Loss attributed to high operating costs, lean season
10-12% of the Indian market contributes to Air Arabia's passenger and revenue
Jet Airways plans to increase capacity on international routes by reconfiguring existing aircraft and adding new ones
Will add four new planes by April, with 30 seats extra in each, five existing planes to be reconfigured
Eyes 20% growth in outbound travel
Weakness in overseas business remains
JV partner Yazaki Corp to acquire Tata's 50% stake in Tata Yazaki
Share price of group holding company United Breweries Holding Ltd (UBHL) rose 4.36 percent at Rs 131 on BSE
The contract envisages managing non-aeronautical commercial operations at Bali airport
In the last summer schedule Indian airlines were allowed to operate 1,074 services per week, the number of services have been increased to 1,526 for next summer 1,695 for next winter
Last month Suzlon defaulted on redemption of FCCBs worth $220 mn after bond holders rejected request for extension
Airline companies though are offering seats at 20-30% premium but anticipate lower occupancies due to the hike this month
Though prices of airline tickets have risen over the previous two quarters, this hasn't dampened customers' spirits
Profits have slumped despite a strong growth in outbound leisure business in what is traditionally a weak quarter
Indians are indeed spending big on luxury cars, plush homes and taking more foreign trips than before
High interest costs and lower incomes despite strong volume growth take toll on bottom lines
Move part of co's strategy to sell non-core business units, reallign business portfolios
However, airline's executives, pilots yet to receive salary
Balasaheb's son faces leadership test, has tough task of keeping party together