Aviation Sector

Kingfisher to slash air-fares from January 1; Others players in discussion

Kingfisher to slash air-fares from January 1; Others players in discussionThe country’s leading private air-carrier, Kingfisher Airlines, has decided to cut fares across its network from January 1.

The fare-cut is expected to be in the range of 12–15%. However, the company did not specify the quantum by which fares would come down.

It may be noted that Civil aviation minister Praful Patel had repeatedly asked the airlines to pass on the benefit of sharp a drop in ATF prices to passengers.

For the last four months, a dramatic fall in ATF prices has been noticed.

Kingfisher To Cut Fares From January 1

Kingfisher To Cut Fares From January 1One of the country's top private air-carrier, Kingfisher Airlines has announced that it would effect fare cut across its network from January 1.

In a press release, Kingfisher Airlines chairman Vijaya Mallya said, “Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network.”

However, Mallya did not state the quantum by which fares would come down.

PIA paid close to Rs 2 crores penalty for transporting illegal passengers abroad

Pakistan International AirlinesIslamabad, Dec. 27 : As if its fragile financial health was not bad enough, the Pakistan International Airlines (PIA) has landed itself the dubious distinction of being forced to shell out close to Rs 2 crores for transporting illegal passengers abroad.

According to a latest report by the Auditor General of Pakistan Revenue (AGP), the PIA has paid the massive amount as penalty for carrying illegal passengers.

"PIA has paid 17.066 million rupees between 2004 and 2006 for transporting passengers without legal documents to five countries," the Daily Times said quoting the

Hong Kong airport workers threaten to strike over cut bonuses

Hong Kong airport workers threaten to strike over cut bonusesHong Kong  - Airport workers in Hong Kong were Friday reportedly considering strike action that could paralyse one of the world's busiest transport hubs.

Unions representing some 3,000 workers at Chek Lap Kok airport protested over a usual year-end bonus worth two months' salaries being halved.

Talks were due to take place Friday or Saturday and a union leader warned that some workers wanted to stage a strike if the Airport Authority refused to reinstate their bonuses.

Kingfisher Rules Out Fare Cut In Immediate Term

Kingfisher Rules Out Fare Cut In Immediate TermOn Monday, Kingfisher Airlines said that there is no case for decreasing its air fares in the immediate term.

Kingfisher Airlines spokesperson informed, “Once the Government brought aviation turbine fuel (ATF) under the Declared Goods category, it would immediately and significantly reduces fares.”

He further said, “The sharp and immediate spike in ATF prices earlier in the year has left a lasting impact on the bottom lines of the companies, leading to an accumulation of huge outstandings and liabilities with the oil companies and the likes.”

Temporary end to Budapest airport strike for Christmas travellers

Temporary end to Budapest airport strike for Christmas travellersBudapest  - Unions called for a temporary end to a two-week strike at Budapest's Ferihegy International Airport, effective 10 pm (2100 GMT) Tuesday, for the benefit of Christmas travellers.

Unions leaders said the strike was being suspended for holidaymakers as well as to facilitate constructive talks with the German-owned operator of Hungary's only major international airport.

Pages