Shares in Indian airlines jumped on expectations the government will soon allow foreign carriers to invest in local airlines, providing a lifeline to cash-starved and debt-laden carriers such as

The government is likely to decide on a proposal to allow foreign carriers to invest in local airlines as early as Thursday, a senior government official said, which could provide a lifeline to

Delhi International Airport Ltd or DIAL, operated by GMR Infrastructure, launched its prestigious T3 terminal in July 2010. A company-mandated study of DIAL by NCAER on the economic benefits of

Air India Express may charge passengers for on-board meals and do away with free baggage system. The low-cost arm of Air India plans to go the Air Asia way and introduce lower fares and charge

India experienced the second strongest domestic air traffic growth in the world after Brazil, but the high growth hid the financial weakness facing the Indian carriers, global airline body,

Kingfisher Airlines is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said on Tuesday. Kingfisher owes 750 million rupees and Air India owes 4.5

Corporate raids are a usual practice globally, but they seem to be more rampant in India in absence of defined norms for mergers and acquisitions, management controls and hostile takeovers. It is

Gets rolling on SMS and voice booking, direct payment After clocking the highest-ever booking of 450,000 daily earlier this year, the Indian Railway Catering and Tourism Corporation is tying up with

You can get air tickets at rock-bottom fares if you are not averse to taking a chance with a financially strapped airline that has been in the news for frequent schedule changes and unannounced

Air India hopes to save about Rs 300 crore from direct import of aviation turbine fuel (ATF). Last week, the airline decided to import ATF directly and is in talks with Reliance Industries Limited