Also feels the current situation is not conducive for domestic carriers to attract foreign capital ... Read more

The stance of the PSU banks will not augur well for Kingfisher, which has been trying to raise cash through all possible sources, including private equity firms but has not been successful till now ... Read more

Alliance Air and Go Air are the only two airlines which are operating the exact number of daily departures which were approved ... Read more

AI owes the department Rs 150 crore, while Kingfisher has to pay up Rs 70 crore. ... Read more

Europe would be expected to post the deepest losses at $4.4 billion, followed by North America at $1.8 billion and Asia-Pacific at $1.1 billion ... Read more

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