The airline however faced pressures on its yields. Its average fare declined by 4%, unit passenger revenue by 2%.
The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process.
As per the agreement reached between the promoters of Allcargo and CCI, Allcargo will hold 62% and CCI promoters will hold 38% share in the company.
A person in the know said the flight was diverted after the fire alarm in the cargo hold went off.
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.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon