Air India Financial Troubles
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Indian aviation sees yet another year of turbulence in 2012
Indian aviation industry witnessed tumultuous developments in 2012 with the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers even as a prestigious airport project contract bagged by a leading Indian infra firm was terminated by the Maldivian government.
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Kingfisher Airlines' issues statement after being suspended
In a statement issued by the company in response to the International Air Transport Association (IATA) decision to suspend the airlines from its clearing house due to non-payment of dues, the airlines said that they were working with the tax authorities and that they expected the accounts to be un-attached soon.
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Air India pilots' letter
Protesting delayed payment of salaries and allowances, a section of Air India pilots on Wednesday warned they would not undertake flying duties from April 1 if their dues were not cleared by then.
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Government working on policy package for troubled airlines
With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.
-
Indian aviation sees yet another year of turbulence in 2012
Indian aviation industry witnessed tumultuous developments in 2012 with the grounding of Kingfisher Airlines and financial trouble hitting Air India and other carriers even as a prestigious airport project contract bagged by a leading Indian infra firm was terminated by the Maldivian government.
-
Kingfisher Airlines' issues statement after being suspended
In a statement issued by the company in response to the International Air Transport Association (IATA) decision to suspend the airlines from its clearing house due to non-payment of dues, the airlines said that they were working with the tax authorities and that they expected the accounts to be un-attached soon.
-
Air India pilots' letter
Protesting delayed payment of salaries and allowances, a section of Air India pilots on Wednesday warned they would not undertake flying duties from April 1 if their dues were not cleared by then.
-
Government working on policy package for troubled airlines
With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.
