Foreign airlines under scanner for alleged Service Tax evasion

Last Updated: Sunday, July 26, 2015, 12:40

Six foreign airlines have come under the lens of revenue authorities here for alleged underpayment of Service Tax believed to be worth several crores.

Don't impose service tax on overflights: IATA

Last Updated: Tuesday, July 14, 2015, 14:54

India should not apply service tax on overflights by foreign airlines, extra baggage, global distribution systems and international tickets, world airlines body IATA said Tuesday, as it suggested smarter regulation to make it easier for the industry to do aviation business here.

Poor infra, high taxes deter foreign airlines from investing: IATA

Last Updated: Sunday, June 21, 2015, 15:29

Tony Tyler, Director General and CEO of the International Air Transport Association (IATA), also termed the proposed system to replace the 5/20 rule, which allows Indian carriers to fly abroad only after five years of domestic operations and a 20-aircraft fleet, as "misguided" and said such rules "should not be there".

Russia may let foreign airlines fly domestic route

Last Updated: Tuesday, October 16, 2012, 21:56

The Russian government is considering giving foreign low-cost airlines access to domestic routes in order to develop internal competition and cut air ticket prices.

FDI in aviation may take long; differences with TMC persist

Last Updated: Wednesday, June 20, 2012, 16:46

The government may not be able to allow foreign airlines to buy stake in cash-starved domestic carriers in the near future as key UPA ally Trinamool Congress remains steadfast in opposing the move, highly placed sources said.

Cabinet note moved on foreign players in domestic carriers

Last Updated: Friday, May 18, 2012, 18:05

The government is expected to soon take a view on the proposal of allowing foreign airlines to buy stakes in domestic carriers as the Industry Ministry has moved the final cabinet note on the matter.

Govt moves Cabinet note on aviation FDI

Last Updated: Tuesday, April 10, 2012, 21:25

The Cabinet is likely to soon take a decision on a proposal to allow foreign airlines to pick up stake in domestic carriers, most of which are facing financial crisis, a senior government official said.

Survey for foreign airlines picking stakes in local carriers

Last Updated: Thursday, March 15, 2012, 15:54

The Economic Survey 2011-12 on Thursday made a case for allowing foreign airlines to invest in domestic carriers, a suggestion that will enable the ailing sector to access overseas capital and expertise.

Work apace on 26% FDI in airlines by foreign carriers

Last Updated: Sunday, December 4, 2011, 11:47

The DIPP had proposed 26 percent foreign direct investment (FDI) by foreign airlines into the domestic industry.

‘Foreign airlines` stake in India will be a disaster`

Last Updated: Thursday, November 17, 2011, 21:36

Government is likely to take a final decision on allowing foreign airlines to pick up stake in Indian carriers in a couple of weeks.

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.

DIPP favours foreign airlines' investment in domestic carriers

Last Updated: Wednesday, September 21, 2011, 18:00

The Industry Ministry is in favour of allowing foreign airlines to invest in domestic carriers, saying it would help the cash-crunch industry to raise equity, an issue that does not find support among many Indian airlines.