India's railway budget set $9 billion of infrastructure investments but left government funding flat and cut borrowing, pointing to tighter government spending which analysts said may be reflected in Friday's general budget.
Carrier Kingfisher Airlines founder Vijay Mallya is negotiating an arrangement with British Airways that would allow Europe's second largest carrier to book its passengers on Kingfisher flights within India, the Economic Times paper reported on Monday.
India's second largest low-fare carrier, SpiceJet Ltd, is seeking to raise $75 million by selling new shares as it prepares to start international services, the Mint newspaper reported on Thursday.
Kingfisher Airlines Ltd is likely to come out with a rights issue offering shareholders one equity share for every one they hold to raise nearly 4 billion rupees, the Economic Times reported on Thursday.
Istithmar World Capital, the investment arm of Dubai World, has sold its entire 13.4 percent holding in budget airline SpiceJet, a source with direct knowledge of the deal said on Friday.
The government may approve a capital infusion of 8 billion rupees in loss-making national carrier Air India by next week, the Civil Aviation Minister said on Wednesday.
U.S. aircraft maker Boeing plans to deliver nine planes to Indian carriers in calendar 2010, a senior company official said on Tuesday, and expects fresh orders from airlines in India by next year end.
Jet Airways (India) Ltd, the country's largest private carrier, aims to raise up to $200 million initially through a share placement with institutions to help reduce its debt, a company official said on Monday.
U.S. aircraft manufacturer Boeing Co will supply the national airline, Air India, with its first 787 Dreamliner in 2011, and invest $100 million in building a unit to maintain it, its India chief said on Monday.
National Aviation Company of India Ltd, which runs ailing carrier Air India, said it expects the first installment of government funding to the tune of 4 billion rupees by Jan 2010.
Low-cost carrier SpiceJet sees a loss in the September quarter, on sharply lower average ticket-prices and with one in every four seats on flights during the period staying unsold, its chief executive said on Thursday.
The government has agreed to back Air India with up to 50 billion rupees ($1.1 billion) if the ailing state-run carrier finds the same amount in costs cuts and extra revenue, the aviation minister said on Wednesday.
Jet Airways on Thursday said its Chief Executive Officer Wolfgang Prock-Schauer has resigned, effective Oct 15.
A mid-air scuffle between pilots and crew of an Air India flight at the weekend did not endanger the 106 passengers on board, said a spokesman for the airline which has ordered an inquiry.
India's leading commercial vehicle maker Ashok Leyland said it will concentrate on increasing its market share in the current fiscal by offering technologically advanced buses and expanding its manufacturing capacity.
Indian airlines Paramount Airways and GoAir have played down reports that they are engaged in acquisition talks which would make the combined entity control nearly 8 percent of the domestic aviation sector.
Pilots working for ailing state-run carrier Air India on Wednesday called off a strike that saw scores of flights cancelled, bookings suspended and hundreds of passengers stranded over the last four days.
State-run Air India has suspended booking of tickets as a result of a strike by its pilots which has already seen a quarter of its flights being cancelled, the chairman of the carrier said on Tuesday.
Loss-making state-run Air India has cancelled a quarter of its international and domestic flights and will suspend bookings on more flights due to a strike by its pilots over pay, the carrier's spokesman said on Tuesday.
A strike called by executive pilots of state-run air carrier Air India (AI) to protest against pay cuts rolled into the fourth day after a meeting held to break the impasse between them and the airline management failed to bear fruit even as the latter threatened to suspend its flight operations.
