Shares of Indian airlines surged 7-12% ahead of a crucial meeting of a group of ministers in New Delhi that would consider allowing foreign carriers to invest in the beleaguered
Civil Aviation Minister Ajit Singh has said that the government will not cancel licences of cash-strapped carriers on safety concerns, a newspaper reported on Friday.
The comments come even as
Arvind Jhadav is being removed as Air India's Chairman and Managing Director with the government deciding to split the post into two and appoint Civil Aviation Secretary Nasim Zaidi as
Industry body Associated Chambers of Commerce and Industry of India (Assocham) today called for streamlining various taxes to encourage aviation Maintenance, Repair and Overhaul (MRO) facilities in the country to
Thousands of passengers remained stranded with Air India operating only 50 of its regular 320 flights as the strike by the pilots entered its third day today amid no sign of reconciliation.
Civil aviation minister Vayalar Ravi will meet finance minister Pranab Mukherjee on Tuesday to seek Rs 2000 crore equity infusion into Air India (AI). The national carrier has already obtained
Market sentiments are likely to remain positive this week. Analysts say inflow of liquidity will remain strong and there is a good possibility that benchmark indices may reach all-time
A decision on infusing Rs 1,200 crore as equity into Air India to strengthen its balance sheet is likely to be taken by the end of this month, official sources
Stay informed on our latest news!
