Tuesday, January 3, 2012

Indian Aviation ministry invests Rs.199bn equity for Air India!


The Civil Aviation Ministry has reportedly said that the Government should invest as much as Rs. 199bn of equity in Air India Ltd. in five years to help the state-owned carrier return to profits.

Reports stated that the Government should also provide additional funds of Rs. 112bn in the five years to 2017 to help the carrier buy aircraft.

Air India said on Thursday that its board had approved issuing Rs. 75bn worth of preference shares to its lenders as part of its financial restructuring.

MHbuddy the social Seating on aircrafts!!


 Malaysia Airlines recently launched its Facebook-based MHbuddy service to make booking and arranging a flight fully social.
Developed by SITA Lab, Malaysia Airlines’ MHbuddy is a Facebook application that allows passengers to book and check in for a flight while sharing their trip details with friends. When booking a flight, users of the app are reminded of friends who