Kapil Kaul

Asia's biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India's giant tea-to-steel Tata conglomerate may start operations by year-end.

Shares of India's debt-laden Kingfisher Airlines plunged on Wednesday after banks said they would start recalling loans worth $1.5 billion, which analysts said spelled the end for the carrier.

India's ailing Kingfisher Airlines remained grounded after striking employees refused Thursday to return to work without payment of salaries, sending the carrier's shares nosediving further.

India's struggling Kingfisher Airlines is banking for survival on an expected government decision to allow foreign airlines to pick up stakes in domestic carriers.

India's Kingfisher Airlines on Friday denied it was in financial trouble, as its shares plunged to record lows after a string of flight cancellations heaped fresh turmoil on the cash-strapped carrier.

The Indian government may lift a ban on foreign airlines investing in the country's domestic carriers as they battle intense competition and high fuel costs, the Economic Times said on Monday.

Air India's bid to join the Star Alliance has been grounded after the global airline network said it had not met the minimum standards for membership.

Lush green mangrove trees and shrubs stretch into the distance on the muddy outskirts of Navi Mumbai in western India, the low-lying land swollen with heavy monsoon rains

Lush green mangrove trees and shrubs stretch into the distance on the muddy outskirts of Navi Mumbai in western India, the low-lying land swollen with heavy monsoon rains

Frequent travellers to India are in for quite a shock the next time they fly in to New Delhi's international airport with its new state-of-the-art terminal.

Frequent travellers to India are in for quite a shock the next time they fly in to New Delhi's international airport with its new state-of-the-art terminal.

Strike ends after over 100 Air India flights grounded days after fatal plane crash. Air India employees called off a two-day strike that grounded over 100 flights and left more than 30,000 passengers stranded, after an Indian court ordered them back to work Wednesday, officials said.

Black box found after fiery plane crash in India as survivor marvels at his escape. As crash investigators pulled the black box from the charred, twisted wreckage of an Air India plane Sunday, Koolikkunnu Krishnan marveled that he escaped the crash alive. Of the 166 passengers and crew aboard when the plane overshot a hilltop runway and plunged over a cliff at dawn Saturday, 158 were dead. Krishnan and just seven others survived.

NEW DELHI (Reuters) - An air crash in India that killed 158 people has underlined fears about safety gaps in the country's booming airline industry and raised doubts about whether infrastructure can keep pace with rapid economic growth.

State-run carrier Air India is set for dramatic cost-cutting in the months ahead as part of a government bailout that will test the willingness of workers to accept painful restructuring.

State-run carrier Air India is set for dramatic cost-cutting in the months ahead as part of a government bailout that will test the willingness of workers to accept painful restructuring.

Air India gets $173 million government cash injection, but carrier's future still uncertain. India approved a cash infusion for ailing national carrier Air India Thursday, part of an expected $432 million bailout of a company many once considered a proud symbol of the nation.

India's airline passenger market could emerge as the world's fastest growing, an aviation consultancy said Thursday, as it forecast the nation's private carriers would return to profit next year.

India's airline passenger market could emerge as the world's fastest growing, an aviation consultancy said Thursday, as it forecast the nation's private carriers would return to profit next year.

India's private airlines can look forward to a return to profit in the next financial year after two turbulent years of losses, an industry report forecast Thursday.