Sun, Jun 18, 2017
Aviation regulator DGCA has suspended the flying licence of Coimbatore-based carrier Air Carnival, which has not operated a single flight since early April.
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Sun, Mar 19, 2017
Faced with cash crunch and financial issues with the aircraft lessors, Vijaywada-based Air Costa has not flown since February 28.
Mon, Mar 13, 2017
"Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on profitability in Q4 is inevitable as average ATF price during the quarter are 37.9% higher YoY, while the yields continue to remain under pressure," says an Icra report.
Tue, Mar 07, 2017
DGCA data for December showed Air Costa had the highest number of cancellations at 13.65% and its market share was 0.6%.
Tue, Jan 17, 2017
"Passengers carried by domestic airlines in 2016 were 998.88 lakh as against 810.91 lakh during the previous year, registering a growth of 23.18 per cent," the Directorate General of Civil Aviation (DGCA) said in its statistical analysis.
Wed, Oct 05, 2016
Air Costa is at "advanced stages" of discussions with foreign carriers, including those from the Gulf, for a possible stake sale, as the Vijayawada-based airline seeks to spread its wings after securing flying permit for pan-India operations.
Mon, Oct 03, 2016
In August, Air Costa had suspended its operations for a day due to an issue with aircraft lessor.
Mon, Aug 22, 2016
Domestic airfares may not decline much during the second quarter of the current fiscal triggered by strong traffic growth and positive momentum in economy, says a report by ICICI Securities.
Fri, Aug 05, 2016
Civil Aviation Secretary R N Choubey told PTI that the airlines have not yet approached the ministry for assistance.
Thu, Aug 04, 2016
The company's fleet comprises of the contemporary three E-190.
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