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Posted: January 30th, 2012, 4:55am EST
Minor airports at Shimoga, Gulbarga, Bijapur and Hassan are being developed on public-private-partnership basis.
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Posted: January 27th, 2012, 1:16am EST
In the span of about 30 seconds, an Air India Express aircraft with about 90 passengers on board created a double scare at Singapore's Changi airport on Monday.
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Posted: January 26th, 2012, 4:21am EST
IA & private non-scheduled air operators are together likely to add around 1,000 aircraft and 250 helicopters over the next five years.
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Posted: January 25th, 2012, 9:47pm EST
The Delhi International Airport Pvt Ltd (DIAL) has proposed a new charge called user development fee (UDF) for all passengers - departing, arriving and even transiting.
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Posted: January 25th, 2012, 9:26am EST
Sources said the airline's plans for its recapitalisation, restoring its curtailed services and the steps being taken by it on safety issues came up for in-depth discussion.
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Posted: January 24th, 2012, 6:27pm EST
The Reserve Bank of India has ruled out statutory liquidity ratio status for loans to Air India, crippling efforts to revive the debt-laden national carrier.
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Posted: January 24th, 2012, 9:46am EST
CIC has issued a show cause notice to Alliance Air for not disclosing information about a flight which was pulled out of its scheduled departure to ferry an IPL cricket team.
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Posted: January 24th, 2012, 8:51am EST
Bank chiefs conveyed this to the RBI governor, D Subbaroa, during the quarterly monetary policy meeting held in Mumbai today.
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Posted: January 24th, 2012, 7:47am EST
GMR Infrastructure has withdrawn its bid to modernise and expand an airport in Croatia, but is preparing to bid on similar projects in Brazil, a company official said.
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Posted: January 24th, 2012, 12:16am EST
Indi-Go, which currently operates and has on order the single aisle Airbus A-320, is considering induction of the twin aisle Airbus A-330 into its fleet.
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Posted: January 23rd, 2012, 8:33pm EST
Indians flew like never before within the country in the holiday month of December, with 56.3 lakh people taking to the skies.
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Posted: January 23rd, 2012, 8:26am EST
Jet Airways today said it will complete the merger of its two low-cost models - Jet Lite and Jet Konnect under a single brand by May
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Posted: January 22nd, 2012, 11:59pm EST
The Rs 800 crore project, taken up by AAI, Indian Space Research Organisation (Isro) and Raytheon, will take India into an exclusive club whose members possess the advanced system including the US, Japan and Europe.
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Posted: January 22nd, 2012, 2:51am EST
Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage.
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Posted: January 22nd, 2012, 1:56am EST
The Planning Commission suggested creation of a JV with private equity participation for both the development phase as well as for the production phase.
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Posted: January 22nd, 2012, 1:30am EST
Indian carriers see a ray of hope in the government proposal to allow foreign airlines to invest funds and expertise.
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Posted: January 21st, 2012, 1:29am EST
Flight operations were today normal at the IGI Airport which witnessed major disruptions for the last two days due to dense fog.
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Posted: January 20th, 2012, 10:57pm EST
Imagine a person found misfit to drive a small car being allowed to get behind the wheels of a big truck. If that sounds scary, then read on.
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Posted: January 20th, 2012, 6:22am EST
Jet Airways said on Friday its fund raising initiatives are "well on track" and it expects to complete sale and lease back of some its aircraft in the fiscal fourth quarter ending in March.
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Posted: January 19th, 2012, 9:09pm EST
Lenders to Air India, the debt-laded national carrier, are considering three options to restructure its debt.
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Posted: January 19th, 2012, 11:10am EST
Debt-ridden Kingfisher Airlines can come out of the crisis with the infusion of capital as it is still a "good brand", SBI said today.
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Posted: January 19th, 2012, 9:59am EST
One of the options discussed by the banks on Thursday was to convert the airline's debt into a government-backed bond, the sources said.
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Posted: January 19th, 2012, 6:49am EST
JD(U) today strongly opposed the government's decision to allow upto 49 per cent FDI in the aviation sector, saying this will jeopardise national security.
