Page 4 - Indian Airlines

SpiceJet initiates fresh funding of $270 mn for Go First acquisition

SpiceJet is among three companies that have shown interest in acquiring the bankrupt airline

IndiGo becomes first Indian airline to carry 100 mn pax in a single year

IndiGo operates over 2,000 flights per day. It flies to 86 domestic and 32 international destinations

Flights cancelled, airfares jump 52-171% as rainfall batters Chennai

Domestic carriers have offered a fee waiver on flight cancellations or rescheduling of the impacted flights to their passengers

Penetration of international air travel remains low in India: CAPA

Even as India has become the third largest market in terms of domestic traffic, the penetration of international air travel remains low, CAPA India chief Kapi Kaul said on Friday. He also pitched for regulatory reforms, saying if corrective measures are not taken, the capacity pipeline will reduce further. "In terms of domestic traffic, we have reached number 3. But in terms of international (traffic), we are ranked at 18. In spite of being the third-largest domestic market, the penetration of (international) air travel remains lowest among the top 20 domestic markets," Kaul said. He was delivering the keynote address at a function organised here by Tata Memorial Trust to mark the 119th birth anniversary of JRD Tata. Kaul said India's seats per capita consumption stands at 0.13, whereas the same for a country like Australia is as much as 3.11. The long-term fundamentals for growth are very strong, he said, adding that "we have only searched the surface of international travel. We

'Can no longer sustain': Grounded airline Go First CEO Kaushik Khona quits

Khona was appointed as the CEO of the no-frills airline in 2020 after the incumbent and current Akasa Air CEO, Vinay Dube, stepped down from the position

Air India passengers onboard flight face water leakage inside cabin

Passengers onboard an Air India flight from Gatwick to Amritsar faced water leakage inside the aircraft last week and the airline has expressed regret over the incident. A short video of water leaking from the overhead area of the Air India aircraft was posted on social media. In a statement on Thursday, an Air India spokesperson said flight AI169 operating from Gatwick to Amritsar on November 24 had developed a rare occurrence of condensation adjustment inside the cabin. Gatwick airport is in the UK. "Some of our guests seated in the affected rows were promptly relocated to other vacant seats and given the circumstances the cabin crew made every effort to make the guests comfortable. Air India is committed to the safety and comfort of guests on board and we regret this unexpected incident," the spokesperson said. Sharing the video on social media platform X, a user said, "fly with us -- it's not a trip -- it's an immersive experience".

Go First CEO Kaushik Khona resigns amid airline's uncertain future

Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings. In an e mail to the airline's employees on Thursday, Khona said that November 30 is his last day at the company. Khona had returned to Go First in August 2020 as its CEO. "With a heavy heart, I have to inform that today is my last day with the company. I got an opportunity to work for Go FIRST once again in August 2020 and with your able and active support I tried to perform to my best abilities," Khona said in the e mail. Earlier, he was with the carrier from 2008 to 2011. "... the Board of Directors decided to file for Section 10 application under the IBC and we still continued to provide the best support to the company We were hopeful that we will resume the operations soon and at least from June 2023 but it got delayed" he said in the e mail accessed by PTI. Section 10 pertains to voluntary insolvency proceedings under the Insolvency a

NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC

Kaul also questioned which resolution applicant would be interested in the Corporate Debtor if it's not revived?

Go First lenders to vote on liquidation amid lack of suitors: Report

The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said

Akasa Air waives off handling charges on carriage of musical instruments

Effective since October 10, 2023, passengers will no longer incur handling fees for carrying musical equipment such as guitars, keyboards, violins, or other musical instruments

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

Diwali Bonanza: Airfares see up to 9% decline on key domestic routes

On the Mumbai-Ahmedabad route, ticket prices decreased marginally from Rs 3,700 to Rs 3,650 in the aforementioned period

Air India to reinstate 100% of its long-grounded fleet since Tata takeover

The airline is planning to reinstate 100% of its "long-grounded" fleet since the takeover by the Tata Group two years ago

Go First lenders likely to recover Rs 1,600-1,900 cr through Thane land

The Go First lenders are seeking to recover around 25-30% or Rs 1,600 crore-Rs 1,900 crore of their exposure to the airline

SpiceJet records lowest OTP at 60.11% among all major Indian carriers

SpiceJet's operations in October were also affected due to its involvement in repatriation operations from Tel Aviv

Lost your passport abroad? Here's how to get back to your country

Losing your passport abroad can be a scary and exasperating experience. The most common way of replacing a lost passport can be a cumbersome exercise, however, it works

Go First extends flight cancellation till Nov 30 citing operational reasons

The airline has approximately 4,200 employees, and it reported total revenue from operations at Rs 4,183 crore in the financial year 2021-22

Average daily domestic traffic increased by 1.65%, Oct upswing anticipated

Overall domestic demand remained high, with four out of six major carriers reporting load factors of over 90 per cent in September

Deeper, wider and lucrative: Decoding IndiGo's mega global flight plan

India's largest airline wants to be measured against global carriers, but it might want to keep an eye on Air India

Supreme Court likely to hear Jet Airways lenders plea on October 12

JKC is the successful bidder for Jet Airways