Air India plans to go ahead with its planned delivery of the final three of eight B777-200LRs between June and August this year, despite the global crisis and resulting aviation downturn. Air India plans to deploy the aircraft on a new non-stop service to San Francisco in the second half of 2009. The National Aviation Co. of India Ltd., the state-owned parent of carrier Air India, plans to borrow US$1.06 billion to fund the purchase of these and additional aircraft from Boeing. India¡¯s … [Read more...] about Air India to go-ahead with B777 deliveries
Air India
India: Jet losing money but expects to top Air India
Jet Airway CEO Wolfgang Prock-Schauer is expecting another loss in the current financial year but believes the carrier will pass Air India in terms of revenue for the 12 months ending 31 March, 2009, to become India’s leadingairline. Jet, which lost US$100 million on US$2.3 billion in revenue for the yearended 31 March, does not expect to be profitable in the current fiscal year. All of India’s carriers are under pressure owing to overcapacity and farecutting as well as high … [Read more...] about India: Jet losing money but expects to top Air India