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Posted: January 19th, 2012, 6:35am EST
SBI is not considering selling the bad loans of Kingfisher Airlines and still has faith the beleaguered carrier will turn around, Pratip Chaudhuri said.
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Posted: January 19th, 2012, 3:20am EST
The lenders will meet in Mumbai later in the day to discuss Air India's $4 billion debt restructuring and all options are open, Pratik said.
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Posted: January 19th, 2012, 12:03am EST
Though 12 flights were delayed, it was due to bad weather in the destination cities like Chandigarh, Kolkata, Amritsar and Lucknow.
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Posted: January 18th, 2012, 3:38pm EST
The Vijay Mallya-promoted airline has run out of cash due to rising costs and a fierce price war in the market, forcing it to borrow from banks.
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Posted: January 18th, 2012, 9:53am EST
Atleast 207 domestic and international flights were delayed by five to six hours as the runway visibility remained below the prescribed minima for low visibility take-off.
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Posted: January 18th, 2012, 8:37am EST
Government's decision to consider allowing foreign airlines pick equity in Indian carriers today received a mixed response.
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Posted: January 17th, 2012, 6:55pm EST
Kingfisher has told its creditors that the company is likely to receive support in form of equity infusion by end-March, said two bankers familiar with the matter.
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Posted: January 17th, 2012, 5:06pm EST
The decision will set the stage for international airlines to come to the rescue of the cash-strapped Indian aviation sector.
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Posted: January 17th, 2012, 5:06pm EST
The decision will set the stage for international airlines to come to the rescue of the cash-strapped Indian aviation sector.
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Posted: January 17th, 2012, 9:48am EST
SBI, the leader of the consortium of banks that has lent funds to Kingfisher Airlines, has loan exposure of Rs 1,457.78 crore to the struggling firm.
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Posted: January 17th, 2012, 7:52am EST
The Aviation Ministry saying it would recommend that the cabinet allow foreign carriers to take up to a 49 per cent stake.
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Posted: January 17th, 2012, 6:14am EST
DGCA has expressed concern over safety rules being violated by helicopter and small plane operators "time and again".
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Posted: January 17th, 2012, 5:13am EST
About 32 passengers from Thiruvananthapuram on board an Alliance Air flight were shocked to find themselves at Kochi airport on Monday after the pilot announced that they had landed at Kozhikode.
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Posted: January 16th, 2012, 6:12pm EST
A group of ministers will consider a proposal on Tuesday to allow foreign airlines to buy into domestic carriers.
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Posted: January 16th, 2012, 11:19am EST
The new flight (G8 719) would leave Delhi at 6.20 AM and reach Ranchi at 7.55 AM and the return flight (G8 720) leave Ranchi at 8.25 AM and reach Delhi at 10 AM.
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Posted: January 16th, 2012, 8:47am EST
This would be the first GoM meeting to be attended by Civil Aviation Minister Ajit Singh, who took over the mantle of the Ministry only a month ago.
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Posted: January 16th, 2012, 5:33am EST
GoAir intends to introduce additional flights from Delhi to Kolkata and Ranchi from February 5th, 2012, and also enhance frequencies to and from north-west India.
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Posted: January 16th, 2012, 5:15am EST
AirAsia X's decision to suspend four of its loss-making international routes, including Mumbai and Delhi, is purely a a business decision.
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Posted: January 16th, 2012, 1:46am EST
A US federal court has rejected bid by an industry body of major US airlines to block $ 3.4 billion loan to Air India to purchase new Boeing planes.
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Posted: January 15th, 2012, 11:44am EST
The American carrier will continue to offer travel choices between the US and India in conjunction with its OneWorld Alliance partners
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Posted: January 15th, 2012, 11:43am EST
The Indian airline industry is expected to suffer a huge debt burden of $20 billion in 2011-12.
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Posted: January 15th, 2012, 6:38am EST
The consortium of lenders that has rejected the RBI-approved debt recast for Air India (AI) is more worried about their credit ratings.
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Posted: January 15th, 2012, 5:59am EST
India has threatened to review the benefits it provides to European airlines as it mounted its opposition to the EU move.
