High oil prices and the unresolved European debt crisis hitting the financial bottomline of the global aviation industry would be the major focus of debate at the World Air Transport Summit beginning

The world's airline bosses meet from Sunday in Beijing, with talks likely to be dominated by a bitterly opposed carbon tax, the European debt crisis and the perennial headache of high oil prices.

The

Airlines are still in for financial turbulence despite a recent fall in oil prices, with many at risk of posting major losses as the cost of their top input remains historically high.

"If fuel price

The airline industry group IATA cut its 2012 profit forecast for the airline sector to $3.0 billion ($2.3 billion) from $3.5 billion on Tuesday as tensions in the Gulf push fuel prices up.

If fuel pr

The cash-starved airline industry is looking forward to the ensuing budget with great expectations as it desperately wants changes in the FDI policy on aviation and more tax sops to help reduce the

With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources

World aviation bosses warned Monday of a potential trade war over a carbon tax imposed by the European Union on the airline industry to reduce emissions and curb climate change.

In a conference on th

Reliance Industries is in talks with India's major airlines to provide jet fuel infrastructure and transport services, the company said on Wednesday, a day after a government panel approved direct fue

Industry body CII on Sunday suggested that the government liberalise the FDI policy to allow foreign airlines to invest up to 49 per cent in cash-starved domestic air-carriers.

"A liberal FDI regime

The Civil Aviation Ministry has agreed to the proposal of allowing foreign carriers to buy 26 per cent stake in private airlines, sources said.

Earlier the Aviation Ministry had proposed to fix