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Airlines run into audit red-flags over 'going concern' status

Last Updated: Sunday, August 17, 2014, 19:38

Amid continuing difficulties in airline space to generate profits and raise funds, independent auditors of at least two Indian carriers have raised red-flags over their 'going concern' status claims.

Civil Aviation Min issues series of instructions to Air India

Last Updated: Thursday, August 14, 2014, 19:37

The Civil Aviation Ministry has issued a series of instructions to Air India, including redeployment of its "surplus" staff, to tighten its belts to face heightened competition, particularly from the proposed Tata-SIA backed Vistara airline.

Aviation ministry working on bailout plan for airlines

Last Updated: Friday, August 01, 2014, 15:28

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

More new airlines likely to fly in Indian sky in coming months

Last Updated: Tuesday, July 22, 2014, 18:46

While AirAsia India, Ligare Aviation Limited, Quickjet Cargo Airlines and LEPL Projects Limited have been granted the Air Operator's Permit (AOP) or the flying licence, the two pending cases are those of Tata-SIA Airlines Limited and Air Pegasus Limited, Minister of State for Civil Aviation G M Siddeshwara has said.

Air India to be formally inducted into Star Alliance today

Last Updated: Friday, July 11, 2014, 09:00

The ceremony at the IGI Airport would see Air India unveiling a Boeing 787 Dreamliner and an Airbus A-320.

FM plans Green, Blue and Protein revolutions for agro growth

Last Updated: Thursday, July 10, 2014, 19:12

Setting aside Rs 50 crore for development of indigenous cattle breeds, an equal amount was also set aside by him to start a “Blue Revolution” in inland fisheries.

11.4% hike for Civil Aviation Ministry in Budget

Last Updated: Thursday, July 10, 2014, 16:31

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

Last Updated: Tuesday, July 01, 2014, 17:21

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.

Indian aviation market tough but important: Air France-KLM

Last Updated: Sunday, June 29, 2014, 19:48

Competition from Gulf carriers has made the burgeoning Indian aviation market "tough" and Air France-KLM would have to upgrade its image to address this challenge, the airline's global CEO has said.

Decision on Air India's induction into Star Alliance Monday

Last Updated: Sunday, June 22, 2014, 20:00

If the membership is granted, it would end Air India's seven-year-long wait to access the alliance's global network of over 18,000 daily flights to 1,269 airports in 193 countries.

HC seeks Centre`s reply on Vishaka norms in foreign airline

Last Updated: Friday, June 20, 2014, 16:00

The Delhi High Court on Friday sought response of the Centre, Delhi government and Srilankan Airlines on a plea by a Indian woman employee of the carrier for action against it over non-implementation of Vishaka guidelines on dealing with cases of sexual harassment at workplace.

Flights from Chandigarh to Dubai, Bangkok soon: Punjab govt

Last Updated: Friday, June 20, 2014, 01:26

The Civil Aviation Ministry has given its nod to start of international flights from Chandigarh to Dubai and Bangkok soon, Punjab government said on Thursday said.