The RBI has approved extension of the tenure of loans to troubled state-run carrier Air India by five years with the loans now being due for repayment after 15 years ... Read more

The airline says its lessor Aercap to take back 2 planes ... Read more

Asked if the slots may be transferred from defaulting airlines to other carriers, the official said this would be decided after the airports submit their report ... Read more

However, airlines must contend with insufficient infrastructure and challenging political bureaucracy in India ... Read more

Indigo has gained reputation for punctuality and last year the privately held airline made a profit of about Rs. 600 crore ... Read more

It said that the ATF which constitutes for about 40 per cent of the total operating cost of an airline, attracts sales tax between four per cent and 30 per cent in different states ... Read more

Warns that the company needs to raise money in order to meet its obligations and fund JetLite, its loss-making subsidiary whose net worth has already been eroded ... Read more

The TVC is set in a Broadway style more like a runway musical ... Read more

Domestic airlines in India carried a total of 4.9 crore passengers in the Jan-Oct period this year as compared to 4.2 crore carried in 2010 ... Read more