Notified for three months, the decision follows a sharp spike in crude oil prices that triggered a rise in jet fuel costs and airfares. The Ministry of Civil Aviation has announced a 25 per cent reduction in landing and parking charges for domestic carriers for a period of three months, effective immediately, to help mitigate...
Tag: Civil Aviation
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Air India to post operating profit of Rs 300 crore this financial year
Air India is projected to post an operating profit of Rs 300 crore in the current fiscal and there is no plan to privatise the airline, the government has confirmed.
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Centre to spend $10 bn to develop airport infrastructure
A sum of $10 billion would be spent in the next five years to develop airport infrastructure in India so that the country could become the world´s third largest aviation market in seven years, Civil Aviation Secretary RN Choubey has said.
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Smart Cities – India´s evolutionary urbanisation and financial initiative
The IMC Chamber of Commerce & Industry has convened its first international conference on ´Smart Cities - Reimagining Urban Spaces and Financing´ in Delhi. The conference was inaugurated by Jayant Sinha, Minister of State for Civil Aviation.
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Flaws in civil aviation policy will be resolved over a period of time
The new civil aviation policy is aimed at creating an ecosystem of affordable flying for the masses as well as easing industry-related concerns which were long due. To do so, the policy has addressed issues from the regulatory, financial and operational perspectives in a comprehensive manner in three main areas
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Aviation Minister unveils airport at Bhatinda
Union Civil Aviation Minister Ashok Gajapati Raju and Minister of State for Finance Jayant Sinha have inaugurated the first ever airport in Bathinda at Virk Kalan village. Boarding the first flight from Delhi to Bhatinda, Gajapati Raju, Sinha and Food Processing Minister Harsimrat Kaur Badal were among the dignitaries who landed here.
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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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Number of airports set to double in 2-3 years | Minister
The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
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Number of airports to double in 2-3 years
The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
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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.