Dashing the hopes of many domestic airlines who are desperate for foreign airline investments, the Government of India has put in to effect new rules governing the investments and operations of scheduled airlines which include fixing minimum levels of equity and barring any investment by foreign carriers. The rules, which were approved a few months ago, were incorporated recently into …

Speculation is rife that the middle east is finally slowing down. The Gulf Daily News is reporting that Bahrain based Gulf Air will cancel its deal to lease four long-range Boeing 777-300ER aircraft from Indian carrier Jet Airways after just six months. Jet Airways Boeing 777-300ER leased to Gulf Air painted in Gulf Air livery.Photo courtesy and copyright A.J. Best.In …