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Air India improves its on-time performance

Last Updated: Friday, March 27, 2015, 16:41

The better OTP comes following Civil Aviation ministry's decision to keep a watch on the airline's operations.

IndiGo heads towards $400 mn IPO as air travel booms

Last Updated: Friday, March 27, 2015, 13:52

IndiGo, owned by hospitality and travel company InterGlobe Enterprises, has remained profitable in the last two years, avoiding much of the turbulence to hit rival Indian carriers.

Fairbridge Cap sells stake in Thomas Cook Ind to sister firm

Last Updated: Friday, March 20, 2015, 21:16

In an internal restructuring, investment firm Fairbridge Capital (Mauritius) has sold 29.76 percent stake in travel services provider Thomas Cook India for Rs 1,698.15 crore to a sister concern of Fairfax group.

New Malaysia airline eyes $1.5 bn Bombardier deal

Last Updated: Tuesday, March 17, 2015, 15:45

A new Malaysian airline said Tuesday it intends to buy 20 Bombardier CS100 aircraft in a $1.47 billion deal as it looks to tap Southeast Asia`s fast-growing travel market.

China giant Fosun takes 5% stake in Thomas Cook

Last Updated: Friday, March 6, 2015, 15:40

Chinese conglomerate Fosun International announced Friday it had bought a five percent stake in UK-based tour operator Thomas Cook in its latest foray into the travel market.

Expedia buys rival travel operator Orbitz for $1.6 billion

Last Updated: Thursday, February 12, 2015, 21:28

US online travel operator Expedia announced plans to buy rival Orbitz Worldwide for about USD 1.6 billion, in a move that further consolidates the sector.

Air fares come under Civil Aviation Ministry scanner

Last Updated: Wednesday, February 11, 2015, 22:28

With most domestic carriers coming out with steep discounts, the "movement" of air fares has now come under the scanner of the Civil Aviation Ministry.

SpiceJet announces another flash sale, offers one-way ticket for Rs 1,899

Last Updated: Saturday, February 7, 2015, 14:05

Budget carrier SpiceJet on Saturday continued the low-fare war, announcing another flash sale with an-all inclusive one-way fares starting as low as Rs 1,899 for two days.

Murugappa Group forays into online travel space

Last Updated: Friday, February 6, 2015, 21:26

Besides offering travel services, Parry Enterprises is engaged in the manufacture of polymer meshes and packaged drinking water.

UAE Exchange India launches 'Go Cash' Prepaid Travel Card

Last Updated: Thursday, January 29, 2015, 18:02

UAE Exchange India, market leaders in financial services, today launched a multi-currency financial solution 'Go Cash' Prepaid Travel card.

India's domestic passenger traffic up in December

Last Updated: Monday, January 19, 2015, 16:14

Domestic air passenger traffic increased by 15.29 percent in December to 64.40 lakh passengers -- up from 55.86 lakh in the corresponding month last year, official data showed Monday.

Air India to cut costs by Rs 1,400 crore to reduce losses

Last Updated: Monday, January 19, 2015, 10:50

Air India, which controls close to a fifth of India`s domestic air travel market, has been losing money for years and has long been criticised for its high costs.