The New Delhi airport will become the world's most expensive, with its operator GMR Infrastructure Ltd permitted to raise charges, hurting the airport's ambition to become an aviation hub, an
The global aviation industry could run up losses of over $5 billion this year if oil prices spike by more than anticipated in light of the tensions building up over
The proposed increase in user charges, which is expected to be around 340 per cent over the next two years, if implemented, would make Delhi the most expensive airport in
In a move that may provide some respite to Kingfisher Airlines, apex body of global airline industry IATA today said it is in talks with the beleaguered airline on the
The Revenue Department today attached Jet Airways' accounts, maintained by global airlines' body IATA, for non-payment of service tax dues to the tune of Rs 69 crore. "We have frozen
Trouble for cash-strapped Kingfisher Airlines again erupted today with at least 30 flights either being cancelled or clubbed as several pilots and other staffers failed to report for work to
Kingfisher Airlines, which is struggling to stay afloat, today suffered yet another blow with global airlines body IATA suspending it for not clearing its dues.
The ailing carrier said payments
The situation facing Indian carriers has been reflected worldwide with the profits of global airlines declining by a whopping 60 per cent in the fourth quarter this year compared to
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