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DGCA gives clean chit to AirAsia India

Regulator says commercial agreement with AirAsia Malaysia doesn't violate norms

AirAsia India to double revenue, traffic this year

However, profitability to remain under pressure due to the investment in building of capacity

Air India looks at leasing more aircraft to add tailwind to frequency

Among narrow-body aircraft, airline will lease 29 Airbus A320 while phasing out 14 from its fleet

T1 to upgrade: From February, fly to other metros from Delhi's T2

T1 to undergo renovation; low-cost airlines opposing the plan citing inconvenience to travellers

UDAN bids for 43 airports, most airlines yet to agree on surcharge

Levy for up to 1,000 km of a scheduled flight will be Rs 7,500, Rs 8,000 for a 1,000-1,500-km flight

Two Mumbai airport officials suspended over fudging on-time data

The finding gives weight to IndiGo's claim, which raised questions over computation of its OTP data

Ministries bat for lower GST rate for airfares, leather, cement sectors

A committee of officials is looking at segment-wise GST rates

Govt might cut import duty of small aircraft

Thanks to the response, import duty on aircraft may be reduced, says Civil Aviation Secy

India to seek airport slots for its airlines in future bilaterals

Move follows repeated complaints by airlines they're being overlooked in terms of peak time slots

Computing process fudged? IndiGo questions on-time data at Mumbai airport

On-time performance is used by airlines to track punctuality of their flights.

EPF to NPS transfer proposal stuck

A legal change to allow EPFO members to switch to the NPS

Tata board wants Vistara to stop premium economy if it remains unviable

A senior executive of the airline said average occupancy in premium economy has been around 70%

Pension pinch

Central Board of Trustees, fixed 8.65% as the interest on EPF deposits for FY17

Air India to get only Rs 80 cr as additional budget support

Air India is on a Rs 30,000 crore government bailout package and has till now received Rs 23993 crore in equity including Rs 1713 crore investment this year

40 million subscribers will now get a 4-year low interest rate of 8.65% on PF deposits

Central Board of Trustees took this decision in light of low surplus; fulfil aim of lowering interest rates on other saving schemes

It's a quiet holiday season in beaches & hills

Demonetisation is restricting travel of both Indian and overseas tourists

Make Aadhaar mandatory for booking tickets: Airlines to govt

Their request stems from the fact that they can't reach passengers as portals refuse to share contact details

Airlines stare at shortage of engineers

Faced with a severe shortage of fresh talent, AIESL decided to rehire 150 retired Aircraft Maintenance Engineers

Red ink spreads on Air India's books

Operational loss Rs 460 cr in July-Sept and outlook also uncertain due to demonetisation; temporary factors, says management

IndiGo pads up to fly around foggy weather

Country's largest airline has set up a centralised unit to minimise disruptions