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Posted: January 15th, 2012, 5:39am EST
The consortium of lenders that has rejected the RBI-approved debt recast for Air India (AI) is more worried about their credit ratings.
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Posted: January 15th, 2012, 5:12am EST
Government owes over Rs 110 crore to cash-strapped Air India for its special flights which ferry VVIPs including the President and the Prime Minister.
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Posted: January 15th, 2012, 4:41am EST
Emirates hopes the next bilateral pact between the two sides will remove air pockets to facilitate more capacity and routes to India to utilise the full potential.
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Posted: January 15th, 2012, 2:21am EST
As the government mulls allowing Kingfisher Airlines to import ATF directly, oil companies have opposed the move.
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Posted: January 14th, 2012, 1:48pm EST
Following a day-long strike on Saturday, pilots of Air India offered to return to work from Sunday after govt promised to clear "salary backlog in phases".
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Posted: January 14th, 2012, 11:15am EST
The stir by a section of Air India pilots was called off after the airline reportedly assured them that the pending salaries would be cleared.
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Posted: January 14th, 2012, 9:42am EST
The government said a solution to the problem could be found only next week and most of the wages might be paid by next the end of next week.
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Posted: January 14th, 2012, 3:42am EST
Protesting non-payment of their salary and allowances, a section of Air India pilots have decided to go on "no-pay-no-work" agitation.
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Posted: January 14th, 2012, 1:37am EST
Indian Commercial Pilots Association appealed to agitating cockpit crew to return to work and asked the management to take steps to resolve the pending demands.
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Posted: January 14th, 2012, 1:25am EST
Flight operations of Air India were severely affected on Saturday after its pilot reported sick as part of their 'work to rule' agitation against the airline management's failure to pay their salary.
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Posted: January 13th, 2012, 5:16pm EST
Dismissing complaints against private airlines, competition watchdog CCI said they did not indulge in anti-competitive practices by raising fares after Air India pilots went on strike in April-May last year.
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Posted: January 13th, 2012, 4:21pm EST
Germany's DVB Bank said it may repossess two Airbus A320 aircraft from Kingfisher Airlines if the carrier failed to meet its commitment to the lender in due time.
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Posted: January 13th, 2012, 12:44pm EST
Protesting non-payment of their salary and allowances, a section of Air India pilots have decided to go on "no-pay-no-work" agitation from midnight tonight.
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Posted: January 13th, 2012, 12:08pm EST
GoM is expected to meet next week to look into the demands raised by some of the major airlines to allow foreign capital.
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Posted: January 13th, 2012, 10:03am EST
Jet Airways has converted its options to buy Boeing 737 mid-range from the US aircraft manufacturer into a purchase agreement.
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Posted: January 13th, 2012, 6:59am EST
Analysts believe that the company requires urgent funding to the tune of $400-500 million to remain financially viable.
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Posted: January 13th, 2012, 6:10am EST
Competition Commission of India on Friday exonerated the country's airlines that were accused of charging exorbitant fares to take advantage of a strike called by Air India pilots.
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Posted: January 13th, 2012, 3:05am EST
DVB Bank SE said it may repossess two Airbus A320 aircraft from troubled Kingfisher Airlines Ltd if it failed to meet its commitment in due time.
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Posted: January 13th, 2012, 2:11am EST
Jet Airways, India's top private airline, has ordered 17 midrange 737 aircraft from Boeing, a Boeing spokesperson told media today.
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Posted: January 12th, 2012, 8:51pm EST
The service tax department has frozen the bank accounts of national flag carrier Air India for failing to pay sevice tax dues of about Rs 170 crore.
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Posted: January 12th, 2012, 6:57pm EST
Crisis-ridden Air India sent a desperate SOS to parent aviation ministry on Wednesday seeking a monthly monetary support of Rs 250-300 crore to survive.
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Posted: January 12th, 2012, 12:14pm EST
The Service Tax Department has once again frozen the bank accounts of the national carrier Air India for non-payment of dues running into a little over Rs 300 crore.
