New Delhi | May 24, 2013 12:08 (IST)
Jet Airways shareholders today approved the 24 per cent stake sale to Etihad Airways for Rs. 2060 crore. However, these shares would be allotted after completion of all regulatory approvals.
New Delhi | May 23, 2013 13:29 (IST)
Separate clarifications have been sought on the deal, which involves a 24 per cent stake purchase in Jet by Etihad and is the first investment by a foreign carrier in an Indian airline, by capital markets regulator Sebi (Securities and Exchange Board of India) and fair trade watchdog CCI (Competition Commission of India).
New Delhi | May 22, 2013 13:40 (IST)
The Competition Commission of India (CCI) has received an application seeking approval for the proposed Jet-Etihad transaction.
Mumbai | May 15, 2013 18:43 (IST)
AirAsia, which is the largest low-cost airline in Asia, has formed a joint venture with Tata Sons and Telestra Tradeplace of Arun Bhatia in a 49:30:21 holding to launch a low-cost carrier in the domestic market.
New Delhi | May 15, 2013 14:33 (IST)
Air India will replace the routes flown by the aircrafts with high-tech 787 Dreamliner jets initially.
New Delhi | May 14, 2013 16:10 (IST)
With the government allowing foreign airlines to invest in Indian carriers, "it is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested", he said.
New Delhi | May 14, 2013 12:29 (IST)
Air India has six Dreamliners and has ordered 21 more. The planes have been grounded worldwide since January following incidents of overheating in the batteries providing auxiliary power. Boeing has since worked to develop new battery housings to prevent a repeat of the incidents.
New Delhi/Mumbai | May 09, 2013 18:42 (IST)
After Air India, private full service carrier Jet Airways today announced revision of free baggage allowance to 15 kgs in economy class from 20 kg on its flights and that of its all economy arm Jet Konnect.
New Delhi | May 09, 2013 18:14 (IST)
Air India has launched test flights of its Dreamliner aircraft, which have been fitted with new battery packs following battery fire incidents in January, as the first of these sophisticated planes was flown from Mumbai to Delhi via Ahmedabad.
Mumbai | May 09, 2013 16:31 (IST)
The airline, in a statement, said it will charge a passenger flat Rs 250 for every additional baggage.
New Delhi | May 09, 2013 14:59 (IST)
The low cost airline will charge the passenger a premium of Rs 500 for sitting in rows one, two, 12 and 13 on a domestic flight and Rs 800 for an international flight under its Indigo Seat Plus plan.
New Delhi | May 08, 2013 16:23 (IST)
Air India has decided to sell five out of its eight Boeing 777-200LR aircraft owing to change in market dynamics due to global recession, steep increase in fuel prices and poor yields on non-stop routes, Parliament was informed today.
New Delhi | May 06, 2013 19:02 (IST)
DGCA last week gave its nod to charge fees for check-in baggage, preferential seats, meals and other 'unbundled services'.
New Delhi | May 06, 2013 18:52 (IST)
"We are going after all assets. The companies' shareholding, the real estate, personal assets, all are targeted," the State Bank of India chief said.
May 05, 2013 11:59 (IST)
AirAsia chief Tony Fernandes will visit India shortly and may meet Civil Aviation Ministry officials, amid reports that the government has raised certain queries on their application seeking official nod to launch AirAsia India operations.
May 02, 2013 17:10 (IST)
Private carrier Jet Airways has sought approval of the Foreign Investment Promotion Board (FIPB) to sell 24 per cent stake in the company to Gulf carrier Etihad Airways, sources said today.
May 02, 2013 16:32 (IST)
US aircraft manufacturer Boeing has agreed to compensate Air India for the grounding of the Dreamliner aircraft due to battery-fire incidents, Rajya Sabha was informed today.
April 29, 2013 19:26 (IST)
Abu Dhabi's Etihad Airways last week agreed to acquire a 24 per cent stake in India's No. 1 carrier Jet, giving it a bigger foothold in the fast-growing aviation market.
April 29, 2013 12:43 (IST)
Global airline sector profit is likely to grow to $7.5 billion this year, with Asia Pacific and Middle East based airlines dominating the international passenger market and leading the way in terms of improved operating margins, according to IATA data.
April 28, 2013 15:48 (IST)
A team of engineers from US aerospace giant Boeing is arriving here on Tuesday to reset the batteries of six Dreamliner aircraft of Air India which are grounded since January after battery fire incidents, sources in the national carrier said.