Aviation Sector

  • Indian aviation sector is reviving, says Ajit Singh March 18, 2013

    Mumbai: Various policy measures initiated by the government for the civil aviation sector have begun to yield results and the airline industry in India is witnessing a revival, union Civil Aviation Minister Ajit Singh said on Sunday. On account of these policies, the general aviation business would emerge as a key...
  • Budget disappoints aviation, hospitality industry experts February 28, 2013

    New Delhi: Aviation and hospitality industry experts on Thursday expressed disappointment at the 2013-14 General Budget, saying contentious issues like high sales tax on jet fuel and taxation on travel trade had not been addressed. While welcoming the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, they, however,...
  • Budget 2013: Rs 5,000 cr plan outlay for Air India February 28, 2013

    New Delhi: Duty concessions on import of spare parts and testing equipment for aircraft MRO industry were granted in the Union budget today, as the government proposed to provide a plan outlay of Rs 5,000 crore in Air India in the next financial year. "The aircraft manufacture, repair and overhaul...
  • Jet Airways frontrunner for Etihad investment: Source January 2, 2013

    New Delhi: Jet Airways Ltd is the frontrunner for an investment by Gulf carrier Etihad Airways, a senior government source told reporters on Wednesday, adding a deal was likely in 10 days. Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks...
  • Govt asks Airport Authority to scrap development fee October 16, 2012

    New Delhi: Union Civil Aviation Minister Ajit Singh on Tuesday asked the Airport Authority to scrap development fee. With this decision of the government, the Airport Development Fee will be abolished at the airports in New Delhi and Mumbai. The move will be effective from January 1, 2013. As of now,...
  • Dreamliner begins longhaul international operations October 15, 2012

    New Delhi: Air India's newlyacquired Boeing 787 Dreamliner aircraft started its longhaul international operations on Monday with a flight to Frankfurt. "Air India's Dreamliner to Frankfurt marks a new era of its operations with the stateoftheart aircraft on the long haul routes as well," a statement from the national carrier...
  • Air India to shift base to Delhi from Mumbai October 12, 2012

    New Delhi: Air India would shift its headquarters from Mumbai to Delhi as part of its Turnaround Plan, but no date has yet been finalised, official sources said on Friday. With Delhi airport emerging as its major operational hub, most flights of the national carrier were being operated out of...
  • Airports in TierII cities may go international October 3, 2012

    New Delhi: Several airports in TierII cities are likely to be designated international if a Civil Aviation Ministry proposal on the issue is approved by the Union Cabinet on Thursday. According to sources, the airports likely to be in the list are those in Lucknow, Varanasi, Tiruchirapalli, Mangalore and Coimbatore. Conversion of...
  • Government plans to replace DGCA with another body September 28, 2012

    New Delhi: The government plans to introduce a bill to replace aviation regulator Directorate General of Civil Aviation (DGCA) with a more autonomous body in the Winter Session of Parliament as part of a host of measures to meet fresh challenges in the aviation sector. Among the measures being considered by...
  • Centre likely to allow FDI in aviation: Sources September 14, 2012

    New Delhi: Notwithstanding resistance by allies, the Centre is likely to allow investment by foreign airlines in Indian aviation industry which could benefit troubled companies like Kingfisher, Spicejet and Go Air. Gulfbased carriers like Emirates could be the first foreign airlines to enter the Indian aviation sector. Sources say...
  • Govt may move ahead with FDI in aviation today September 14, 2012

    New Delhi: After months of dithering, the government could finally clear Foreign Direct Investment (FDI) in aviation when the Cabinet committee on economic affairs meets on Friday. Aviation sector in India has not being doing well. Several airlines like the Vijay Mallyaowned Kingfisher Airlines are struggling but that doesn't mean...
  • India's domestic aviation sector worst performer August 30, 2012

    New Delhi: India's civil aviation sector was the worst performer globally in July as the domestic passenger traffic contracted 1.1 per cent yearonyear, the International Air Transport Association (IATA) said on Thursday. "After expanding at 20 per cent plus rates through 2010 and early 2011, the Indian market stopped growing at...
  • FDI in aviation hits a roadblock as TMC seeks talks August 23, 2012

    New Delhi: Congress ally, the Trinamool Congress, has yet again forced the ruling coalition to put another of its key economic proposal envisaging 49 per cent FDI in aviation on hold. Trinamool Congress Chief Mamata Banerjee on Wednesday sought more consultations on the proposed plans, giving a big jolt to the...
  • India's aviation security system may be downgraded July 22, 2012

    New Delhi: India could face the possibility of downgrading of its aviation safety system by the US if it did not take urgent steps to strengthen institutions like DGCA to meet the challenges of a fastgrowing air traffic, an aviation consultancy group has said. In 2009, the US Federal Aviation Administration...
  • India's aviation security system may be downgraded July 22, 2012

