A committee headed by the Cabinet Secretary Mr K. M. Chandrasekhar, has recommended air fare cut to the Civil Aviation Ministry in a line with fall in prices of aviation turbine fuel. The committee was set up by government to examine the credit situation faced by aviation sector following global slowdown.
It has also asked to rationalize tax slab on aviation turbine fuel, besides giving a status of declared goods to jet fuel to bring down its prices. Declared goods status would ensure flat four per cent tax on fuel across the country.
Rome - Italy's Economic Development Minister Claudio Scajola gave the green light Wednesday for the sale "at not less than 1.052 billion euros" (1.328 billion dollars) of struggling state-controlled carrier Alitalia to an Italian private consortium.
Scajola authorized Alitalia's bankruptcy commissioner, Augusto Fantozzi, providing the government's financial terms are met, to proceed with the "transfer of the airline's assets to the Compagnia Aerea Italiana (CAI) by December 1," said an Economic Development ministry statement.
Hong Kong - Cathay Pacific Airways said Wednesday that it has scrapped the traditional end-of-year bonus for all its Hong Kong staff in a cost-cutting measure sparked by the global economic crisis.
Chief executive Tony Tyler blamed the move on the difficulties the airline was facing because of fuel price hikes earlier this year and the worsening economic downturn.
Copenhagen - Overnight talks appear to have salvaged an attempt to sell off bankrupt low-cost carrier Sterling Airlines, liquidators and unions said Wednesday.
The news came after liquidators on Tuesday afternoon said they had ditched an attempt to sell the Danish-based Sterling Airlines as a single entity over union opposition.
However, talks resumed later and have breathed new life into the efforts to save 430 jobs, a third of Sterling's staff of some 1,100 employees.
The Government has been requested by Mr. Vijay Mallya, chairman of Kingfisher Airlines, to permit the foreign airlines to pick up a minority stake in domestic airlines.
Mr. Mallya reported, "I have requested the Government to allow foreign airlines to acquire a stake of up to 25 per cent in Indian airlines. I believe aviation should be treated at par with international norms and other industry sectors where strategic investors can invest. This will be a wealth creator and secure the future of Indian aviation."
Sydney - The amazing run of technical problems at Qantas Airways Ltd continued Tuesday with a clanger in the hangar at its Melbourne maintenance base.
Qantas engineering general manager David Cox said two Boeing 747s had "come into contact with each other during towing this morning" and that "both aircraft did sustain some damage and the extent of this is being assessed."
One of the bashed jumbos was in for extensive repairs after an emergency landing in the Philippines capital Manila July 25. An oxygen cylinder exploded, punching a
A committee headed by the Cabinet Secretary Mr K. M. Chandrasekhar, has recommended air fare cut to the Civil Aviation Ministry in a line with fall in prices of aviation turbine fuel. The committee was set up by government to examine the credit situation faced by aviation sector following global slowdown. 
Hong Kong - Cathay Pacific Airways said Wednesday that it has scrapped the traditional end-of-year bonus for all its Hong Kong staff in a cost-cutting measure sparked by the global economic crisis.
Copenhagen - Overnight talks appear to have salvaged an attempt to sell off bankrupt low-cost carrier Sterling Airlines, liquidators and unions said Wednesday.
The Government has been requested by Mr. Vijay Mallya, chairman of Kingfisher Airlines, to permit the foreign airlines to pick up a minority stake in domestic airlines.
Sydney - The amazing run of technical problems at Qantas Airways Ltd continued Tuesday with a clanger in the hangar at its Melbourne maintenance base.
