AIRLINES

  • Air India to cut costs by 14 billion rupees to reduce losses January 19, 2015

    India's national carrier Air India is to cut its costs by 14 billion rupees ($227 million), or about 6 percent of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances. ...
  • Air India to cut costs by Rs 1400 crores to reduce losses January 19, 2015

    New Delhi: India's national carrier Air India is to cut its costs by 14 billion rupees ($227 million), or about 6 percent of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances. Air India, which controls close to a fifth of...
  • Jet Airways not to charge fee for ticket cancellation within 24 hours January 17, 2015

    New Delhi: Jet Airways on Saturday said that it has decided not to charge any fee for cancellation and date change requests within 24 hours from passengers who book their tickets through the airline's website. The waiver can be availed only within 24 hours of booking a ticket, the airline...
  • Jet Airways not to charge fee for ticket cancellation within 24 hours January 16, 2015

    New Delhi: Jet Airways on Friday said it has decided not to charge any fee for cancellation and date change requests within 24 hours from passengers who book their tickets through the airline's website. The waiver can be availed only within 24 hours of booking a ticket, the airline said in...
  • SpiceJet's new owners plan to cut fleet, shrink network: Sources January 16, 2015

    Singapore: The prospective owners of low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said. Their plans include culling the 15 Bombardier Q400 regional aircraft from the airline's fleet and...
  • Air India offers limited period, reduces fares by upto 50 per cent for domestic flights January 12, 2015

    New Delhi: Air India on Monday reduced its fares by upto 50 per cent for all its domestic flights, three days after Tata-Singapore Airlines joint venture Vistara commenced its flight services in the country and hinted that it was ready to take on the competition from the peers. The state-run...
  • Rescue plan for SpiceJet seen by end of January: Sources January 9, 2015

    New Delhi: A package to bail out SpiceJet Ltd could be finalised as early as this month, two sources with direct knowledge of the deal told Reuters, raising the prospect of a last-minute rescue for the indebted carrier. SpiceJet, India's second largest budget airline, was forced to ground its fleet briefly...
  • Amidst troublesome phase of Indian aviation space, Vistara takes first flight January 9, 2015

    New Delhi: Entering the Indian aviation space at a time when existing players are going through a turbulent phase, Tata-Singapore Airlines venture Vistara on Friday said its aim will be to 'do it right' rather than being lavish or over-the-top. "We must do it right instead of making a big splash...
  • SpiceJet says did not receive any credit from oil companies January 8, 2015

    New Delhi: Beleaguered airline SpiceJet said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan. "... there was no revival plan due for submission today," SpiceJet's Chief Operating Officer Sanjiv Kapoor said late in a statement. The airline also said...
  • Indians fly safe in 2014 as 3 major air mishaps hog headlines December 31, 2014

    New Delhi: Indian airspace remained free of any major mishap involving airlines and helicopters this year, which saw three major air accidents hogging the headlines globally. There were 20 air accidents across the world in 2014, which included the disappearance of Malaysia Airlines flight MH-370, shooting down of MH-17 of...
  • What's happening with the search for Flight 370? December 30, 2014

    Sydney: As hundreds of search crews frantically scour the waters off Indonesia where AirAsia Flight 8501 went down, a couple of ships a few thousand kilometres to the south are quietly combing another patch of ocean for perhaps the most infamous missing plane of all time - Malaysia Airlines Flight...
  • No violation of safety norm or unfair seat allotment: Air India December 27, 2014

    New Delhi: Air India on Saturday said its fight safety wing is looking into the issue of a daughter of a senior pilot resting in a bunk, meant only for use of flight crew members, during one of its flights to Newark from Mumbai recently. However, it asserted that the incident...
  • Cash-strapped airliner SpiceJet submits revival plan to government December 26, 2014

    New Delhi: Troubled budget carrier SpiceJet on Friday submitted a revival plan to the government on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase. "It was a constructive meeting," the airline's Chief Operating Officer Sanjiv Kapoor told reporters after...
  • SpiceJet set to send a financial revival plan to the Civil Aviation Ministry December 26, 2014

    The cash strapped airliner SpiceJet has been looking for investors to meet all outstading debts. The company will be submitting a revival plan to the government on Friday. ...
  • Government may cap economy air fares at Rs 20,000 December 25, 2014

    New Delhi: Government is considering to cap economy air fares at Rs 20,000 to check airlines from charging "exorbitant" fares or unleashing predatory pricing, affecting their own financial health. The proposal comes in the backdrop of SpiceJet episode, which had come out with a series of low-fare offers throughout the...
  • Co-founder of SpiceJet seeks time to finalise funding plans December 22, 2014

    New Delhi: The entrepreneur behind a high-profile effort to rescue Indian carrier SpiceJet has asked for more time to finalise funding plans, a government official with direct knowledge of the matter said on Monday. Ajay Singh, who helped set up the low-cost airline in 2005, had been expected to submit a...
  • AAI extends credit facility to SpiceJet till December December 20, 2014

