Indian airlines to see better earnings outlook in 2016: Fitch

Indian and South East Asian airlines are likely to see improved earning prospects in 2016, primarily driven by higher demand and lower fuel costs, says Fitch Ratings.  

Air India likely to make 6% profit this fiscal, first since merger
Air India likely to make 6% profit this fiscal, first since merger

For the first time since merger of Indian Airlines into Air India, the national carrier is likely to report an operating profit of about Rs six crores in the current fiscal, owing to a combination of factors including lower fuel costs and Dreamliner operations, among others.

Air India showing improvement in operational performance
Air India showing improvement in operational performance

Air India's net losses have declined by more than 22 percent in the past four years, reflecting improvement in its financial and operational performance, Lok Sabha was informed on Thursday.

Part of funding for 9/11 came from India, says ex-top cop Neeraj Kumar
Part of funding for 9/11 came from India, says ex-top cop Neeraj Kumar

Part of funding for 9/11 attacks in the US had originated from India, according to a former top police officer Neeraj Kumar.

Air India cuts employees from 300 to 108 in two years; saves on costs
Air India cuts employees from 300 to 108 in two years; saves on costs

In a major boost to its cost saving efforts, Air India has managed to bring down the number of employees per aircraft by almost two-thirds to 108 compared to 300 more than two years ago.

Air India forms monitoring team for safe, clean travel

Air India on Sunday announced it has set up a dedicated monitoring team under an executive director which would conduct surprise checks to ensure safe travel and better service delivery to its passengers.

IndiGo adds nine 9 new flights to its network

No-frills carrier IndiGo has added nine new flights on its domestic network including a daily service on the Varanasi-Goa via Mumbai and Varanasi-Kolkata routes, starting Tuesday.

Air traffic grows 29% in July; airlines carry 67.45 lakh people

The number of passengers ferried by domestic carriers climbed 29 percent to 67.45 lakh in July as discounts and fall in fuel prices made airfares more affordable.

Boeing says domestic airlines on way to break-even

Boeing's main customers in the country include Air India, Jet Airways and Spicejet which also have Airbus planes, while the largest carrier Indigo has only Airbus aircraft.

India needs 1,740 new aircraft worth $240 bn in next 20 years: Boeing

Raising its forecast for the Indian market, Boeing Wednesday said the country will need 1,740 new aircraft worth USD 240 billion over the next 20 years.

Domestic carriers to operate 1,400 more flights this winter

The winter schedule of the Indian airlines commences from the last Sunday of October while the summer schedule starts from the last Sunday of March.

Govt completely rewriting civil aviation policy: Official

After being in the works for a long time, the government is "completely rewriting" the civil aviation policy to address concerns of the stakeholders.

Dulat's claim of "goof up" by Vajpayee govt in Kandahar fuels controversy

Former RAW chief AS Dulat's claim of a "goof up" in Kandahar hijack response by the Vajpayee government in 1999 triggered a controversy on Friday with BJP outrightly rejecting it while Congress alleged that its "soft" approach laid the "foundation of terrorism".

What led to Kandahar hijack 'goof up' - Ex-RAW chief's striking revelations
What led to Kandahar hijack 'goof up' - Ex-RAW chief's striking revelations

Ex-RAW chief AS Dulat in an interview to a news channel has made some striking disclosures, one of which is about how the Kandahar hijack was "goofed up".

Did Vajpayee govt pay ransom for passengers of IC-814, asks Congress

The Congress party on Friday questioned whether the NDA government under former prime minister Atal Bihari Vajpayee had paid a ransom to the Taliban for the release of the passengers on Indian Airlines Flight 814, which had been hijacked and flown to Kandahar, Afghanistan.

IC-814 hijack: Singhvi downplays former RAW chief's claims

Congress leader Abhishek Manu Singhvi on Friday avoided commenting on former Research and Analysis Wing (RAW) chief AS Dulat's claims 10 years after the hijacking of Indian Airlines flight IC-814, saying it would be better for the intelligence agencies to respond to it.

Kandahar hijack was ''goofed up'': Former RAW chief
Kandahar hijack was ''goofed up'': Former RAW chief

The Kandahar hijack was "goofed up" as no one wanted to take a decision fearing loss of life, according to former RAW chief AS Dulat.

India's aviation growth to be double of global average: Airbus

Eyeing big orders from Indian airlines, world's leading aircraft maker Airbus has said that India's aviation market will grow at over 10 percent annually in next ten years, which would be double the average global growth rate.

Indian airlines doing better; need to get fares right: Boeing

Bullish on Indian aviation market, top aircraft maker Boeing has said that operating environment has improved for airlines in the country but there is a need to get the airfare metrics right to make profits.

RBI extends ECB borrowing window for airlines till March 2016

The Reserve Bank Thursday extended the deadline for aviation sector to raise funds through external commercial borrowings (ECBs) route by a year till March, a move aimed at providing relief to the cash-crunched sector.