The finance ministry was contemplating allowing foreign carriers to buy 49% stake in Indian carriers, but the finance minister has gone in for 26% ... Read more

With Kingfisher Airlines planning to phase out its low-cost airline Kingfisher Red in two months, Jet senses its opportunity to gain market share in this rapidly growing segment ... Read more

Last week, the Reserve Bank of India (RBI) had approved extension of the tenure of loans to the state carrier by five years with the loans now being due for repayment after 15 years ... Read more

The airline company would need to pay Rs 60 lakh a day to MIAL to operate flights to and from Mumbai ... Read more

If ADF collection starts from December 1, the airlines will have to take this money from passengers at check-in counters which will be nothing less than a logistical nightmare. ... Read more

PM may ask FinMin to consider lowering excise tax on jet fuel ... Read more

Interestingly, Kingfisher Airlines chief, Mr Vijay Mallya, did not attend the meeting which saw the presence of Top officials of all the Domestic Airlines ... Read more

Airlines asking for the date to be pushed back by at least two months to February 1 ... Read more

The meeting has been called to resolve the airlines’ financial health and discuss the issues in general ... Read more

The struggling airlines has sought permission from the Directorate General of Foreign Trade to import fuel directly to avoid the steep sales tax levied by states ... Read more