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| Air India to get equity infusion: Patel | 12-NOV-09 |
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| The government would infuse additional equity into ailing Air India provided it saves at least Rs 2,000 crore this financial year by implementing cost-cutting measures, Civil Aviation Minister Praful Patel said today. |
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| Air India FY09 net loss at Rs 5,548 cr | 11-NOV-09 |
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| Burdened by high fuel and labour costs, cash-strapped Air India suffered a net loss of Rs 5,548 crore in 2008-09, as its total revenue declined by around Rs 2,000 crore compared to the previous fiscal. |
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| AI board meets tomorrow; may scrap PLI to mgmt | 10-NOV-09 |
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| "The main agenda is adoption of accounts for the previous financial year," sources close to the development said. The meeting, to be held in Chennai, is also likely to discuss route and capacity rationalisation as part of the cost-cutting proposals. |
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| Jet pilots challenge mandatory 6-months notice period at HC | 01-NOV-09 |
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| Society for Welfare of Indian Pilots, a body claiming to represent over 790 pilots of Jet Airways, has dragged the government and the Naresh Goyal promoted carrier challenging the six-months notice period required to be served before leaving the airline. |
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| Aviation industry sees 20% less aircraft acquisition | 26-OCT-09 |
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| The Indian aviation industry, hit by the global economic meltdown and mounting losses, acquired 20 per cent less aircraft in the first nine-months of calendar year 2009 at 132 aircraft against 164 aircraft in the year-ago period, according to Directorate General of Civil Aviation (DGCA) data. |
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| 'Full-service airline costs are double ours' | 23-OCT-09 |
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| The Indian aviation industry, which accounts for 2 per cent of the global aviation industry, suffered losses of Rs 10,000 crore in 2008-09. The industry is, however, now looking up, feels SpiceJet Chief Executive Officer Sanjay Agarwal. Speaking to Surajeet Das Gupta and Mihir Mishra, Agarwal claims his airlines has all the right ingredients of a successful airline — low-cost airlines, he says, are performing much better than their full-service counterparts. |
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| Air India chief talks to employees' unions | 15-OCT-09 |
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| In an effort to enlist support for various cost cutting measures, including cut in productivity-linked incentives (PLI) of employees, Air India Chairman-cum-Managing Director Arvind Jadhav today held a series of meeting with various employees unions here. |
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