Page 5 - Aviation Sector

Only Vistara improved on-time performance in May, shows govt data

While Akasa Air recorded a month-on-month drop in OTP, it retained its top spot on the punctuality chart with a performance of 86.43 percent in May

Priority to bring down airfares: Aviation Minister Ram Mohan Naidu

Naidu also said that his target is to make India the biggest domestic civil aviation market in the whole world

'Cabin crew issues are now well resolved', says Air India Express CCO

Airline to add 24 planes in the next 6 months, he added

IndiGo shares fall over 4% after 11 mn shares change hands via block deal

IndiGo block deal: Reports suggest Rahul Bhatia-led InterGlobe Enterprises was the likely seller of its 2 per cent stake

Airfares can rise further while still being affordable: Akasa Air CEO

We have lots of room for airfares to grow while still being extremely affordable for the Indian consumer, he noted

Global ambition takes wing, but challenges ahead for new aviation minister

The new minister must navigate conflicting demands while considering potential geopolitical ramifications

Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr

Over 94 acres of land will be sold under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002

NCLT approves merger of full-service carriers Vistara with rival Air India

The merger, first announced in November 2022, will include Vistara, which is 49 per cent owned by Singapore Airlines being absorbed into Air India

NCLT nod to Air India-Vistara merger; to form world's largest airline group

The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups. Post-merger, which was announced in November 2022, Singapore Airlines will have a 25.1 per cent stake in Air India. Vistara is a joint venture between Singapore Airlines and Tata Group. In a 31-page order, the Chandigarh bench of the NCLT approved the "composite scheme of arrangement" involving Talace, Air India and Vistara. All are part of the Tata Group. Air India expects the merger to be completed by the end of this year. A two-member bench of the Chandigarh bench of NCLT observed that the scheme has already received necessary approvals from the shareholders and creditors of both airline companies. Moreover, it has also received applicable approvals including that of fair trade regulator the Competition Commission of India (CCI) and the Directorate General of Civil Aviation (DGCA). Besides, "no sustainab

Indian carriers divided on more bilateral rights to Gulf countries

Granting more rights to them would be equivalent to pulling rug from under our feet: Air India CEO

Shortage of pilots, cabin crews 'far more serious' than visible: Capa India

Indian carriers expected to add 82 planes in FY25

IndiGo eyes lesser-known international destinations for next growth phase

It made a successful push into central Asia last year with flights to less-frequented cities like Baku, Almaty, Tashkent and Tbilisi, opening travel destinations void of major competition

Global airlines on track for $30 billion profit in 2024, predicts IATA

The outlook compares with the $27.4 billion in profit achieved last year, IATA said at its annual general meeting in Dubai

IndiGo reportedly buying 100 more ATR planes: How will it change things?

Turboprop planes have helped IndiGo rule the regional aviation network for the last five years. And there might be more coming

IndiGo derosters 6 crew members over Delhi-Varanasi flight bomb scare event

IndiGo has derostered two pilots and four cabin crew members of the Delhi-Varanasi flight that saw 176 passengers being evacuated after a bomb threat earlier this week, according to sources. On May 28, following the bomb threat, which later turned out to be hoax, all the passengers were evacuated through emergency slides from the aircraft at the Delhi airport. In a video clip of the evacuation that went viral on social media, a pilot was seen coming out of the aircraft through the emergency slide with a baggage. Under international norms, passengers and crew are not permitted to take their baggage at the time of evacuation as that will increase the time for evacuation. The wet-leased aircraft was to operate the flight from the national capital to Varanasi on the morning of Tuesday (May 28). One of the sources said the two pilots, who were from the lessor company, four IndiGo cabin crew members have been derostered. Generally, under the wet lease arrangement, crew, insurance and ot

Universal Vulkaan to bring 30 Leonardo helicopters to India in next 3 years

Bullish on the Indian market which is "ready for expansion", Universal Vulkaan Aviation on Wednesday said it will bring 30 Leonardo helicopters into the country over the next three years. Universal Vulkaan Aviation Pte Ltd (UVA) is the distributor in India for Italy-based Leonardo Helicopters. The company, which is based in New Delhi, will bring a total of 30 helicopters -- 16 new and 14 from the pre-owned market -- over the next three years. "After signing the pre-sales contract for 5 units of AW09 machines in January 2024, UVA has ordered 11 units from types AW109 Trekker, AW139, AW169, from the Leonardo Helicopters... This is in addition to the 14 helicopters that were purchased by the Vulkaan Group from the pre-owned market, which include the AW 119Kx and AW 109 Trekker," a release said. The models have seating capacities varying from 5 to 15. Karan Sethi, Sales Director at UVA, told PTI that the current Indian market is ready for expansion, and its product portfolio in both .

GoAir crisis: EaseMyTrip's Pitti withdraws bid for the bankrupt airline

More than three months after jointly bidding for Go First, travel portal EaseMyTrip's CEO Nishant Pitti on Saturday said he was withdrawing the bid for the bankrupt airline. Busy Bee Airways, majority-owned by Pitti, along with SpiceJet Chief Ajay Singh, had put in a bid for Go First, which is undergoing an insolvency resolution process, in February. Pitti said after careful consideration, he decided to withdraw the bid for Go First in his personal capacity. "The decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives," he said in a statement. The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First. On April 26, Pitti had said he will consider any necessary adjustments to its proposed offer for the grounded airline after reviewing the court order. It could not be immediately ascertained whether Ajay Singh will be pursuing th

HC sets aside order directing SpiceJet to pay Rs 270 cr to Kalanithi Maran

Kal Airways and Maran had moved the Delhi High Court on August 9, 2023, seeking 50 per cent of the daily revenue collection of low-cost carrier SpiceJet to be paid to them on a weekly basis

Air India Express staff express 'growing discontent' in letter to chairman

The letter from the Air India Express employees union follows a mass sick leave by Air India cabin crew earlier today which left at least 86 flights cancelled

Steady, dependable: Why analysts think IndiGo is Rahul Dravid of aviation

IndiGo stock strategy: Given the run, analysts say IndiGo stock prices in most positives at the current levels