The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram would consider on March 6 the investment plan of MalaysiaÂ’s AirAsia in a proposed joint venture with Tata Group for launching airline operation. AirAsia has applied to FIPB to take 49 percent in a ventu
Category: Aviation & Airports
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Govt allows IndiGo to import aircraft
The Government has approved the proposal of the Delhi-based low cost airline, IndiGo to import 11 aircraft. Sources indicated that IndiGo has been given a No Objection Certificate to import 11 Airbus A-320 aircraft. The import of aircraft is first approved by the Aircraft Acquisition Committee (ACC) in the Ministry of Civil Aviation first after which the proposal is cleared by the approving authority, the Minister for Civil Aviation before actual import is allowed.
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AirAsia expects to start JV operation by 4th quarter
By the fourth quarter of 2013, AirAsia expects to start operation of its proposed low-cost airline in a joint venture with Tata Group and Arun Bhatia of Telestra Tradeplace. As soon as the joint venture receives approval from the sectoral regulator, it would launch operation, AirAsia's founder and group CEO Tony Fernandes said
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ADAIA requests govt to resolve labour issue in Vallarpadam terminal
Kerala government received a request from the Alwaye Development Area Industrial Association (ADAIA) to take steps to end the ongoing labour strike at the Vallarpadam Container Terminal. The trailer crew in the terminal are holding strike for the second time demanding wage hike and other facilities. As numerous small-scale industries depend on the terminal for export and import of goods, the losses incurred beca
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Mallya gives a surprise to his KFA employees
A section of employees of Vijay Mallya's cash-strapped Kingfisher Airlines (KFA) were in for a surprise on February 19 as the company started paying one month salary dues to them, who have not been paid the dues since a few months. Though there was no statement or assurance from KFA that the salary would be paid on February 19, a section of the employees received salary dues with mixed feelings and that's why its surprise.
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Gujarat to spend Rs 141 cr for better aviation infra
Gujarat government plans to pump in around Rs 141 crore to promote aviation in the state in the next financial year. The amount is more than double of what had been allocated to the sector for the current financial year. The focus will mainly be on developing aviation infrastructure facilities. A senior official from the civil aviation department said that the government wants to strengthen civil aviation network.
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Air India still wary about joining the fare war
Air India is the only one domestic airline that has not joined fare war on February 19 morning. Jet Airways announced one of the biggest fire sales in domestic aviation with low ticket prices of Rs 2,250 on 20 lakh seats on the day. Within hours, IndiGo had matched JetÂ’s fares on many sectors; SpiceJet has already completed a similar firesale last month where it sold 10 lakh tickets at Rs 2,013 each.
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Jet, IndiGo slash air travel fares by 30-50%
Airlines are now striving to woo travellers. On February 19, Jet Airways and IndiGo slashed airfares. Jet is offering 20 lakh seats from Rs 2,250 onwards. These seats can be booked till midnight of February 24 for travel till December 31. IndiGo slashed fares on select routes by about 30 per cent.
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Airlines oppose Kolkata airport’s revised charges
Airlines operating out of Kolkata's Netaji Subhash Chandra Bose International (NSCBI) airport are opposing the new charges that have been imposed on them. High charges of software and data system in the new terminal building of the Kolkata airport have deterred airlines from operating. The charges have not been implemented till date but would be implemented once the airlines shift to the new terminal building and start operating flights from there.
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Govt may privatise Chennai airport’s cargo operation
Airport Authority of India (AAI) has said that the Government could give the entire air cargo operation to a private company in the proposed second phase of the Chennai airport modernisation plan. GK Chaukiyal, Member (Operations), Airport Authority of India said that AAI is open to the idea of outsourcing the entire air cargo operations in the second phase when a new cargo facility is to be built in the old terminal.