National carrier Air India was forced to ground over 50 or 10% of its total flights on Thursday as oil companies refused to supply jet fuel to the cash strapped airline on credit.
Destinations in the Asia Pacific region are going to see most increase in airfares at 10%, followed by Europe, Africa and Middle East at 7% hike.
Air India and Kingfisher Airlines have agreed to pay their dues to Bangalore-based GMR, which runs the Delhi and Hyderabad airports, through a repayment plan, helping them to tide over the cash-and-carry arrangement from June 1.
The government plans to impose penalty interest on airlines defaulting on payment of airport development fees.
Jeh Wadia, the younger son of Wadia group chairman Nuslia Wadia, will make a formal announcement on the appointment of the new CEO next week.
Cash-strapped Air India was forced to ground 20 flights on Friday after oil companies refused to supply jet fuel for non-payment of dues.
Boeing has offered to pay $500 million to Air India as compensation for the delay in deliveries of new-age B-787 Dreamliner aircraft.
National carrier Air India's promotional scheme offering reduced fares has triggered a price war among airlines, bringing cheers for holiday travellers
The national auditor has rebuked Air India for violating norms to dole out performance-linked incentives to its employees for many years.
The Competition Commission of India (CCI) has decided to probe why all domestic airlines raised airfares during the 10-day period of Air India's strike.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon