The European entity, which represents the cargo business of five airlines, garners around 10 per cent of its global export revenues from India.
The relatively low level of passenger traffic to Kuala Lumpur may have limited appeal for the country's airlines, but could prove a valuable opportunity for Air India's no-frills arm
As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses.
Aiming to promote greater air connectivity in remote areas, the government proposes to build more low-cost airports across the country, identifying the low-cost business model in domestic aviation as a 'key trend'.
Airtel has put up a pre-order page for the flagship handset from Apple. The mobile carrier has listed the 16GB version of the handset, which is available for Rs 45,500.
It now appears that Airtel has begun testing samples of nano-SIM cards that can be used with this handset.
With the very recent announcement of the iPhone 5, many people are wondering when exactly the smartphone will make its way to India.
Spicejet has been approached by several Gulf-based and Southeast Asian airlines but will not jump into negotiations until the government reaches a crucial decision on foreign investment, its chief executive said on Wednesday.
CNBC-TV18's Rituparna Bhuyan reports that according to sources, the draft Cabinet proposal on the 49% FDI in the aviation sector is ready and comments from ministries have begun to flow in.
The government seems to be pushing ahead with its plan to open up the aviation sector. Sources informed that the finance ministry has given its nod for foreign airlines to buy up to 26% stake in Indian carriers, reports CNBC-TV18’s Aakanksha Sethi.
The cabinet will shortly consider a proposal to allow foreign airlines to pick up stakes in cash-strapped domestic carriers, local media reported on Monday, citing unnamed government officials.
International Airlines Group (IAG), formed by the merger of British Airways and Iberia, may consider investing in Indian carriers if foreign investment rules are relaxed, its chief executive said on Tuesday.