U.S. billionaire investor Wilbur Ross, who made his fortune taking over bankrupt steel, coal and textile companies, will invest 3.45 billion rupees ($80 million) in SpiceJet Ltd., his first investment in an Indian airline.
WL Ross & Co. will Click here to read the full story>
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Farnborough: A town in the Rushmoor district of Hampshire, England, perhaps best known as the home of the Farnborough Air Show, today became the site for yet another historic milestone in global aviation, even as Kingfisher Airlines unveiled its first brand new A330-200, widely billed as the best A330-200 ever built by Airbus.
Equipped with Click here to read the full story>
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India's Jet Airways announced today it has received regulatory clearance from China and will begin its daily San Francisco-Shanghai-Mumbia service June 14.
The one-way introductory fare hasn't been set yet, but could be around $700-$750 to Mumbai, and $550-$600 to Shanghai.
"In the last nine months, we've started 11 international destinations," said Click here to read the full story>
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There's good news for those who dread roaming around at airports like zombies, in the dead of night, to board international flights out of India. The aviation ministry has started insisting that countries wishing to introduce or add flights to India must offer convenient departure times.
This concern Click here to read the full story>
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Air India’s pre-dawn flight AI 640 from Mumbai to Chennai was delayed by five hours on Thursday after a door of the Airbus 320 was damaged in a freak accident. The flight, whose scheduled departure time was 3:15am, was already late by an hour when the incident occurred.
All the passengers were Click here to read the full story>
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Lufthansa German Airlines announced its expansion plans for India at a press conference in Mumbai earlier today. The airline, which had announced the introduction of Pune as a new destination last month is planning to operate six flights a week on the Pune-Frankfurt route starting from July 1, 2008. The route will be serviced by an Airbus A319, offering 48 seats in an all Business Class configuration.
It is also increasing frequency on Click here to read the full story>
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Rising oil prices is taking its toll on the aviation sector. Jet Airways, which currently has market share of 30% along with its low cost carrier JetLite will shell out USD 210 million a year. That is 30% of the additional burden on the entire industry. So, the airline has drawn up a USD 50 million cost cutting plan for this financial year.
Meanwhile, Union Civil Aviation Minister Praful Patel said Click here to read the full story>
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Regional Manager Trade Sales, of the airline, Ritam Saha in an exclusive interview told the Daily News Business that they hope to initially operate three frequencies per week to Sri Lanka.
Saha said Click here to read the full story>
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Jet Airways Ltd, India's top carrier by market share, said Wednesday it plans to expand its fleet by 40 per cent to 117 planes in the next three years.
The carrier, which flies to 60 destinations, launched a new route from its base in Mumbai to Bangkok on Wednesday.
Gerry Oh, the airline's regional vice president, Click here to read the full story>
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Qatar Airways have plans for an aggressive expansion of fleets with orders for more than 200 aircraft worth over $30bn over the next few years according to its CEO, Akbar Al Baker.
A new wave of aircraft deliveries will begin Click here to read the full story>
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In a major change in its visa policies, India will soon introduce visa on arrival at its airports for foreign tourists, Kanthi Singh, the newly appointed Minister of State for Tourism and Culture of India, told Khaleej Times yesterday.
The move aims at giving a fillip to India’s tourism sector.
Kanthi Singh was Click here to read the full story>
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In the world's largest survey of air travelers - The exhaustive passenger survey of over 14 million air travelers was conducted by the independent UK-based research firm Skytrax between August 2006 and June 2007 using 40 different aspects of passenger satisfaction for each airline's product and service standards.
This independent passenger survey is Click here to read the full story>
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Saroj Datta, 5 other Jet executives resign
At least half a dozen key executives at Jet Airways (India) Ltd, including the airline’s well regarded executive director Saroj K. Datta, are said to be quitting the carrier, India’s largest airline by passengers.
The surprise resignations come at a time when Jet Airways is Click here to read the full story>
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Budget airline AirAsia will fly daily to Trichy in South India from Kuala Lumpur effective October, offering a two-way flight for Rs 5,000 or nearly $125 inclusive of airport tax.
AirAsia chief executive officer Tony Fernandez told Click here to read the full story>
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Domestic air travel is all set to become dearer. With the crude oil prices touching $120 a barrel and Aviation Turbine Fuel (ATF) prices shooting up, airlines have announced that the fuel surcharge per ticket will increase by Rs.150 for short-haul flights and by Rs.350 for long-haul flights.
India’s Click here to read the full story>
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A Director General of Civil Aviation (DGCA) proposal to increase the flight duty time limits (FDTL) of the cabin crew has got the latter huffing and puffing. Although the feedback of the crew members is invited by the DGCA till May 7, the verdict is mostly negative.
The proposal which Click here to read the full story>
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No-frills, budget airlines seem to have lost their lure. Many domestic airlines have had shorter check-in queues and empty seats between January and March, traditionally the peak season for honeymooners.
The last three months have seen a dip in domestic bookings in comparison to the same period last year. The industry expects domestic travel to grow by 25 per cent in 2008 but the first quarter has seen a meagre 10 per cent rise.
Figures released by the civil aviation ministry two weeks ago say Click here to read the full story>
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