Air India braces up for Jet’s Gulf entry

Published on Mon, Sep 17, 2007 at 08:36 |  Source : Moneycontrol.com

Updated at Mon, Sep 17, 2007 at 12:58  

20837 Investors following Jet Airways. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

ALSO READ

 

Gulf route

The Gulf route, over which the state owned airlines have a monopoly, generates large amounts of revenue for them. During 2005-06, the Gulf route was the second largest revenue generator for Air India from among the global routes on which it operates.

The airline earned Rs 1,591.04 crore from the sector in 2005-06.

In December 2004, while allowing private sector airlines to operate abroad, the Union Cabinet had mandated that a moratorium on their flying to the Gulf was to be in place till December 2007.

At present, Air India and its subsidiaries are allowed to operate flights to various regions in the Gulf including United Arab Emirates (UAE), Qatar, Oman, Bahrain, Kuwait and Saudi Arabia.

Late last week the Ministry of Civil Aviation allowed Jet Airways to start operating 70 flights a week to Kuwait, Oman, Qatar and Bahrain from January 1 next year when the ban on private airlines flying to the Gulf is to expire.

Taken from Business Line

thehindubusinessline.in

  

Trending News

Business News

Non profits might soon use domain extensions .ngo and .ong
'Absorption': the most dreaded word in Mumbai realty "'Absorption': the most dreaded word in Mumbai realty"

Bharat bandh: Sharad Yadav detained in Bihar

BREAKING NEWS FY12 GFCF Up 5.5% (YoY) IN CONSTANT PRICES

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 23:16

Clash of Spain and ECB worrying investors: Verstrate

- in FII View

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 31 2012, 10:31 | Source: CNBC-TV18

Rupee fall has hit profits; to repay FCCB in full: Educomp  

May 31 2012, 10:29 | Source: CNBC-TV18

BPCL may cut petrol price by Rs 1.50-2/lt today, says CMD  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!