India has so far failed to utilise its potential to become a hub due to policy paralysis and high costs. But AirAsia is hopeful that will change.
Its CEO said the airline posted a net profit last fiscal year and is ready to roll out its new brand of business class seats in October.
"The ministry of civil aviation has informed that Air India and Jet Airways have issued orders to divert their flights from the conflict zone of Ukraine."
The Economic Times tracks how the business of flying people is yet again adjusting to threats from missiles and machine guns.
Entry of new airlines, addition of routes, new airports, etc., have opened up employment opportunities in industry despite weak air travel demand.
Despite Etihad's $600 mn, Jet Airways' decline continues. If Goyal has to raise capital, he may have to sell some of his 51% share to Etihad. Will he?
With a fleet of 79 leased Airbus A320 planes, IndiGo isn't an asset heavy company, but it has also one of the lowest debt levels in the industry.
The amount is higher than last year's tranche of Rs 6,000, but lower than the over Rs 7,000 support the airline had asked for.
"India had in 2006 decided to modernise 35 non-metro airports. Of that 33 have been completed while work at Khajuraho and Vadodara is on."
The budget carrier will, between July 8 and 10, sell a million seats at base fares of Rs 999 for travel between 6th January and October 24th, 2015.
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