Profits of global airlines fall by 60% in Q4: IATA

Last Updated: Friday, March 2, 2012, 00:00

The situation facing Indian carriers has been reflected worldwide with the profits of global airlines declining by a whopping 60 percent in the fourth quarter this year compared to last year, in spite of a 5.7 percent rise in passenger demand.

Govt goes ahead to allow direct import of jet fuel by airlines

Last Updated: Thursday, February 16, 2012, 19:29

Government on Thursday moved forward to implement its decision to allow Indian carriers to directly import jet fuel, with the Civil Aviation Ministry writing to the Commerce Ministry to take the necessary steps.

Indian carriers submit carbon emission data to EU

Last Updated: Friday, February 3, 2012, 18:01

Indian carriers have submitted carbon emission data to European Union sought by the bloc following its decision to impose carbon tax on air travel.

FDI in Indian carriers gets mixed response

Last Updated: Wednesday, January 18, 2012, 19:58

It also prohibits any foreign financial or other institution, seeking to invest in Indian airlines, to be in any way linked with airline business.

Govt may allow foreign airlines to invest in local carriers: Official

Last Updated: Monday, October 24, 2011, 13:03

India allows foreign investment of up to 49 percent in Indian carriers, but foreign airlines are not allowed to invest directly or indirectly in domestic carriers.

Airlines want steps to check predatory pricing of tickets

Last Updated: Thursday, October 20, 2011, 18:29

Cash-strapped Indian carriers have sought a regulatory mechanism to prevent predatory pricing of air tickets and asked the government to rationalise taxes on jet fuel and other levies.

Airlines press govt for using untapped bilateral rights

Last Updated: Tuesday, October 18, 2011, 21:09

Indian airlines have urged the government to allow them to fly to several foreign cities by tapping unutilised bilateral rights, as they held discussions on the issue with their counterparts from 35 nations in Mumbai.

Wait for FDI from foreign carriers to continue

Last Updated: Sunday, September 4, 2011, 16:42

Indian carriers hoping to attract investments from foreign airlines may have to wait longer as the government is yet to finalise its stand on a Civil Aviation Ministry proposal sent three years ago.

Airlines owe Rs.1,111.85 crore to airport authority: Ravi

Last Updated: Monday, August 22, 2011, 21:37

The government last week said that all the Indian carriers together owed about Rs.1,111.85 crore in dues to the Airport Authority of India (AAI) as of June 30, 2011, for using its various services like parking, housing and landing charges.