Aviation Sector

Bmi’s acquisition will make 1,200 workers redundant: BA

Posted on April 13th, 2012 in Aviation Sector, British Airways, India Shares

British Airways (BA) has confirmed that as many as 1,200 people will lose their jobs in its £172 million takeover of rival carrier Bmi.
The warning emerged just a day after BA announced that 60…

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Abolishing APD would create jobs & help economy: report says

Posted on March 12th, 2012 in Aviation Sector, economy, India Shares, United Kingdom

Air Passenger Duty (APD) is costing the struggling UK economy thousands of jobs and is hurting the economic growth as the tax puts the country at a disadvantage against rival countries, accordin…

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Kingfisher still pursuing talks with domestic investor to raise funds

Posted on December 02nd, 2011 in Aviation Sector, India News, India Shares, Kingfisher Airlines, Vijay Mallya

Cash strapped carrier Kingfisher Airlines is still pursuing negotiations with a domestic investor as a part of its efforts to raise funds but it could take time to fix a timeline for it, carrier’s chairman Vijay Mallya revealed on Friday. read more

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Air India Debt Crisis

Posted on July 18th, 2011 in Air India, Aviation Sector, India, India Shares

It has been revealed according to a recent report that Air India is going to face a debt burden of as much as Rs. 67000 cr. They are of the view that the government would come for their aid and …

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