India opens skies to competition
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India will allow domestic commercial airlines to fly long haul international routes, a move it hopes will stoke competition and drive down prices.
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New Delhi: The United Progressive Alliance (UPA) government on Wednesday hiked foreign direct investment (FDI) limit in the civil aviation sector from 40 to 49 per cent but barred foreign airlines from holding stakes.
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Budget airline Jetstar Asia on Monday announced cut-rate fares to its initial destinations of Hong Kong, Thailand and Taiwan and said it was seeking rights to fly to India and additional routes to China.
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US army helicopters and F-16 fighter jets will take part in India's annual air show in the southern city of Bangalore, an Indian Air Force official said.
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NEW DELHI: The Indian government increased the foreign direct investment (FDI) cap yesterday in domestic airlines from 40 to 49 per cent but kept a ban on foreign carriers taking stakes.
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The United States and India have reached an air travel pact that will result in more commercial airline flights, lower fares and stronger economic ties, U.S. officials said on Saturday.
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Days after India&#39;s stock market hit an all-time high, hundreds of executives and policymakers from around the world gathered Sunday to explore business opportunities in one of the world&#39;s fastest-growing economies.
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India successfully flight-tested Sunday a prototype of its 14-seater civilian aircraft whose development had been delayed by US sanctions, officials said.
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India will allow domestic commercial  airlines to fly long haul international routes, a move it hopes will drive down prices.
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AirAsia Bhd., the first low-cost carrier to be listed in Southeast Asia, made a solid debut Monday on the Malaysian stock exchange, while company officials said they&#39;ll decide within two months on plans to acquire 40 new aircraft.
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NEW DELHI: International air fares from India seem set to drop 15-20% with the Union Cabinet on Wednesday deciding to open up foreign skies - sans Gulf - for fresh competition from established domestic players Jet Airways and Air Sahara.
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India and the UK have agreed to increase the number of direct flights between the two countries from the present 19 to 40 per week in a phased manner.
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In a gradual opening of China&#39;s skies to more commercial aviation, Hong Kong and mainland regulators struck a deal Wednesday to grant more flying rights to carriers from the two sides.
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Pakistan and India agree to double the number of weekly passenger flights between the two countries.
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Regardless, space competitions are poised to become big business.
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India and Pakistan opened up their countries to cross-border group tourism for the first time while announcing a series of high-level contacts to push forward the peace process.
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Malaysia&#39;s budget carrier AirAsia is set to launch the country&#39;s biggest initial public offering this year, energizing its bid to increase its fleet nearly fourfold and challenge Asia&#39;s established airlines on lucrative routes.