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The penny-pinching airlines

Amid surging oil prices and depreciating rupee, Indian carriers are becoming frugal. Chief financial officers neither let an opportunity to save nor leave waste on the table in budget meetings.…

October 27, 2011 / No Comment / Read More

Airlines sag more with rupee slide

Red ink spreads as around a third of the operating cost of every airline is calculated in dollar terms. The slide in the value of the rupee against the dollar…

October 6, 2011 / No Comment / Read More

Ministry mulls new aviation policy, new policy will allow more foreign carriers to operate from India

India plans to allow more foreign carriers under an upcoming policy to keep pace with rising demand for international travel that domestic airlines are unable to service. India has bilateral…

August 23, 2011 / No Comment / Read More

Government seeks data on loans to telecom, aviation and power sectors

Concerned that some corporates are over-leveraged, the government has asked banks to provide data on borrowings in telecom, aviation and power sectors. Interestingly, all the three sectors for which the…

August 14, 2011 / No Comment / Read More

Govt asks Air India to make 10-year revamp plan

Govt asks Air India to make 10-year revamp plan

The government is understood to have asked Air India to prepare a 8 to 10-year-plan of resource generation to revamp itself by implementing the turnaround and financial restructuring programme to…

June 29, 2011 / No Comment / Read More

DGCA to tighten checks on aviation training schools

The Air India crash at Mangalore on 22 May that killed over 150 people has woken up the civil aviation ministry. Realising that the scores of pilots, cabin crew and…

July 30, 2010 / No Comment / Read More
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