    New Delhi: Cash-strapped SpiceJet's troubles seem to be far from over as the AAI has agreed to extend credit facility to the airline only for 15 days till December 31. "The relief has been given only till December. If the airline does not want to be asked for a payment before...
  • Tata, Singapore Airline venture Vistara to take off on January 9 December 19, 2014

    New Delhi: Singapore Airlines Ltd's Indian joint venture with the Tata conglomerate, Vistara, will start flying from January 9, the airlines said. Based in New Delhi, the full service Vistara will begin operations with a fleet of new Airbus A320-200s with 148 seats, Tata SIA Airlines Ltd said in a statement...
  • Vistara to launch operations from January 9 December 19, 2014

    New Delhi: Tata-Singapore Airlines joint venture airline Vistara on Thursday night announced the launch of its operations from January 9 with flight from Delhi to Mumbai and Ahmedabad. The full-service airline, which is a 51:49 joint venture between Tata Sons and Singapore Airlines, opened its bookings at 22:30 hours tonight. With Delhi...
  • Cash-strapped SpiceJet resumes operations December 17, 2014

    New Delhi: The cash-strapped airline SpiceJet resumed operations on Wednesday after facing passengers' anger for mass cancellation of flights over non-payment of fuel dues. SpiceJet Chief Operating Officer Sanjiv Kapoor has said that the flights will resume operations by Wednesday evening. "Flights scheduled to depart on or after 4 PM today...
  • Oil Ministry asks SpiceJet to submit 10-day plan for revival, airline to start operation by 4 PM December 17, 2014

    New Delhi: The cash-strapped SpiceJet has been asked by the Oil Ministry to submit a 10-day plan for revival of the airline, said sources on Wednesday. In a meeting held on Tuesday, the ministry had agreed to grant interim relief to SpiceJet and said that they can pay some money...
  • SpiceJet flights will resume operations by 4 PM, says COO Sanjiv Kapoor December 17, 2014

    New Delhi: Facing passenger's anger after several of its flights were cancelled over non-payment of fuel dues, SpiceJet Chief Operating Officer Sanjiv Kapoor has said that the flights will resume operations by Wednesday evening. "Flights scheduled to depart on or after 4 PM today will operate. We apologise again for the...
  • Will supply fuel only on immediate payment: Oil companies to Spicejet December 17, 2014

    New Delhi: With troubled Spicejet having grounded its flights, oil companies have made it clear the budget carrier will get fuel only on immediate payments, as the airline is on 'cash and carry' mode. The carrier had till Tuesday bought some jet fuel but it has...
  • More trouble for SpiceJet, airline remains grounded for 2nd day as oil companies stop fuel supply: Sources December 17, 2014

    New Delhi: In more trouble for the cash-strapped airline SpiceJet, the operations remain grounded for the second day on Wednesday as oil companies have stopped fuel supply, the sources said. "Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies," sources...
  • Breather for Spicejet, government may ask banks to lend upto Rs 600 crore to the airlines December 17, 2014

    New Delhi: Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry said it may request Indian banks/financial institutions to extend loans of upto Rs 600 crore to the airline as part of measures to keep the carrier functional. The Civil Aviation Ministry has said that it...
  • SpiceJet seeks government help; request to be put up before PMO: MoS Civil Aviation December 15, 2014

    New Delhi: Suffering a total liability of about Rs 2,000 crore, beleaguered no-frill carrier SpiceJet on Monday approached the government and sought urgent financial help to run its daily operations. Top officials of the airline met Minister of State for Civil Aviation Mahesh Sharma and made the plea for "urgent relief". The...
  • Indian arrested in Malaysia for allegedly carrying drugs worth USD 288,155 December 15, 2014

    Kuala Lumpur: An Indian has been arrested at the Kuala Lumpur International Airport for allegedly carrying 5.34 kg of illegal drugs worth USD 288,155. The man's identity was not disclosed. The 27-year-old, who arrived here from Chennai by a Malaysia Airlines flight, landed in Customs Department's net upon his arrival at the...
  • Indian private airlines suffering from financial stress December 15, 2014

    New Delhi: All private Indian airlines are suffering from financial stress as found in financial audits carried out in 2014 by aviation regulator DGCA, Lok Sabha was informed on Sunday. Observing that the Directorate General of Civil Aviation (DGCA) had conducted an audit of all airlines on the impact of financial...
  • Spicejet refutes reports of DGCA's directive on large-scale cancellations December 7, 2014

    New Delhi: After Directorate General of Civil Aviation (DGCA) rapped up SpiceJet over financial constraints, the airline on Sunday denied the reports of any large-scale cancellations asked by the aviation regulator. It has also rejected reports of pilot shortage and existing pilots being made to fly extra hours. DGCA on Friday...
  • No scheduled flights for 8 airports lead to loss worth Rs 82 crore in 3 years November 30, 2014

    New Delhi: Eight non-metro airports modernised using public money have no scheduled flights operating there, leading them to incur a total loss of about Rs 82 crore in the last three years. As government pushes for air connectivity in remote areas, official figures show that these eight airports have jointly incurred...