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BUDGETARY SUPPORT FOR AIRLINES
100 days of Iran war: India must brace for broad-based economic shockIn a volatile turn of events, escalating strikes between Iran and Israel are sending shockwaves that may reach India’s economy. As the spec...- Govt's new ATF pricing mechanism to fix Delhi fuel price at Rs 115/litre for airlines: Civil Aviation MinistryA new fixed Aviation Turbine Fuel (ATF) pricing mechanism will set a uniform selling price of approximately Rs 115 per litre in Delhi for b...
- Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 croreThe Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in bu...
- Cabinet approves Rs 10,000 crore for ATF price stabilization fundThe Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund. This fund aims to protect airlines and pas...
- No government financial support planned for fuel retailers' petrol, diesel, ATF lossesThe Indian government has declared its stance not to offer financial assistance to its state-run fuel companies, which are currently in the...
- Cabinet clears Rs 30,640 crore package for connectivity, immigration revamp, climate targetsIndia is set to boost regional air travel with the revamped UDAN 2.0 scheme. This initiative will develop 100 new airports and 200 helipads...
- Cabinet clears UDAN 2.0 with Rs 28,840 crore outlay; 100 new airports plannedThe Union Cabinet has given its nod to the modified UDAN 2.0 scheme. This initiative aims to boost regional air connectivity across India. ...
- New funding routes on regional flight map: Budgetary support, other options on cardsThe government is exploring new funding mechanisms for its regional air connectivity scheme, UDAN, including direct budgetary support to ai...
- Airport readiness first stop in UDAN course correctionThe Centre is revising its regional air connectivity scheme, emphasizing airport readiness before seeking airline bids. Financial support m...
- National Small Savings Fund gives Air India Rs 1000 crore lifelineAI had sought a Rs 2,121-crore equity infusion from the state after the unsuccessful divestment bid.
- Air India disinvestment will not happen in near future: Government official tells parliamentary panelA Turnaround Plan (TAP) as well as a Financial Restructuring Plan (FRP) were approved for Air India by the previous UPA regime in 2012.
- Air India again delays salaries; employees yet to get pay for JulyAir India is yet to sent out any specific communication on when the payments are likely to made.
- Civil Aviation Ministry gets 22% more budgetary funds for 2017-18Out of the ministry's total allocation, a good chunk will be for Air India, which is to get Rs 1,800 crore.
- Parliament passes Interim Rly Budget without discussion amid dinParliament passed the Interim Railway Budget for 2014-15 with Rajya Sabha returning it without discussion amid din over Telangana issue.
- Air India seeks Rs 1,100 crore more from government to implement VRSThe airline has sought this amount in addition to the Rs 10,600 crore that it is supposed to get this year.
- Air India gets Rs 250 crore from government to pay dues, avoid defaultAir India has to pay an interest of Rs 170-200 crore on its Rs 22,000 working capital loan to its 21 lenders by Sunday.
- AI to raise Rs 4,434 crore to finance fleet acquisitionAir India will have to raise about Rs 4,435 crore through its internal resources and borrowings in 2010-11 to finance its fleet acquisition...
- AI to spend most on aircraft acquisition in FY'10With Air India in the process of inducting aircraft, the national carrier would spend most of its over Rs 8,000 crore planned budget on fun...
- Stuck on the IPO route, AI seeks Rs 1k-cr govt fundsThe civil aviation ministry is considering a capital infusion of Rs 1,000 crore to enable Air India to take on the growing competition and ...
- Private flavour for Gondia projectPrivate players will hold controlling stake in the Rs.380-crore flying school project which is scheduled to come up at Gondia in Maharashtr...
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