Aviation sector asks govt to slash taxes on jet fuel

Indian aviation industry Tuesday asked the government to slash taxes on jet fuel, exempt aircraft engines from customs duty and rationalise taxation of MROs, as the BJP-led dispensation prepared for the general budget for 2014-15.

Forward movement for Indian aviation industry in 2013

New airlines would start flying on Indian skies in 2014 that would also mark 100 years of commercial aviation to commemorate the first flight by a paying passenger on a scheduled airline that crossed Tampa Bay in Florida (US) in 1914.

Aviation insurance to emerge as growing segment in GI sector

Aviation insurance is likely to emerge as a key growth area in the coming years with new airlines starting operations and existing players expanding fleet size, industry officials said.

Tough business takes a toll on airline CEO salaries

Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.

Govt may soon do away with overseas flying rules of aircraft

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.

India, Singapore sign enhanced air services agreement

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.

IndiGo registers least flight cancellations, AI comes last

No frill carrier IndiGo had the least number of flight cancellations while national carrier Air India fared the worst between July 2011 to June 2012.

Tough measures needed to make AI survive, thrive: IATA

IATA chief Tony Tyler, who raised the issue at a CII conference on Indian aviation, said the entire sector was in a "multi-faceted crisis" which could be resolved by coordinated public policies.

‘IGI witnesses increase in passenger revenue in 2010-11’

The study also establishes the significant linkage of the Civil Aviation sector with the rest of the economy.

Govt to soon take decision on FDI in aviation

The Government on Thursday said it will "very soon" take a decision on the issue of allowing foreign airlines to pick up stake in the Indian carriers.

India can emerge as third largest aviation market by 2029: ACI

India has come a long way over the last five years in terms of aviation growth, considerably improving its ranking and with right policies in place, it could emerge as the third largest aviation market by 2029, according to Airports Council International (ACI).

State Bank of India to bail out Kingfisher: Report

The newspaper quoted an unidentified source as saying the state-controlled bank had decided to extend a new line of credit, that included Rs 7 billion in short-term working capital and Rs 5 billion in bank guarantees.

Indian airline industry expected to suffer huge debt burden

The Indian airline industry is expected to suffer a huge debt burden of USD 20 billion in 2011-12, with the Planning Commission recommending "significant and continuous investment" to give a boost to the cash-strapped sector.

DGCA to meet top airlines officials on safety lapses issue

Aviation regulator DGCA is reviewing the replies by airlines on the safety lapses pointed out by it in a financial audit and would be meeting top officials of the air carriers shortly, sources said on Thursday.

DGCA raps airlines on safety issues, says no short-cut

The aviation regulator, which met with beleaguered Kingfisher Airlines and Air India Express to discuss issues relating to passenger safety, said there was no threat of any carrier's licence being cancelled, a top official said on Thursday.

Aviation industry faced huge losses, fierce competition

The Indian aviation industry faced a paradoxical situation in 2011.

Indian aviation industry to suffer $1.5 bn losses in 2009: IATA

Painting a gloomy picture, the International Air Transport Association on Friday said the Indian aviation industry is estimated to suffer a collective loss of USD 1.5 billion in 2009, with Air India accounting for most of it.