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In order to make aviation charges structure more transparent, the aviation ministry has asked all carriers to disclose the total amount of charges paid by passengers. The move is believed to be welcomed by air travelers as they will now be able to have access to the surcharges paid by passengers besides the basic fare. [...]
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In a bid to cut its staggering salary bills Air India has come up with a voluntary leave scheme that will allow its employees to go on a non paid leave for two years. This leave period can also be extended by another 3 years subject to the approval of the management. It is interesting [...]
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Aviation industry saw a massive drop in the number of passengers (of 12%) and in load factors (by 60%) in the month of March. India’s biggest private sector aviation player Jet Airways also felt the pinch of this staggering pull back in the aviation industry. It has been learnt that the airline major is shutting [...]
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The turmoil of financial crisis is on and it is now showing up its sign on the Indian Aviation industry. With many firms around the globe laying-off its workforce in order to cut cost, Air India on Wednesday made a remark that it is also considering to layoff its 15000 employees of the staff for [...]
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After the yesterday’s evening announcement of Jet Airways Chairperson Naresh Goyal, to pull out the decision of laying-off 1,900 employees from the company, Civil Aviation Minister of India, Praful Patel said that the decision of reinstating employees comes after the company was pulled up by the ministry, according to a Times Now report. Patel said [...]
Promoter of Kingfisher Airlines, Vijay Mallya on Saturday made an announcement regarding the reduction in salaries of 50 trainee co-pilots of Kingfisher. He referred it as another move towards the cost cutting measure to overcome from the financial turmoil currently shaking up the Indian Aviation Industry. No further specifications are provided by the company with [...]
Airlines companies in India suffering from the financial crunch heaved a sigh of relief with the decision that they are allowed to clear off their fuel bill dues in equated monthly installments until March, 2009. It is worth mentioning that air carriers owe a sum of Rs 2,500-2,800 crore to the oil companies. The decision [...]
Indian Prime Minister Manmohan Singh has stepped in between the matter of private airlines and state-run oil companies regarding the unpaid fuel bills. Manmohan Singh has asked Murli Deora, Petroleum and Natural Gas Minister, and Civil Aviation Minister Praful Patel to look into this matter and resolve it as soon as possible. Singh is believed [...]
It seems that major airlines may go in for fare cuts in January and the low traffic volumes are pushing their hands. The first of the block may be Air India which is likely to be followed by Kingfisher and Jet airlines. With price of Air Turbine fuels remaining at comfortable labels airlines believe that [...]
Air India, the leading airlines carrier of India, today announced the cut in the domestic airfares following a continuous sheer decline in fuel prices in the global oil market. The airline has initiated this fare cut by decreasing the fuel surcharge. The airline has cut basic fares ranging from 35 percent to 82 percent on [...]