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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 registers growth in revenue in May

Last Updated: Thursday, June 05, 2014, 00:27

Air India has registered an increase both in terms of the number of passengers carried by it and its revenue in May this year as against the corresponding period last year, its spokesman said today.

India to be third biggest aviation market by 2020: Ajit Singh

Last Updated: Tuesday, December 03, 2013, 22:01

Civil Aviation Minister Ajit Singh has said that India is poised to be the third biggest aviation market in the world by 2020.

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.

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.

Rapid expansion of aviation has given impetus to economy: Prez

Last Updated: Wednesday, November 07, 2012, 21:42

Noting that airports serve as gateways, President Pranab Mukherjee Wednesday said rapid expansion of the aviation sector in the country has given significant boost to the economy.

Indian aviation market is faltering: IATA

Last Updated: Friday, November 02, 2012, 19:22

Global airlines' body IATA Friday termed Indian aviation market as "faltering" and said domestic passenger traffic in the country had slid by about 10 percent compared to a year ago, the "worst" for any market.

'Govt looking at FDI by foreign airlines in Indian carriers'

Last Updated: Tuesday, July 17, 2012, 23:22

The government is looking at allowing foreign airlines to invest in domestic carriers but there would be no change in FDI cap of 49 percent, Civil Aviation Minister Ajit Singh said Tuesday.

Aviation stocks slide on ATF price hike

Last Updated: Tuesday, July 17, 2012, 21:53

Aviation stocks Tuesday lost ground and fell by up to 4 percent as state-owned oil firms hiked jet fuel rates by 1.7 percent in line with firming international oil rates.

Aviation sector needs tax reforms, not mere FDI: Report

Last Updated: Thursday, June 21, 2012, 00:29

The domestic aviation sector first needs sweeping policy reforms, particularly regarding jet fuel taxes and free ticket pricing, before allowing FDI into the sector, an ICICI Securities report said Wednesday.

Budget gives boost to aviation sector

Last Updated: Friday, March 16, 2012, 13:44

The Indian airline industry Friday got a major relief with the government allowing it to raise capital through external borrowings worth USD one billion for a year, as it planned to allocate Rs 4,000 crore to ailing Air India.