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Posted: January 11th, 2012, 10:54pm EST
The situation was defused on Thursday when protesting flight attendants, and many other AI employees, received their salaries for the month of November.
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Posted: January 11th, 2012, 7:01pm EST
Civil aviation minister Ajit Singh said the government would soon take a call on allowing foreign airlines to buy stakes in cash-starved Indian airlines.
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Posted: January 11th, 2012, 9:45am EST
Vijay Mallya today said the airline has replied to all issues raised by DGCA on safety and claimed that the aviation regulator was "satisfied".
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Posted: January 11th, 2012, 9:34am EST
With Kingfisher asking the government to show "sense of urgency" on its plea for direct import of jet fuel, the Commerce Ministry is set to take a decision in the next three-four days without consulting states.
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Posted: January 11th, 2012, 7:42am EST
Once ready, it will be the tallest in the country and seventh tallest in the world. The structure would be 40 per cent taller than the Qutub Minar.
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Posted: January 11th, 2012, 5:02am EST
Ajit Singh ruled out any bailout package for Kingfisher which is under financial strain, and added that Air India needed to get its act together.
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Posted: January 11th, 2012, 1:50am EST
A Group of Ministers (GoM) will soon meet here to decide on allowing foreign entities to pick up stakes in the airline sector in India.
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Posted: January 10th, 2012, 5:04pm EST
Air India will see fresh round of agitation by employees as Aviation Industry Employees Guild has threatened to go on strike from January 14 in protest against the delay in payment of salaries.
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Posted: January 10th, 2012, 4:59pm EST
The airline said it was following all the safety procedures "meticulously" and its fleet expansion posed no threat to the maintenance of its existing aircraft.
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Posted: January 10th, 2012, 2:58pm EST
Lenders have rejected the debt recast package for Air India, dealing a big blow to its chances of a quick recovery.
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Posted: January 10th, 2012, 12:08pm EST
A Mumbai-Delhi Air India flight tonight landed under emergency condition at the airport here following a bomb threat.
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Posted: January 10th, 2012, 11:49am EST
India's Jet Airways Ltd said on Tuesday it was in compliance with all global and domestic aviation safety norms.
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Posted: January 10th, 2012, 9:05am EST
Days after several safety lapses were pointed out, Indian carriers claimed they were complying with all safety regulations.
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Posted: January 10th, 2012, 8:36am EST
Vijay Mallya is believed to have said that if help on these matters was not forthcoming, then it could adversely affect airlines's normal operations.
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Posted: January 10th, 2012, 8:26am EST
Kingfisher Airlines and AI owe the govt a total of over Rs 360 crore towards service tax dues, a senior Finance Ministry official said.
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Posted: January 10th, 2012, 7:13am EST
IndiGo, which last year placed biggest jet order in commercial aviation history, plans to add 12 aircraft to its current fleet of 48 in a year.
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Posted: January 10th, 2012, 6:40am EST
Struggling Kingfisher Airlines has paid 200 million rupees ($3.8 million) in outstanding service taxes due for December.
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Posted: January 10th, 2012, 6:18am EST
Air India will start flying to international destinations from Visakhapatnam with first flight to Dubai via Hyderabad scheduled to take off on March 27.
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Posted: January 10th, 2012, 5:51am EST
Top officials of the Civil Aviation Ministry will face some tough questions from Parliament's Public Accounts Committee tomorrow on a CAG report.
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Posted: January 10th, 2012, 5:33am EST
Air India will start flying to international destinations from Visakhapatnam with first flight to Dubai via Hyderabad scheduled to take off on March 27.
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Posted: January 10th, 2012, 5:21am EST
India's beleaguered Kingfisher Airlines paid outstanding service taxes of 200 million rupees ($3.8 million) up to December.
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Posted: January 10th, 2012, 5:02am EST
IndiGo, India's only profitable airline, saw no impact on its fleet expansion plans from the safety concerns raised by the country's civil aviation regulator.
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Posted: January 10th, 2012, 2:39am EST
Unlike the first meeting held to discuss this issue last Thursday, this time around, Kingfisher representatives met DGCA officials.
