The Directorate General of Civil Aviation (DGCA) has recommended giving financial autonomy to Air India Charters Ltd (AICL), the company which runs Air India Express, the low-cost brand of Air India operating in the international sector.
But says the airline will have to meet targets to get fund.
In what could mean a big investment opportunity for the construction industry in the years to come, the road transport ministry plans to more than double private participation in highway construction during the 12th Five Year Plan starting April 2012.
The SOEC clause says only airlines owned by a country or its citizens can fly from the nation concerned to India and use the quota of seats allotted under a bilateral pact between the countries.
As the manager of a chunk of the country's airports, state-owned AAI is seeking an expansion in the norms to use its land on the city side of any airport for services that are not aviation-related. As of now, the AAI Act allows an airport operator to use land only for aviation-related services.
Yatra.com estimates that such discounts have led to some 20 per cent increase in return-ticket bookings with the same airline.
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
The move was being made considering the poor flight services in the region comprising Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim, Planning Commission member B K Chaturvedi said.
NHAI had earlier planned to go for private placement in order to raise funds faster but later decided to go in for the public issue due to the prevailing interest rate scenario.
The Gurgaon-based carrier, which started its regional operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
The Airports Authority of India (AAI) has asked for selective exemption from the order to seek permission from the Union cabinet before the sale or long-term lease of any land of the government or a government-controlled statutory body.
Expressway construction is part of the sixth phase of the National Highways Development Programme.
In December 2005, AI had ordered 111 aircraft worth Rs 46,000 crore.
AERA says airport operator must go on its own to avoid revenue-sharing.
Formation of profit-making units and shifting of staff are key components of the turnaround plan.
The estimated cost for building T-3 went up from Rs 8,975 crore (Rs 89.75 billion) to Rs 12,700 crore (Rs 127 billion) during the 37 months it took. In March 2009, the operator was allowed by the civil aviation ministry to collect an ADF for 36 months, to recover an estimated Rs 1,827 crore (Rs 18.27 billion).
Considers bidding for Barcelona, Madrid airports; may rope in local partner.
With the Reserve Bank of India raising its key policy rates for the 11th time since March 2010 on Wednesday, banks are also expected to increase their lending rates.
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