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Air traffic up 23.5% in September; IndiGo top carrier with 40% market share

Air traffic up 23.5% in September; IndiGo top carrier with 40% market share

As per an official data released on Wednesday, the month of September saw a 23.5 percent rise in the number of air passengers to 82.3 lakh as compared to the year-ago period.

A half-hour flight, fare as low as Rs 1,770 likely to become a reality from August

A half-hour flight, fare as low as Rs 1,770 likely to become a reality from August

The Aviation Ministry's Regional Connectivity Scheme literally aims to make hop-on and hop-off the airlines a reality! The government has taken steps for providing flight connectivity between cities within a distance of 200 km to 800 km.

Aviation ministry likely to abandon "5/20 rule"

Aviation ministry likely to abandon "5/20 rule" which states that 20 airplanes for 5 years to the service. Watch complete news story of First Trade and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

Unbelievable! Air tickets at Rs 2,500?

Unbelievable! Air tickets at Rs 2,500?

Have you ever fantasized about flying at the same price as that of the train?

Aviation Ministry working on airfares after PM Modi's concerns

The Civil Aviation Ministry is working on options to address the issue of airlines charging high fares, especially during festive seasons, in the wake of serious concerns expressed by Prime Minister Narendra Modi on the issue but ruled out regulating ticket prices.

Aviation Ministry wants to mobilise Rs 2,400 crore for Air India

Out of the total, around Rs 1,800 crore is being sought to meet the funding shortfall faced by the cash-starved national carrier.

New civil aviation secretary holds Air India review

"The ministry feels that the situation in the aviation industry has undergone a sea change since 2012 when Air India's TAP was put in place for 10 years and this requires that the plan be revisited," a government official had said.

AAI extends submission date for RFQ for four airports

The state-run airport operators earlier had March 26 as the last date for submitting the RFQ.

AI takes refuge under a DGCA provision to meet crew shortage

Air India is alleged to have been "compromising" with flight safety norms by using a DGCA waiver on minimum cabin crew requirement on some of its long haul flights, a charge denied by the national carrier.

Always welcome competition in business: Naresh Goyal

Always welcome competition in business: Naresh Goyal

Goyal, who has offloaded 24 percent stake in his carrier to the Gulf-based carrier Etihad, earlier met the Civil Aviation Minister Ashok Gajapathi Raju, besides senior Ministry officials here.

Vistara takes delivery of 5th aircraft

All these planes are on lease from Bank of China Aviation (BOC Aviation).

New civil aviation policy likely by next week

Aviation Ministry is hopeful of coming out with a new policy next week with a focus to make the country an international hub for air transport.

Aviation Ministry bats for tax sops in budget for MRO biz

The Civil Aviation Ministry has sought tax sops and easing of customs norms for the Indian MRO industry, saying that this would not only make domestic units economically viable but also give a fillip to Prime Minister Narendra Modi's 'Make in India' campaign.

SpiceJet submits revival plan to the government

However, the Kalanithi Maran's carrier is expected to come up with a comprehensive plan, which may include more details on the proposed investments by next week, sources said.

SpiceJet pays salaries for November

Beleaguered budget carrier SpiceJet has paid the salaries for November to its employees.

DGCA mulling action against airlines for lapses on pilot test

The PPC is an essential requirement for maintaining the validity of a pilot's licence. If these tests are not conducted on time as per the rules, the licence becomes invalid.

Aviation ministry working on bailout plan for airlines

The aviation ministry is exploring possibilities of offering loans at lower rates for working capital through the state-owned banks.

11.4% hike for Civil Aviation Ministry in Budget

Government Thursday announced a new scheme to develop airports in metros and non-metro cities through public-private partnership to enhance air connectivity and hiked allocation for the Civil Aviation sector by over 11.4 percent to Rs 9,474 crore in the budget.

Cash balance of Indian airlines at dangerous levels: CAPA

Indian airlines are expected to post lesser losses in 2014-15 than last year but their cash balances are at "dangerous levels", being equivalent to less than three weeks' revenue, an aviation consultancy said Tuesday.

Airport privatisation only after elections: Aviation Ministry

Civil Aviation Secretary Ashok Lavasa said that the move to privatise six major airports in the country will be taken post elections.