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Financial weakness hindering domestic airlines' international expansion

The weak financial position of domestic carriers is the reason behind their inability to expand international operations, parliament was told on Tuesday.

250-plane order reflects India's growth potential: IndiGo

After placing the largest single order for 250 aircraft with European major Airbus, IndiGo today said that the purchase contract reflects stabilising trend in the Indian aviation sector.

China's HNA eyeing to invest $200 mn in Indian aviation sector

HNA Group is one of the biggest aviation conglomerates of China owning 16 airline companies with 528 aircrafts operating across the world.

Economic Survey 2013-14: Signs of revival in Indian aviation sector

The Indian civil aviation sector is showing signs of revival in growth after a period of turbulence with emergence of new players such as AirAsia and Tata-SIA Airline, although domestic passenger traffic handled at Indian airports grew only by 5.2 percent in 2013-14.

US committed to help India get back Category 1 aviation rating

Earlier, the FAA announced that India is not in compliance with international safety standards set by the UN agency International Civilian Aviation Organisation (ICAO).

FAA downgrades Indian aviation safety ratings

India's aviation safety ratings have been downgraded by the Federal Aviation Administration (FAA) from the top to the second category, which would affect expansion of flights by Indian carriers to the United States.

Procedural delay dampens investors sentiment: Ajit Singh

"There are unnecessary delays at every step every regulatory agency...They are trying to find ways how to stop this...Instead of facilitating this...Everyone delays it," Singh said at ETnow event here.

India wants more FDI from US for aviation sector: Ajit Singh

Asserting that India has taken significant steps in making air travel affordable, Civil Aviation Minister Ajit Singh on Wednesday called for more foreign direct investment from America in the country which now offers immense business opportunities.

'India may be among top three aviation markets by 2020'

Domestic traffic in India saw a Compounded Annual Growth Rate (CAGR) of 17 percent between 2009 and 2011.

Indian aviation sector growing at the fastest pace: Antony

Inaugurating the 9th edition of Aero India-2013, at Air Force Station, Yelhanka, Bangalore, Antony underscored the need to create a strong defence industrial base in the country.

Submit foreign operation plans by Aug-end: Min to airlines

The ministry's move comes in the wake of aggressive expansion carried out so far by foreign carriers, especially those from the Middle East.

RBI says airline sector to continue facing funds crunch

The bleeding domestic aviation sector is likely to continue facing funding crunch and could also be affected by prevalent policy uncertainties, the Financial Stability Report released by the Reserve Bank said on Thursday.

Emirates chief wants Indian aviation to liberalise faster

Indian aviation sector has to liberalise rapidly to keep in tune with the huge air traffic growth being experienced by the country, a top airline official said on Tuesday.

Aviation sector contributing 0.5% of GDP: Study

Terming the aviation sector as the 'real World Wide Web', a study has said it is currently contributing Rs 33,000 crore.

Turbulent times ahead for Indian aviation sector: IATA

The Indian aviation industry may not do well this year in the absence of any major structural changes, pex body for the global airline industry IATA's Director General Tony Tyler said here on Thursday.

Cash-strapped aviation sector looks forward

The cash-starved airline industry is looking forward to the ensuing budget with great expectations as it desperately wants changes in the FDI policy on aviation and more tax sops to help reduce the high debt and cost burden.

Global airlines wary of picking up stakes in Indian carriers

Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.

Airline shares up on hopes of FDI by foreign carriers

Shares of Indian carriers surged in early trades on Wednesday, after the aviation ministry said it would recommend that the government allow foreign airlines to buy stakes of up to 49 percent in Indian airlines.

44 Air India flights cancelled, Govt says solution next week

At least 44 Air India flights, including some from and to international destinations, were cancelled on Saturday as about 50 pilots reported for duty but did not operate flights protesting delay in payment of wages.

Major jolt to Air India as lenders reject debt restructuring

A debt restructuring plan for troubled national carrier Air India has been rejected by the airline's lenders, a daily business newspaper reported on Wednesday, as bankers refused to take a stake in the loss-making airline.