The new FDI policy issued on April 1 has retained the 74% ceiling on non-scheduled air transport services, chartered and cargo airlines, and ground handling services.
Air India will shift its international hub to Delhi airport’s swanky new terminal 3 (T3) from Mumbai, under a deal that will help the debt-ridden national carrier cut costs by almost a third.
Air India's plans of joining the global airline network Star Alliance could get delayed again as the air carrier has not been able to get its employees appropriate training.
Due to the urgent requirement, the ministry has begun recruitment on a short-term contract basis, which is for one year and extendible.
Softening of the prices of jet fuel, better known as the aviation turbine fuel or ATF, is not likely to translate into a cut in airfares.
TASL has forged a joint venture with US-based defence major Lockheed Martin Corporation for manufacture of defence equipment and aircraft parts.
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