According to an anonymous source who told Reuters, Air France-KLM was 50-50 on whether it would participate in the EUR300 million share issuance to save the Italian airline from bankruptcy.

TRAFI, a Lithuanian Journey planner startup, received a USD500,000 in investment capital from Practica Capital to expand into key markets unexplored by big players like Google Maps.

Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.

A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.

Claiming inadvertence, a service tax audit discovered an unpaid service tax of INR1.75 billion for five years by Dubai's Emirates Airline.

According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.

Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.

Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.

Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.

Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.