Damania last month visited grounded southern regional carrier Air Pegasus which has been struggling for funds, delaying payments and trying to raise cash.
The RCS stipulates that the air tickets under a one-hour flight will be capped at Rs 2,500, and the VGF will take care of the rest of the operational cost.
India will start negotiations on foreign flying rights with Nigeria, Dubai, Thailand, Saudi Arabia and Cambodia to add more seats on the routes.
Like IndiGo, Prock-Schauer acknowledges that placing big orders is smart since it leads to incentives and of course benefits on sale and leaseback transactions.
According to sources Vistara is considering an ‘invitation-only’ card which will be given for free to the so-called ‘who's who’ of the country.
Cut-throat airfare wars and heavy discounts may be good news for customers, but it is hitting bottom lines and all but negating the positive impact of lower fuel prices.
India’s ecomm scene is centred on big players like Flipkart and Snapdeal. But a growing bunch of small businesses tells an equally compelling story.
Air Costa on Wednesday paid pending June salaries to its pilots and other employees, barely a day after ET reported the airline had delayed payments.
A person in the know said the highest salaried employees in the airline--pilots and some of top management, who earn between Rs 5-8 lakh--had faced a delay.
India's second biggest airline by market share posted a net profit of Rs 103.14 crore for the April-June quarter compared to from Rs 221.70 crore a year earlier.
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