Aviation News India, Aviation Industry News, Airlines Industry India

Madoff sons reported jewellery violations to U.S.
To seek $2.5bn worth damages from Kuwait for breaking deal
ISM Non Manufacturing Index at 40.6
Pending Home Sales Index down 4% to 82.3
Factory sales fell 5.3% in Nov, biggest drop on record
PSU oil officers strike not to hit ops of most refiners
Oil officers strike not to affect ONGC, Oil India output
Not desperate to enter 3G: Akhil Gupta
High price to affect 3G bids: Sunil Mittal
Crude futures higher; breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait, in Feb
IL&FS Trust: Sold 24.52 million shares (3.6%) since Dec-23
47% of the current promoter stake pledged with lenders
Satyam promoters holding down to 3.60% vs 5.13% earlier
Oct-Dec crude steel output at 1.5MT, up 17% (YoY)
Tata Steel sales decline 14% to 1.07MT
India likely to send representative for OPEC meet in Feb
SRSR Holding's stake down to 3.5% vs 5.13% in Satyam
Goldman Sachs cut China GDP forecast to 6%
Saregama India gets into big budget film production
Weak Q3 earnings reflecting current stock prices
Crude futures higher;breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait in Feb
Strike not to hit operations of most refiners
Strike not to affect ONGC, Oil India output
December exports to fall 1.6% (YoY): Sources
Apr-Dec exports at $130bn vs $113bn (YoY): Sources
India FY'09 export seen at $175bn: NW
Rupee closes at 48.69/$ vs 48.56/$ on Monday
Meet to discuss the demand supply situation: Sources

Updated: 02/01/09 | 04:58 PM IST

Aviation

Department of Telecom gearing up for the 3G spectrum auction as per schedule on January 30 and has left it to the Cabinet Committee on Economic Affairs to take a call on the reserve price for a pan-India 3G licence.

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JetLite reduces fares by up to 40%

Low-cost carrier JetLite Airways, a wholly-owned subsidiary of Jet Airways, on Tuesday slashed fares on all sectors by up to 40 per cent with immediate effect.

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Air India slashes domestic fares by up to 80%

National air-carrier, Air India on Tuesday slashed its basic air fares in the domestic sectors ranging 35-82 per cent. The fare cut was effective from Tuesday.

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Jet slashes domestic fares by up to 40%

Country's largest private ailrline Jet Airways has announced up to 40 per cent reduction basic fares on economy class on all its domestic flights from Monday.

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Cut ATF tax, we’ll reduce fares: Mallya

Kingfisher Airlines Chairman Vijay Mallya on Friday indicated that unless the government brought down the sales tax on ATF to four per cent, airlines in the country would not cut domestic air fares.

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Govt gets tough on defaulting airlines

The government today said it has instructed the Airports Authority of India (AAI) to take all possible steps, including legal action, against defaulting airlines to recover total dues of Rs 1,101.97 crore.

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Kingfisher rules out fare cut in near-term

Private air-carrier, Kingfisher Airlines, on Monday said that there was no case for reducing its air-fares in the immediate term.

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Kingfisher rules out any fare cut soon

Private air carrier Kingfisher Airlines today said that there is no case for reducing its air fares in the immediate term. However, once the Government brought aviation turbine fuel (ATF) under the "Declared Goods" category, it would immediately and significantly reduce fares, a Kingfisher Airlines spokesperson said.

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Patel tells airlines to cut fares

It is payback time for the India's private airlines. With significant reduction in jet fuel prices, Civil Aviation Minister Praful Patel on Tuesday asked airlines to reduce fares.

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Airlines should cut fares: Patel

The Union Civil Aviation Minister said on Tuesday that Indian carriers should pass on the benefit of lower aviation fuel prices to the customers.

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Global Crisis

Export woes deepen, contracts 1.6% in Dec

Exports fell for the third straight month, posting a negative growth of 1.6 per cent in December 2008 as demand from key markets continued to remain sluggish.

More : Export units to lose 1 cr jobs by March: FIEO | Toyota to halt Japan output for 11 days | US bankruptcy filings jump by 33% in '08

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