Govt may soon do away with overseas flying rules of aircraft

Last Updated: Wednesday, September 25, 2013, 19:02

Government may soon do away with the rule that allows an Indian carrier to fly overseas only after it has flown within the country for five years and has a 20-aircraft fleet, with officials saying there was no justification for such norms to continue now.

Airlines spread wings again; may hire 5,000 staff this year

Last Updated: Sunday, June 23, 2013, 15:01

Air carriers have embarked on an aggressive hiring strategy with plans to add over 5,000 jobs this year, as they get ready for the entry of a new player and look to operate larger number of flights in coming months.

Govt gives nod to create aviation hubs

Last Updated: Thursday, May 9, 2013, 23:39

Government on Thursday gave its nod to a wide-ranging policy to create international and regional aviation hubs in the country in the coming days to cater to the growing passenger traffic.

'Global airline sector profit likely to be at $7.5 bn in 2013'

Last Updated: Monday, April 29, 2013, 12:20

This is compared to USD 4.6 billion worth of profit recorded in 2009, the International Air Transport Association (IATA) report said.

India, Singapore sign enhanced air services agreement

Last Updated: Tuesday, April 2, 2013, 22:02

India and Singapore Tuesday signed an enhanced air services agreement, immediately raising airline seats by 10 percent on each way in a response to growing passenger traffic between the two countries.

Ailing Air India asked to take cue from no-frill airline model

Last Updated: Friday, March 29, 2013, 18:20

An official panel that recommended measures to enhance savings of ailing Air India, has suggested that the national carrier take cue from no-frill airline model and prune costs, including those on its 26,000-strong staff.

AirAsia entry unlikely to change fare situation

Last Updated: Tuesday, March 12, 2013, 13:55

The clearance to induct AirAsia to fly within India has fueled hopes of sustained discounted fares, the results of the recent fare cuts by some airlines have not been too encouraging.

Budget 2013 disappoints aviation, hospitality industry experts

Last Updated: Thursday, February 28, 2013, 19:25

Aviation and hospitality industry experts 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.

'Slash sales tax on ATF, rationalise tax and duty structure'

Last Updated: Tuesday, February 26, 2013, 20:08

The representatives sought other measures to encourage regional connectivity and engineering activities.

Aviation industry to grow at 11% in medium-term: ICRA

Last Updated: Sunday, February 17, 2013, 13:51

The domestic aviation industry is set to grow at 11 percent in the medium-term as some of the cyclical variables become less spiteful, ratings agency Icra said in a report.

World airline industry to make $6.7 bn profit in 2012: IATA

Last Updated: Thursday, December 13, 2012, 23:07

The International Air Transport Association (IATA) Thursday revised its current industry financial outlook to a profit of USD 6.7 billion from the USD 4.1 billion forecast in October.

India, China to lead aviation industry growth: IATA

Last Updated: Thursday, December 13, 2012, 17:38

India, China and Latin America would continue to lead the growth next year in the global aviation industry which would improve its profit from USD 6.7 billion to an estimated USD 8.4 billion, IATA said Thursday.