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Despite bottom line pressure, financial year 2017 to be the best for airlines

Despite bottom line pressure, financial year 2017 to be the best for airlines

Airlines are likely to close the outgoing financial year with 22-23 per cent traffic growth, making it one of the best for the sector, even though the pressure on their bottom line is increasing as oil prices are on a northward-ho, says a report.

Can a Middle-Eastern suitor fly in for Air India?

Can a Middle-Eastern suitor fly in for Air India?

With the buzz on the privatisation of state-owned airline Air India (AI) erupting again, aviation experts say it was the right time for such a move but wondered whether investors’ would have the appetite for it or whether politically and strategically it would be the right overture.

Jet, SpiceJet raise concerns over foreign ownership in India skies

Qatar Airways’ plans of launching a domestic airline in India may have hit an air pocket even before it took flight with Jet Airways and SpiceJet raising red flags over allowing foreign players in the domestic circuit.

AirAsia announces discount on domestic, foreign travel

AirAsia announces discount on domestic, foreign travel

Malaysian no-frills carrier AirAsia today announced discounted fares, starting as low as Rs 899 for travel within India and Rs 4,999 for international flights for a limited period.

Shun oversized bags for performance limited airports: DGCA

Shun oversized bags for performance limited airports: DGCA

Aviation regulator DGCA has asked airlines to disallow oversized hand baggage on flights operating to airports having operational limitations as part of safety norms.

Banks want Vijay Mallya to spell out one-time settlement offer

Banks want Vijay Mallya to spell out one-time settlement offer

Banks to whom embattled tycoon Vijay Mallya on Friday offered a negotiated one-time settlement of their dues want him to spell out how much he is ready to pay up.

Aviation Ministry seeks PMO Help for early clearance from Home Ministry

Aviation Ministry seeks PMO Help for early clearance from Home Ministry

The aviation secretary has sought help from the Prime Minister’s Office to reduce the time to get security clearance for its proposals, a clear indication of growing frustration within the ministry over its plans getting stuck at the home ministry.

Centre’s ambitious UDAN scheme is likely to give wings to aviation and allied sectors

Centre’s ambitious UDAN scheme is likely to give wings to aviation and allied sectors

In an interesting development, the Union Cabinet recently approved a plan to spend Rs 4,500 crore to develop and upgrade 50 under-served or un-served airports and airstrips in order to boosting regional air connectivity (RAC) scheme, called UDAN .

Air India understated losses significantly, says CAG

Air India understated losses significantly, says CAG

Air India reported an operating loss of ₹321 crore during fiscal 2016, the Comptroller and Auditor General (CAG) of India, the government auditor said on Friday.

Six reasons why Air India is going downhill

Six reasons why Air India is going downhill

The Comptroller and Auditor General of India ( CAG) pointed out numerous holes in the government version that state-owned Air India is on a path to turnaround its fortunes. In its audit of the Turnaround Plan and Financial Restructuring Plan of the airline, the auditor said that the airline has failed to achieve many of the objectives in various functional areas mandated under the financial restructuring plan which provided equity infusion of Rs 30,231 crore till FY21.