IndiaÂ’s national carrier has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161 crore for the first nine months of the current fiscal year, aided by higher ancillary revenues and higher contribution from subsidiaries.
Tag: Air India
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Air India posts Rs.246 crore loss in April-June quarter
Air India has reported an operational loss of Rs.246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal. The operating loss in the first quarter of this fiscal has come down from Rs.315.37 crore in the year-ago period.
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Air India posts Rs 246 crore operating loss in April-June quarter
Air India has reported an operational loss of Rs 246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal.
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Air India taps LIC for Rs.10,000-cr loan
Air India is in talks with Life Insurance Corporation of India for a loan of up to Rs.10,000 crore to help finance the acquisition of six Boeing 787 and three 777 aircraft.
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CCI Order Anti-competitive conduct
Competition Commission of India has ordered airlines´ to desist from indulging in anti-competitive practices and has imposed penalties on leading airlines. The moot question is whether this is a well-grounded move.
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Privatisation of airports has transformed airport experience
Paramprit Bakshi, Associate General Manager, CAPA, opines that for the aviation industry to gain momentum, a transition from ad-hoc decision making to a rule-based operating environment is a pre-requisite.
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Airlines may handle ground ops under new policy
The government is likely to allow airlines to handle ground operations on their own in the country´s airports, a key change of stance that will meet the demand of carriers and end a court case on the matter. The change will be part of the new civil aviation policy.
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Panel for Air India´s performance
The National Democratic Alliance (NDA) Government plans to set up an expert panel to find ways to improve Air India´s performance but presently no proposal is being considered for its privatisation, said Civil Aviation Minister Ashok Gajapathi Raju Pusapati.
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Story of an engineering art deco
Octamec Engineering Limited founded in 1983 by a dynamic Aeronautical Engineer from Mangalore Mr. Navin Hegde who introduced 1st time ever in India, a marvelous engineering solution which provided a free span column free lightweight engineering structure technology called SPACEFRAMES.
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Good Days Are Here…
The first 100 days of the Modi government have been encouraging. Now the Centre is firmly moving to mission mode. There´s much that the infrastructure sector can look forward to in the days to come. Let´s look at the various initiatives that the government plans to unroll.