Govt's move to control purchase of aircraft by private airlines and may push flights to smaller cities under a controversial set of rules.
SpiceJet, the third-largest airline in terms of market share, is also expected to announce a similar move shortly, sources said.
Aviation Ministry is in no mood to lie low to FM's decision of giving Air India a sovereign guarantee based on its performance.
Shares of Jet Airways and SpiceJet, which had gained last week on FDI hopes, tumbled today on news about discount pricing.
Air India, Jet Airways fight for market share, announce up to 40 per cent discount for festival season
AI and Jet Airways hope to gain more market share this festival season by announcing up to 40 per cent discounts on tickets booked a month in advance.
Pilots of erstwhile Indian Airlines, unionized under the ICPA, have issued a legal notice to the AI CMD Rohit Nandan protesting implementation of new FDTL from Sept 11.
FDI in aviation: Policy change will elevate mood of the sector, says Ajit Singh, Minister, Civil aviation
The minister feels the new foreign investment policy is not a panacea for all the problems being faced by the airline industry, but a big and important step forward.
The airline has sought this amount in addition to the Rs 10,600 crore that it is supposed to get this year.
The new management at Air India is not afraid of losing passengers due to fare hikes as airline CMD Rohit Nandan hinted at more price revisions.
Air India's four-year-long nightmare came to an end on Saturday when its first B-787-Dreamliner aircraft-touched down at the Indira Gandhi Airport at New Delhi.
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