.
About 158 passengers on board Jet Airways Riyadh-Mumbai flight today escaped unhurt after a fire broke out in the left engine of the aircraft on its landing in Mumbai
Private carrier Jet Airways today said it has decided to temporarily suspend its Mumbai-Johannesburg flight service from next month.
SpiceJet claims it did nothing wrong in forcing Jeeja Ghosh off the aircraft. But Ghosh wants to use the national attention that incident got her to push for a bigger fight — all the way to the top of the civil aviation authority.
The national carrier would be holding meetings with representatives of travel portals over the next few days to sort out a variety of problems relating to sharing of revenue and pricing of tickets.
DGCA said it was essential to ensure absolute transparency in display of airfares by airlines and agents in order to help the end-user make an informed choice.
Leading travel portal Makemytrip has removed the airlines' tickets from its 'opaque fares' offering to avoid any customer-related issues.
Kingfisher's continuing troubles are having at least one good effect on the sector - they're reducing over-capacity and improving yields for other airlines.
Air India alone needs between Rs 22,000-24,000 crore working capital loans each year in an overall debt burden of Rs 45,000 crore.
Indigo today said the executives of its "outsourced" call centre had been suspended for denying tickets to a visually-impaired passenger and apologised to him for repeated denial of air tickets.
BoAML expects domestic traffic growth to fall below 10 percent in 2012 on account of slowing economic growth, airport constraints at key metros and possible cuts in corporate travel budgets.