NEW DELHI: Air India and SpiceJet on Thursday hiked air fares by at least Rs 300 per ticket citing high ATF prices. ( Watch )
Earlier in a meeting with the Civil Aviation Ministry, Indian carriers had told that they need to hike fares by 20 to 25% (Rs 2,000 on an average) to cover their operational costs, considering the current high price of aviation turbine fuel (ATF) or jet fuel.
The airlines further said that even if states lower sales tax on jet fuel, they will not be able to pass on the benefit to passengers by lowering surcharge.
Aviation Secretary Ashok Chawla had asked airlines during a meeting earlier this month to do some calculations and inform the ministry if they could pass on the benefit of lower sales tax to passengers.
Any such assurance would have made the ministry's task of getting states to lower tax on ATF easier.
But airlines - who are feared to post a collective loss of Rs 8,000 crore in fiscal 2008-09 with national carrier Air India leading the pack - said they are not in a position to do so.
This is not the only issue that threatens to make flying more expensive. On Monday, the GMR-backed Hyderabad International Airport (P) Ltd (HIAL) sent its proposal for charging user development fees (UDF) from domestic passengers to the ministry.
The infrastructure major has proposed a levy of Rs 600 for all outbound passengers flying to anywhere out of Andhra Pradesh. For those flying within the state, a fee of Rs 350 has been proposed. The government is ''looking at'' these rates and is likely to ask the developer to lower the same as the overall high cost of flying has now brought domestic traffic growth down to single digit.
A senior GMR official said: ''The new airport started functioning on March 23 and we decided not to charge any UDF for first three months. The original plan was to have a UDF of Rs 750 for all outbound domestic passengers and this amount has been lowered substantially now. The huge investment made on developing airport has to be recovered and UDF is a component for doing that.''
Bangalore airport is also going to levy a UDF on domestic passengers when it completes there months of operation. Airlines fear that the new airport in Bangalore and Hyderabad are far away from the city, something that has already led to decline in flights at Bangalore. So flying out from these cities could soon get even more expensive.
http://timesofindia.indiatimes.com
Thursday, June 19, 2008
Mallya has reason to be happy for Rajasthan IPL triumph
London (PTI) His own team Bangalore Royal Challengers might have come a cropper at the Indian Premier League, but liquor baron Vijay Mallya is content with the fact that the trophy went to Rajasthan Royals, a side sponsored by his company.
"Although the Royal Challengers failed to make much headway, the Rajasthan Royals sponsored by my company lifted the trophy," said Mallya, who had openly expressed his unhappiness with the way the Rahul Dravid-led Royal Challengers performed in the Twenty20 cricket extravaganza.
The flamboyant businessman, who also owns a Formula One team besides an airline, felt the IPL has added a new dimension to cricket.
"IPL has defined cricket. IPL was the biggest blockbuster and phenomenal market success for TV," he said.
Mallya said the tournament will help India build a "world class squad" by throwing up talented youngsters. Mallya also did not see anything wrong in cricketers making some quick money through the slam-bang format.
"When football players could make money why not cricketers?" he asked.
Mallya hoped that the England and Wales Cricket Board would also allow its players to participate in the next edition of the event.
"They will do so next year," he said. PTI
[Source: http://www.ptinews.com]
"Although the Royal Challengers failed to make much headway, the Rajasthan Royals sponsored by my company lifted the trophy," said Mallya, who had openly expressed his unhappiness with the way the Rahul Dravid-led Royal Challengers performed in the Twenty20 cricket extravaganza.
The flamboyant businessman, who also owns a Formula One team besides an airline, felt the IPL has added a new dimension to cricket.
"IPL has defined cricket. IPL was the biggest blockbuster and phenomenal market success for TV," he said.
Mallya said the tournament will help India build a "world class squad" by throwing up talented youngsters. Mallya also did not see anything wrong in cricketers making some quick money through the slam-bang format.
"When football players could make money why not cricketers?" he asked.
Mallya hoped that the England and Wales Cricket Board would also allow its players to participate in the next edition of the event.
"They will do so next year," he said. PTI
[Source: http://www.ptinews.com]
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LimeWire
The Fastest File Sharing Program on the Planet
BitTorrent Support Built-In
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No Spyware or Adware
Works behind Firewalls
Runs on Windows, Mac & Linux
PRO get turbo-chargedFastest P2P downloads on the planet
No spyware, adware, or bundled software
Built-in media player
Downloads from multiple hosts
International versions
Windows, Mac and Linux compatible
Get Pro Optimized search results
Turbo-charged downloads
Connections to more sources
More Reliable Downloads
Special PRO only skin
FREE tech support
FREE updates for up to 6 months
Get Pro for a single payment of only $21.95
Get Basic Extend your PRO benefits!
Get PRO for 1 year for only $34.95!
What is LimeWire?
LimeWire is a fast, easy-to-use file sharing program that contains no spyware, adware or other bundled software. Compatible with all major platforms and running over the Gnutella network, LimeWire's open source code, is freely available to the public and developed in part by a devoted programmer community. LimeWire is offered in dozens of languages and is available in LimeWire BASIC, a free version, or LimeWire PRO, an enhanced version with personalized technical support offered at $21.95.
Why Should I Use LimeWire?
LimeWire is the fastest, easiest, most advanced file sharing program available and it's completely free of spyware, adware and any other bundled software. Find out more about LimeWire's features.
For the ultimate Lime experience, LimeWire PRO features access to optimized search results, faster downloads, free updates and personalized technical support for up to six months. Get your copy of LimeWire PRO today.
What's new at Lime Wire?
Lime Wire is introducing a filtering system to encourage safer, more responsible file sharing. Copyright owners interested in blocking their files from being downloaded, uploaded and shared are invited to learn more and register here. LimeWire users can learn more about responsible file sharing in Copyright Information.
About LimeWire LLC
Lime Wire LLC is a New York City-based company founded in 2000. We develop innovative, sophisticated applications of file sharing technology. Industry experts Mark Gorton (Chairman) and Greg Bildson (COO, CTO) lead an international team of professionals from the world's most prestigious academic and professional institutions. Find out more about Lime Wire LLC.
[http://www.limewire.com]
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