Page 20 - Aviation

Recovery tracker: Lower mobility, power generation in week ended Sept 14

Railway freight traffic numbers were higher than before

Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US

Domestic air passenger traffic rose 5% to 10.2 mn in August: ICRA

Domestic air passenger traffic rose 5 per cent to 1.02 crore in August and a fast-paced recovery in the traffic is expected this fiscal on the back of normalcy in flight operations and widening vaccination coverage, according to rating agency Icra. Releasing the monthly domestic air passenger traffic data for August on Thursday, Icra further said that international traffic for Indian carriers surpassed the pre-COVID level of around 19.8 lakh by 32 per cent. "The domestic aviation industry continues to witness recovery, with domestic passenger traffic for August 2022 estimated at around 102 lakh, around 5 per cent higher compared to around 97 lakh in July 2022 and around 52 per cent higher in comparison to the domestic passenger traffic in August 2021, although it fell short by around 14 per cent, compared to pre-COVID levels i.e. August 2019," Icra's Suprio Banerjee said. Banerjee is the Vice President & Sector Head - Corporate Ratings at Icra Ltd. In the first five months of this

SpiceJet appoints Ashish Kumar as CFO, effective from September 9

Budget carrier SpiceJet on Friday said it has appointed Ashish Kumar as its Chief Financial Officer. Kumar's appointment for the post is effective from September 9, SpiceJet said in a statement. Kumar succeeds Sanjeev Taneja, who quit the struggling carrier on August 31. Before joining the Gurugram-based low-cost airline, Kumar was serving as vice president for corporate finance at Interglobe Enterprises since January 2019, SpiceJet said. Previously, he served as Chief Financial Officer at Interglobe Hotels for five years from 2014 to 2018, as per the statement. Facing a liquidity crunch, SpiceJet reported a loss of Rs 784 crore for the quarter that ended June 30, compared to a loss of Rs 731 crore a year earlier. The company had also reported a loss of Rs 485 crore for the quarter ended March. "Restructuring SpiceJet and putting it back on a path of rapid growth is the best job in the aviation industry today. Ashish's experience and proven track record will ensure that he can .

IndiGo's new CEO Pieter Elbers takes over, eyes 'new frontiers'

Known for his decisiveness, new chief will have his task cut out as domestic competition heats up

Mumbai-bound flight grounded after take-off in Bhopal due to technical snag

A Mumbai-bound IndiGo flight from Bhopal in Madhya Pradesh was grounded after take-off on Monday due to a technical snag, an Airports Authority of India (AAI) official said here. The flight returned to Bhopal's Raja Bhoj International Airport after take-off due to the snag in the morning, he said. It was carrying 183 passengers, 117 of whom were adjusted in another aircraft in the evening by cancelling a Delhi-bound flight, the official informed. "The remaining passengers were adjusted on other flights and also by arranging accommodation," he added.

Govt employees can now avail air travel on LTC, Centre issues notice

The central government has issued new guidelines for the Leave Travel Concession (LTC) availed by employees, which will now include air tickets

Indians among top travellers who visited Abu Dhabi most in H1 2022

Indians are among the top travellers who visited Abu Dhabi the most in the first six months of this year, according to a passenger traffic report

Govt to augment manpower, capabilities of regulators DGCA, BCAS: Scindia

With the country's civil aviation space projected to see substantial growth in the coming years, the government is working to augment the manpower and capabilities of regulators DGCA and BCAS. The Directorate General of Civil Aviation (DGCA) takes care of the safety aspects, while the Bureau of Civil Aviation Security (BCAS) is in charge of the security aspects in the sector. Civil Aviation Minister Jyotiraditya Scindia on Friday said both the regulators are completely independent. "My job is to ensure accountability, both on the safety side and the security side... Now, with the huge expansion we are seeing in the civil aviation sector, (it is) even more pertinent that we augment the staffing and capabilities of both DGCA and BCAS. That is something that I am working on as we speak," he said. The current manpower and staff requirements at the regulators could not be immediately ascertained. In the coming years, India is projected to have 400 million air travellers, including dome

Rs 562 crore Dreamfolks Services IPO opens on Aug 24: All you need to know

The price band has been set in the range of Rs 308 to 326 per share and will close on Friday, August 26. The public issue is entirely an offer for sale (OFS) of up to 17.24 million equity shares.

Why Capt Zoya Agarwal's flight into US aviation museum is significant

Becomes first female Indian pilot to join those who've contributed to advancement of commercial aviation

Before his death, Jhunjhunwala & family became Akasa's biggest shareholders

Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%

Govt to remove domestic fare caps imposed on airlines Aug 31 onwards

The fare caps were imposed on domestic airlines in 2020 during the pandemic

Civil aviation sector to employ 100,000 more people by 2024: Ministry

During 2019, 2020 and 2021, at least 2,368, 400 and 296 pilots were recruited, the aviation ministry stated

Aviation majors in fray to operate copter taxis in Uttar Pradesh

After expressways, Yogi 2.0 is betting on airports, heliports

Singapore Airlines to restore pre-Covid flight frequency to Indian cities

Singapore Airlines to restore pre-Covid flight frequency to Indian cities

IISc signs MoU with Indian Navy for collaborative aviation research

The Indian Institute of Science (IISc) and the Indian Navy have signed an MoU to collaborate on aviation research and development

SpiceJet lessor asks DGCA to de-register three planes amid high costs

A Dubai-based lessor of SpiceJet Ltd has asked India's aviation regulator to deregister three of the budget airline's planes as SpiceJet struggles with high costs and maintenance challenges

Boeing gets FAA clearance to restart delivery of 787 Dreamliner aircraft

Boeing Co received preliminary US regulatory clearance to restart deliveries of its 787 Dreamliner aircraft, paving the way for the end to a drought that drained cash and dented its reputation

Boeing surprises with positive cash flow in Q2 but misses estimates

Boeing Co. reported a $193 million profit for shareholders in the second quarter, but the results fell short of Wall Street targets for earnings and revenue as its defense business weakened