Page 2 - Capa

India's airline fleet to contract, fall below 700 on weak demand: CAPA

Indian airlines are expected to induct 69 planes during the year and retire 86 aircraft, some of which could be through repossessions by lessors

Covid-19-hit aviation industry requires $5 bn to stay afloat: CAPA

"Covid-19 will inflict an unprecedented financial impact on the industry. Airlines are the most vulnerable, with some carriers at breaking point," CAPA said

Domestic airlines need $3-3.5 bn funding amid subdued travel demand: CAPA

On the fund requirements for IndiGo, which it had earlier not quantified, CAPA said, "IndiGo is likely to raise $400-650 millions by monetising its aircraft and engine assets."

Covid-19 fallout: Airbus, Boeing results show turbulent times for aviation

Given the nationwide lockdown and weak travel sentiment, global aviation consultancy CAPA revised downwards estimates for India's air traffic for the for FY21 from 80 to 90 million to 55-70 million

Sanitisers to ticket price: 10 changes to note when India resumes flights

Facemasks and social distancing measures may become a common practice for airline passengers.

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA

Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report. "The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry. "The second quarteris historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday. As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year. In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020. International traffic is expected to fall from approximately 70 million in the previous .

Rumours & fears grip aviation sector as coronavirus dampens operations

Many in the industry argue that there will be at best three to four players over the long term, and that the weaker airlines will be weeded out

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Coronavirus impact: Vistara joins GoAir to suspend international flights

CAPA projects Indian airlines to post $500-600 mn loss in Q1 FY 2021, says most airlines in the world will be bankrupt by May end

Coronavirus outbreak could make airlines bankrupt by May-end: CAPA

Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday

Seat capacity drops up to 100% on China, SE Asian routes over Coronavirus

There are 30 international airports in the country and on an average, these aerodromes receive about 70,000 international passengers

Stake sale in Air India 'bold move', attractive offer tabled by govt: CAPA

This is the second time in less than two years that the government has come out with proposal for selling stake in Air India

Goa's 2nd international airport in Mopa expected to be ready in three years

Supreme Court on Thursday cleared the decks for construction of an international airport by the GMR Group at Mopa in North Goa by lifting suspension on environmental clearance granted for the project

Indian airlines set for $600-million loss in FY20, says CAPA report

CAPA estimates Air India to post a loss of $500 million this year, due to the grounding of over 20 aircraft

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

IndiGo flies past Air India on international routes, deploys more seats

Since June 2018, IndiGo has inducted 70 planes, taking the fleet to 239

Domestic airlines to post upto $700 mn profit, says aviation consultancy

In February, CAPA had estimated a growth of 14-16 per cent in domestic air travel, a 10-12 per cent growth in international air travel and induction of 90 aircraft in FY20