Corporate
Sun TV founder to buy into SpiceJet; make open offer
Monday, June 21st, 2010The founder of Sun TV Kalanithi Maran and his unlisted aviation firm Kal Airways have agreed to buy 37.7 per cent in budget airline SpiceJet Ltd andwill make an open offer for a further 20 per cent, SpiceJet said.
Air India Outlines Debt Plan
Monday, June 21st, 2010Air India has current outstanding long-term debt of about $5 billion (233 billion rupees) and is considering several steps including selling non-core assets to improve its balance sheet, said a senior executive at the loss-making carrier.
Jet Airways and United Airlines enter into code share
Monday, June 21st, 2010Jet Airways has entered into a code share agreement with United Airlines to provide better network connectivity between the United States and India. The agreement between Jet Airways and United Airlines will open for sale on June 17 for travel from June 30 onwards.
India’s private airlines land back in profit
Sunday, January 31st, 2010Some of India’s money-losing private airlines declared soaring profits in the December quarter, beating analysts’ estimates and indicating strongly that the country’s ailing aviation industry is on the cusp of economic recovery after a turbulent year.
It is flight to safety for airline companies
Sunday, January 31st, 2010The third quarter numbers published by airlines have revived hopes that these companies aren’t too far from a financial take-off.
Airlines to decide soon on hike in airfares
Sunday, January 17th, 2010As the state-run oil companies decided to hike the aviation turbine fuel (ATF) price by a 6.5 per cent, major Indian carriers on Friday said they will take a decision on raising the airfares in a couple of days.
Air India eyes hub control system for operations
Sunday, December 13th, 2009Air India is considering buying a hub control system to streamline the operations of its 140 aircraft for about $36 million (Rs165 crore), two airline officials said.
FedEx enters domestic cargo business in India
Tuesday, December 1st, 2009Twelve years after setting up its base for international air cargo operations in India, FedEx Corp, the world’s largest express transportation company, has begun domestic express service for the Indian market.
Jet Airways still in talks with Kingfisher Airlines for code sharing
Tuesday, December 1st, 2009Jet Airways is still in talks with Kingfisher Airlines for code sharing and other initiatives to achieve operational synergies and reduce costs.
Air India’s fate up in the air
Saturday, October 3rd, 2009Air India flights are back to normal schedule and pilots are back at the cockpit. But that wasn’t the real story. Behind the hangover of sulking pilots and a hassled management lies a story of deepening financial crisis, missed opportunities and utter disregard for laid down roadmaps.