Pakistan's national carrier grounds 11 aircraft due to financial crisisPakistan International Airlines (PIA) has grounded 11 aircraft, including three Boeing 777s, due to a lack of funds for parts replacement. ...
Short of pilots, IndiGo asks ATR to defer deliveryIndia’s biggest airline by market share signed a pact for 50 ATR 72-600 planes last year. It had received 12 planes as of September and was...
Morgan Stanley slashes RBL target in 11 days after raising it; stock tanks 7%RBL Bank had rallied nearly 80 per cent since its listing on August 31, 2016.
Call to link smaller towns saw ATR’s second comingATR planes saw a period of lull in the Indian markets for the last few years as airlines shied away from smaller towns and deployed maximum...
IndiGo deny charges of poaching pilots with 'open offers'IndiGo has, rubbished the allegations of poaching pilots and technical staff. "We haven't approached anyone yet," said IndiGo spokesperson ...
Flight PK-661's left engine malfunctioned, says initial reportWhile flying smoothly at 13,375 feet, the left engine of the plane malfunctioned, exploded and damaged a wing, Dawn reported.
Low-cost regional flights take off as states tie up with Air India subsidiaryA number of state governments are in talks with Alliance Air (AA), a subsidiary of AI, to connect big cities with small towns.
Air Pegasus to connect Chennai, Hyderabad, Tuticorn and PuducherrySince its inception, it has connected Bengaluru to the four cities of Hubli, Trivandrum, Madurai, Kadapa and flying over 30,000 passengers.
Air India turns to banks, financial institutions for financing Dreamliner purchaseAir India is seeking these funds on floating as well as fixed interest rates or both, said the Invitation of Offers document posted on its ...
Commercial papers fast replacing conventional bank loans“CPs can substitute only a portion of bank finance. It will keep going up and down,” said B Sriram, managing director and group executive, ...
PNB December quarter net profit down 42 per cent at Rs 755.41 croreThe state-run lender had recorded a profit of Rs 1,305.62 crore for the quarter ended December 31, 2012.
Sobha Q2 net profit up 13% at Rs 56.6 crSobha Developers today reported 13 per cent increase in consolidated net profit at Rs 56.6 crore for the quarter ended September 30 on high...
AERA turns down GVK proposal to hike UDF at Bengaluru airportThe AERA has turned down BIAL's proposal to increase UDF by 239% for domestic and 79% for international departing passengers from the airpo...
Wage negotiations still on with employees, says Jet AirwaysJet Airways, which recently faced labour unrest from a section of its technicians on wage issues, today said it was in discussion with the ...
Lenders to Suzlon demand to raise equity of Rs 5,000 crore or sell REpowerThe lenders will agree to lower interest rates and extend the tenure of the loans to ease pressure on the company's finances only if it she...
- Jet Airways to induct new ATRs into fleet
To bolster its regional connectivity, country's second largest carrier Jet Airways today said that it plans to induct five ATR 72-600 serie...
- Philippine airline to buy 3 Bombardier aircraft
Air Philippines, a low-cost sister company of national flag-carrier Philippine Airlines (PAL) said Tuesday it is buying three turboprop air...