CENTRE DECIDES TO INFUSE Rs125 CR AS EQUITY IN IA
Article Abstract:
The Indian government will bring in Rs125 crore as equity into the Indian Airlines. The civil aviation ministry has submitted a report saying that Rs200 crore should be given as compensation for the grounding of the A320 fleet in the early 1990s and Rs150 crore should be released as a subordinate loan to cover expenses and shortfall of funds. The report says that the airline's marketshare will fall to 11 percent from over 60 percent now if adequate capital is not infused into the equity base. (khr)
Comment:
Indian government to bring in Rs125 crore as equity into this firm
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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AIRLINES LIMIT DISCOUNTS ON INDO-GULF SECTOR TO 19%
Article Abstract:
Major airlines, including Air-India, Saudia, Gulf Air, Qatar Airways, Emirates, Air Lanka, Air Maldives and Kuwait Airways, have agreed to restrict discounts on the Indo-Gulf sector to 19 percent with effect from August 1, 1998. This may also lead to a reduction in price discounts offered in the western sector. The airlines had been adversely affected by the discounts of up to 40 percent given in the peak season and 50 percent in the lean season. (khr)
Comment:
Mid E: Major airlines, including Air-India & Saudia, agree to restrict discounts on Indo-Gulf sector to 19% starting 8/1/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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