    New Delhi: India could face the possibility of downgrading of its aviation safety system by the US if it did not take urgent steps to strengthen institutions like DGCA to meet the challenges of a fastgrowing air traffic, an aviation consultancy group has said. In 2009, the US Federal Aviation Administration...
  • Keep air fares within fare band, DGCA tells airlines July 16, 2012

    The air fares of flights to and from Delhi have gone up because of increased user development fee and service tax. ...
  • SpiceJet snatches No 3 slot from Air India May 18, 2012

    Mumbai: Despite a marginal improvement in the seat factor, national carrier Air India (AI) has lost its market share in April, helping lowcost airline SpiceJet to become the thirdlargest airline in the month with a market share of 17.7 per cent, according to the latest data from the sectoral regulator...
  • Soon, foreign players in domestic carriers likely May 18, 2012

    New Delhi: 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. "We have moved the Cabinet note...it is work in progress," Commerce and Industry Minister...
  • Aviation crisis deepens; AI, KFA cancel flights May 10, 2012

    New Delhi: Thousands of passengers across the country are left stranded as Air India and Kingfisher Airlines are forced to cancel flights following a strike by pilots. National carrier Air India on Thursday stopped bookings on international sectors and cancelled as many as 21 domestic flights. The Air India management also...
  • Ajit discusses FDI in aviation with PM, Pranab April 19, 2012

    New Delhi: Union Civil Aviation Minister Ajit Singh on Thursday met Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to discuss foreign direct investment (FDI) in aviation sector. According to sources, the government is likely to bring the issue of FDI in aviation to the Union Cabinet by the end...
  • 'Aviation sector contributing 0.5 pc of GDP' April 1, 2012

    New Delhi: Terming the aviation sector as the 'real World Wide Web', a study has said it is currently contributing Rs 33,000 crore or 0.5 per cent of India's GDP and supporting 1.7 million jobs in the country, besides creating muchneeded critical assets. The study, conducted by Oxford Economics for the...
  • Budget 2012 gives boost to aviation sector March 16, 2012

    New Delhi: The Indian airline industry on Friday got a major relief with the government allowing it to raise capital through external borrowings worth $1 billion for a year, as it planned to allocate Rs 4,000 crore to ailing Air India. In a bid to encourage the nascent maintenance, repair and...
  • Naresh Goyal meets Jet pilots over salary dues March 9, 2012

    Mumbai: The financial trouble plaguing the aviation sector seems to have impacted the country's largest private airline Jet Airways as well, with the pilots meeting the top management on Thursday over delayed salaries. According to sources, chairman Naresh Goyal met senior pilots at his residence at Peddar Road in Mumbai on...
  • Flying low: Losses galore for Indian aviation February 20, 2012

    The situation seems grim, not just for Kingfisher Airlines, but for the aviation sector as a whole, what with Jet Airways and SpiceJet posting record losses. ...
  • GoM to meet over FDI in aviation sector today February 9, 2012

    New Delhi: A Group of Ministers on Civil Aviation, headed by Union Finance Minister Pranab Mukherjee, is likely to meet on Thursday to decide on allowing foreign direct investment in the Aviation sector. On the agenda are issues like allowing foreign carriers to have a stake in domestic airlines and sales...
  • PM meets airline heads, gives no assurance November 26, 2011

    New Delhi: Prime Minister Manmohan Singh met the chiefs of major domestic airlines to take stock of the financial health of the sector. The meeting took place on Saturday morning. sources say that four issues were discussed between the Prime Minister and the airlines chiefs which included high tax on...
  • PM meets airline chiefs over financial crisis November 26, 2011

    New Delhi: Prime Minister Manmohan Singh met the chiefs of major domestic airlines to take stock of the financial health of the sector. The meeting took on Saturday morning. Airlines have been complaining about high fuel cost and unreasonable taxes levied on the sector against the backdrop of the financial crisis...
  • PM to meet airline heads over financial crisis November 26, 2011

    New Delhi: Prime Minister Manmohan Singh will hold a meeting with the chiefs of major domestic airlines on Saturday to take stock of the financial health of the sector. Airlines have been complaining about high fuel cost and unreasonable taxes levied on the sector against the backdrop of the financial crisis...
  • Aviation ministry firm on 24 pc FDI cap: Sources November 17, 2011

    New Delhi: There is a tussle between the Civil Aviation Ministry and Industries Ministry over the extent of allowing foreign airlines to invest in domestic carriers. Civil Aviation Ministry sources have said that they are firm on a 24 per cent cap on the extent of FDI by foreign carriers while...
  • Review tax break policy for hotels: Bhatia February 18, 2010

    As the Union Budget 2010 draws closer, CNNIBN take a look at the budget expectations of India Inc. from the Union Minister for Finance, Pranab Mukherjee. Ankur Bhatia, Executive Director, Bird Group and MD, Amadeus India lists his demands and expectations from the government. Aviation Sector "The Indian aviation industry went...