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Posted: January 10th, 2012, 1:47am EST
No duty is levied on an aircraft registered overseas if it is brought into India for the purpose of 'a flight' and leaves the country in less than six months.
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Posted: January 9th, 2012, 9:49am EST
After a rap from the aviation regulator for neglecting safety issues, Kingfisher Airlines today submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified.
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Posted: January 9th, 2012, 7:56am EST
"IndiGo is a very quality conscious airline and passenger safety is paramount to our mission and values," the Gurgaon-based airline said.
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Posted: January 8th, 2012, 11:40pm EST
Seven passengers were injured when a Qantas A380 superjumbo with 450 passengers was rattled by severe turbulence over Indian airspace .
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Posted: January 8th, 2012, 10:02pm EST
DGCA report has unearthed flaws in all carriers, including Jet, SpiceJet & GoAir, but problems at AI Express & IndiGo are among the more serious.
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Posted: January 8th, 2012, 5:08pm EST
Maldives authorities have allowed Male International Airport operator GMR Infrastructure to collect airport development and insurance charges from passengers.
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Posted: January 8th, 2012, 9:05am EST
The Government will not tolerate any violation of safety norms on which there will be no compromise, Civil Aviation Minister Ajit Singh asserted today.
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Posted: January 7th, 2012, 11:31am EST
The flagship air-carrier is sitting on a mountain of debt running into Rs 69,000 crore, out of which Rs 42,000 crore was for fleet acquisition and the rest was working capital loans taken from 14 lenders led by State Bank.
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Posted: January 7th, 2012, 8:09am EST
A financial surveillance carried out by the Directorate General of Civil Aviation (DGCA) found widespread sickness in the sector.
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Posted: January 7th, 2012, 2:51am EST
Vijay Mallya on Saturday said, its Kingfisher Airlines was "one thousand per cent safe to fly" and that safety was the airline's top priority.
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Posted: January 7th, 2012, 12:26am EST
Civil Aviation Min is likely to drop its opposition to higher investment by foreign airlines in the sector and agree to let them hold up to 49% in domestic carriers.
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Posted: January 6th, 2012, 7:33pm EST
The ministry is likely to drop its opposition to higher investment by foreign airlines in the aviation sector and agree to let them hold up to 49% in domestic carriers.
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Posted: January 6th, 2012, 4:50pm EST
The aviation regulator has rejected Vijay Mallya-owned Kingfisher Airlines' plea to take action against pilots who quit the airline without serving a six-month notice period.
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Posted: January 6th, 2012, 2:55pm EST
The Vijay Mallya-owned airline has been struggling to stay afloat amid continuous losses and inability to find equity investments.
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Posted: January 6th, 2012, 11:19am EST
The troubles of cash-strapped Kingfisher Airlines worsened today with another lender classifying its loan as "sub-standard"
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Posted: January 6th, 2012, 11:10am EST
Kingfisher Airlines today failed to pay its service tax dues for December, which could lead to freezing of its bank accounts once again.
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Posted: January 6th, 2012, 9:48am EST
DGCA today warned Kingfisher and Air India Express of stringent action if they did not come out with a "specific and realistic" time-table.
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Posted: January 6th, 2012, 6:55am EST
Air India has floated a global tender for the sale of six Boeing 737 freighters, virtually bringing the curtains down on its plan to launch a dedicated cargo service.
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Posted: January 5th, 2012, 8:53pm EST
The cumulative debt of the industry has risen to Rs 70,000 crore, raising concerns about loan repayment defaults.
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Posted: January 5th, 2012, 5:29pm EST
Kingfisher has an outstanding loan of around Rs 6,419 cr and banks have indicated that there are no plans to carry out a second round of debt restructuring.
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Posted: January 5th, 2012, 5:20pm EST
DGCA chief Bharat Bhushan said the DGCA will ensure that financial constraints of airlines do not hamper passenger safety in any way.
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Posted: January 5th, 2012, 11:03am EST
India's aviation regulator said it is taking steps to ensure safety norms and ruled out forcing any airline into closure on that count.
