In the face of financial woes creeping across its airline sector, Airbus is sticking to upbeat forecasts for aircraft demand in India. The European planemaker recently said in Singapore that there is a lot of growth. The Indian aviation industry lost a combined $2 billion last year and all but unlisted IndiGo - an Airbus customer - lost money, complaining of high taxes on jet fuel, expensive airports and subsidies to state carrier Air India.
Tag: IndiGo
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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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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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No plan to invest in Indian airlines: IAG
The International Airlines Group, the sixth largest airline globally in revenue terms, said it did not have plans to invest in any Indian airline. Formed in January 2011, IAG is the parent company of British Airways, Iberia and bmi. This follows speculation that Delhi-based low-cost airline IndiGo was looking to tie up with British Airways.
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British Airways in talks with IndiGo for alliance: Reports
To have an 'interline agreement' with India's biggest carrier, IndiGo, British Airways is engaged in talks, media reports say. The agreement is for ticketing and baggage sharing, sources said on January 22. The interline agreement allows customers from two airlines to buy connecting flights on one ticket.
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IndiGo order: The best laid planes
IndiGo made history in the world of commercial aviation with the largest single firm order for big jets ever placed, but says it has not decided how it will finance the deal.