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InterGlobe Aviation drops over 6% after muted Q4 result

May 02, 2016 at 10:55 | Source: FirstPost

Mumbai: Shares of IndiGo's parent InterGlobe Aviation plunged over 6 per cent after the company's net profit remained flat at Rs 579.31 crore in the three months ended March.After opening on a weak note, the stock further slipped 6.42 per cent to Rs ...

Airbus A320neo hit by hydraulic system problems| Reuters

Apr 25, 2016 at 23:15 | Source: FirstPost

PARIS Airbus is facing a second category of technical problems with some of its family of A320neo aircraft on top of previously reported engine glitches that have delayed deliveries of its latest medium-haul jet, industry sources said on Monday.The p...

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley

Apr 16, 2016 at 12:54 | Source: FirstPost

Questioning the "business model" of long-grounded Kingfisher Airlines for Vijay Mallya's mounting woes, Finance Minister Arun Jaitley has said the airline sector as such is doing well in India with many carriers making good profits.Mallya, ...

Govt got shareholder pact in Jet-Etihad deal amended, why did it slacken in AirAsia's case?

Apr 15, 2016 at 18:21 | Source: FirstPost

Ever since AirAsia BhD teamed up with Indian investors to start an airline from scratch in 2013, the venture has been a target of frequent attacks from vested interests. India's airline industry is notorious for taking care of its own and hounding ou...

IndiGo, Reliance AMC among 22 others adjudged best Indian employers: Aon Hewitt

Apr 05, 2016 at 18:29 | Source: FirstPost

New Delhi: As many as 25 companies including IndiGo, Tata Communications and Reliance Asset Management Company (AMC) are among the best employers in India, according to a report by global HR consulting firm Aon Hewitt.The Aon Hewitt Best Employers st...

Srinagar-Delhi IndiGo aircraft taken into isolation, 10 flights grounded after bomb threat

Mar 23, 2016 at 19:22 | Source: FirstPost

A Srinagar-New Delhi IndiGo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the IndiGo call centre in Chennai.Acco...

10 IndiGo flights get bomb threat: Srinagar-Delhi aircraft detained and taken into isolation

Mar 23, 2016 at 17:37 | Source: FirstPost

A Srinagar-New Delhi IndiGo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the IndiGo call centre in Chennai.Acco...

Srinagar-New Delhi Indigo flight taken into isolation following bomb threat; airline receives 10 such threats

Mar 23, 2016 at 17:15 | Source: FirstPost

A Srinagar-New Delhi Indigo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the Indigo call centre in Chennai.Acco...

Air passenger traffic grew 24% in February to 74.76 lakh people

Mar 18, 2016 at 17:38 | Source: FirstPost

New Delhi: Marking a growth of over 24 percent in passengers number, domestic airlines flew 74.76 lakh people in February with majority of the carriers recording over 80 percent seat occupancy.In February last year, the carriers had ferried 60.16 lak...

5/20 flying norm stuck: Civil aviation policy gets delayed, likely to take off in early FY17

Mar 16, 2016 at 18:14 | Source: FirstPost

The new civil aviation policy is expected to be finalised early next financial year with the government still working on certain issues including those related to the 5/20 international flying norm.The draft policy was unveiled in October last year a...

AirAsia's Tony Fernandes applies for OCI status, says would be same as Naresh Goyal soon

Mar 16, 2016 at 18:01 | Source: FirstPost

Hyderabad: Amid concerns in certain quarters over the control of no-frills airline AirAsia India,Malaysia-based AirAsia Group's chief Tony Fernandes on Wednesday said he has applied for Overseas Citizen of India (OCI) status.AirAsia India is a three-...

Civil aviation policy delayed, likely to take off in early FY17 as govt still working on certain issues

Mar 16, 2016 at 16:29 | Source: FirstPost

The new civil aviation policy is expected to be finalised early next financial year with the government still working on certain issues including those related to the 5/20 international flying norm.The draft policy was unveiled in October last year a...

Civil aviation policy gets delayed, likely to take off early next fiscal

Mar 16, 2016 at 15:21 | Source: FirstPost

Hyderabad: The new civil aviation policy is expected to be finalised early next financial year with the government still working on certain issues including those related to the 5/20 international flying norm.The draft policy was unveiled in October ...

SC asks Swamy to implead private airlines in challenge to Jet-Etihad deal

Mar 15, 2016 at 23:35 | Source: FirstPost

New Delhi: The Supreme Court on Tuesday asked BJP leader Subramanian Swamy to implead other private airlines who would be affected in the likelihood of its cancelling the agreement between India and UAE allegedly permitting Etihad Airways to carry mo...

Lessons not learnt from Kingfisher mess: At Rs 51,000 cr, Air India has highest debt in sector

Mar 14, 2016 at 18:10 | Source: FirstPost

New Delhi: Vijay Mallya is the target of all-round ridicule for taking large loans from banks to run Kingfisher Airlines, defaulting on these loans and then cocking a snook at feeble recovery attempts by banks and government agencies. Kingfishers dem...

IndiGo receives first Airbus A320neo after delay | Reuters

Mar 11, 2016 at 23:30 | Source: FirstPost

PARIS Airbus has delivered its second revamped Airbus A320neo to Indian budget carrier IndiGo, gaining a new operator two months after it went into service with Germany's Lufthansa, the European planemaker said on Friday.Deliveries of the re-engined ...

Mismanagement killed Kingfisher but policy, regulatory hurdles also hastened its demise

Mar 11, 2016 at 16:16 | Source: FirstPost

Vijay Mallya has assured us through a series of angry tweets last night that he is no quitter, that he will follow the process of law in India. He has also indicated there is no need to question his assets since these are in the public domain, thanks...

AirAsia, Vistara's wait for relaxation of 5/20 norm gets prolonged as govt still undecided

Mar 09, 2016 at 18:30 | Source: FirstPost

Caught in a bind over the '5/20 norms' for domestic carriers to fly overseas, the government today conceded the demand of the promoters of old airlines for a "patient" hearing on the issue even as it said no decision has been taken on the f...

Civil aviation policy: Ministerial panel for replacing 5/20 rule

Mar 04, 2016 at 22:55 | Source: FirstPost

New Delhi: An inter-ministerial panel is understood to have recommended replacing 5/20 international flying norms for domestic carriers, amid bitter tussle between old and new airlines over continuing with the regulation. The committee, chaired by Ho...

As 5/20 flying rule drags on, civil aviation min to hold another 'informal' meeting on policy

Mar 02, 2016 at 15:10 | Source: FirstPost

New Delhi:Intense lobbying by incumbent airlines against any move to ease overseas flying restrictions may have miffed the Tatas and civil aviation experts but it has achieved one thing: the Civil Aviation Policy is once again delayed as ministers of...

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