Air India lost Rs 491 crore till July 2 due to Pakistan airspace closure : Bulletin: Business Today
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Air India lost Rs 491 crore till July 2 due to Pakistan airspace closure

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July 4, 2019

Air India lost Rs 491 crore till July 2 due to Pakistan airspace closure

Due to closure of airspace by Pakistan, national carrier Air India lost Rs 491 crore till July 2, according to data presented by Civil Aviation Minister Hardeep Singh Puri in Rajya Sabha. Private airlines SpiceJet, IndiGo and GoAir lost Rs 30.73 crore, Rs 25.1 crore and Rs 2.1 crore, respectively, the data stated. Pakistan closed its airspace after the IAF's February 26 Balakot strike. Since then, it has only opened two of 11 air routes and both of them pass through southern Pakistan.

Govt plans up to 20% surcharge for cash payment at toll plazas

If you have been paying cash at toll plazas then there's some worrying news for you. The government is planning to levy 10-20 per cent surcharge on cash payments. This is being planned to decongest the plazas since paying by cash results in long queues. The government believes that the extra charge will dissuade people from cash payments and encourage a behavioural shift towards electronic tolling through FASTags.

IAF lost 44 aircraft, choppers since 2014-15

Forty-four aircraft and helicopters of the Indian Air Force were lost in crashes since 2014-15 in which 46 personnel were killed, according to government data. The break up of the aircraft lost is 26 fighter jets, six helicopters, nine trainer aircraft and three transport planes. A  total of 12 pilots, seven aircrew and 27 service personnel were killed in the crashes.

Industrialist B K Birla passes away

Birla Group patriarch and a doyen of the Indian industry Basant Kumar Birla passed away in Mumbai on Wednesday at the age of 98. His family said Birla had been suffering from age-related ailments. Birla was the chairman of Century Textiles and Industries and was active in business since the age of 15.

Boeing to give USD 100 mn to 737 MAX crash victims' families, communities

Boeing announced Wednesday it would give USD 100 million to communities and families affected by two crashes on its 737 MAX planes that claimed 346 lives. Describing the sum as an "initial investment" over multiple years, Boeing said it would work with local governments and non-profit organisations to provide living expenses and boost economic development in regions affected by crashes of planes operated by Ethiopian Airlines and Lion Air.

Economic Survey will be tabled in Parliament today

Chief Economic Advisor (CEA) KV Subramanian will table his maiden Economic Survey today, one day ahead of the much-awaited Budget 2019. Prepared under the guidance of the CEA and the Finance Ministry, the Economic Survey presents the ministry's view on the economic development of the country during the previous fiscal. It also looks into the impact of key policy initiatives by the government.

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