Page-10 of Aviation Sector Current Affairs, GK & News

Union Cabinet gives nod to India-Maldives double taxation Agreement on airlines

The Union Cabinet has given its approval for signing of an Agreement between India and Maldives for the avoidance of double taxation of income from international air transport. This agreement provides relief from double taxation for airline enterprises operating between the two countries. Under the agreement Airlines operating from India will be exempted from income ..

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India's first Aviation Park to come up in Gujarat

Gujarat state government has decided to set up India’s first aviation park near Bagodara village in Ahmedabad district to strengthen the aviation sector. In this regard, state government has given this task to Gujarat State Aviation Infrastructure Company Ltd (GUJSAIL) to carry out the project. Key facts It is an integrated aviation park that aims ..

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CCI imposes Rs 258 cr fine on Jet Airways, IndiGo, SpiceJet

The Competition Commission of India (CCI) has slapped penalties worth Rs 258 crore on three leading airlines- Jet Airways, IndiGo and SpiceJet for cartelisation in fixing cargo fuel surcharge. In this regard, it also issued a cease and desist order against these three airlines on the complaint filed by Express Industry Council of India (EICI). ..

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Union Government announces Draft Aviation Policy-2015

Union Government has announced Draft Aviation Policy 2015 aimed at popularizing air travel among the people in the country. It was released by Union Minister of State (MoS) for Civil Aviation, Mahesh Sharma in New Delhi. The policy is open to comments from the industry and various stakeholders before being finalised. Key highlights of Draft ..

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Tata Sons raise stake in AirAsia India from 30% to 41%

Tata Sons has decided to increase its stake in low-cost carrier AirAsia India from 30 per cent to 41 per cent by infusing fresh capital. AirAsia India is a joint venture between Malaysian low-cost airline AirAsia Berhad, Tata Sons and Arun Bhatia’s Telestra Tradeplace. As per the original agreement these three partners holds 49%, 30%, 21% stakes ..

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