Page 2 - Indian Aviation Market

Airfares down on some routes after aviation minister's meet but still high

At its highest, one-way fare for a Delhi to Leh flight in May stood at a whopping Rs 43,519, which is more than thrice the prices a year ago, Rs 14,334

Codeshare facility denied to United Airlines, Emirates; what does it mean

The decision is likely to hurt United Airlines which has been forced to stop its direct flights from New Delhi because of the closure of Russian airspace for US carriers

'Massive opportunities' in vibrant Indian aviation market, says IATA

There are "massive opportunities" in the vibrant Indian aviation market, the International Air Transport Association (IATA) Director General Willie Walsh said on Monday. Talking about the Indian market, he highlighted that there are CEOs of two Indian airlines on the Board of Governors (BoG) of IATA and it is the first time that has happened. "It reflects the opportunity and vibrancy... there are massive opportunities and we are really excited about the future of aviation in India," he told a media briefing on the sidelines of the IATA Annual General Meeting (AGM) here. Air India CEO and Managing Director Campbell Wilson and IndiGo CEO Pieter Elbers are among the 31 airline CEOs on the BoG. On Monday, IATA announced that Elbers will serve as Chair of the BoG from June 2024. India is one of the fastest growing aviation markets in the world and Air India has embarked on an ambitious expansion plan, while IndiGo is set to fly to more international destinations. Earlier this year, Ai

Railways cancel Memu train service to Bengaluru airport, passengers angry

This has added to the troubles of passengers who were already frustrated by long-traffic jams, cancellation of app-based cab services to and from the airport, and skyrocketing flight ticket prices

Troubled airline Go First extends cancellation of flights until June 4

Go First had blamed the non-delivery of engines by the US engine manufacturer Pratt & Whitney for its failure to operate

Go First flights to remain cancelled till May 30, full refund to be issued

"A full refund will be issued to the original mode of payment shortly," the letter read

Go First may be grounded, but IndiGo is in no hurry to expand capacity

According to company management, there is no change in the plan to add more aircraft, which was decided before Go First was grounded

Jet Airways looks into abyss as JKC fails to renew its flying permit

Air operator's permit (AOP) is a prerequisite for any airline to commence commercial operations

What makes the fight for India's 1.4 billion consumers a fixed match

"Big-5 grew not just at the expense of the smallest firms, but also of the next largest firms," Viral Acharya wrote

Go First employees in a lurch, look for employment at Air India, IndiGO

Go has been facing financial challenges for a long time now. Earlier, it had sent its employees on long unpaid leaves

LIVE: National Capital reports 259 fresh cases and 2 deaths in last 24 hrs

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Amid rising competition, Air India may reward talent with 8-10% salary hike

This is the first performance review of employees since the Tata Group took control of Air India

Go First may sue Pratt and Whitney over reliability issues in their engines

Go First asked for compensation for the malfunctioning engines that resulted in business losses, PW refused to pay the money, which resulted in a violation of the contractual agreement

Indian aviation market large enough to accommodate all players profitably

Indian aviation market is "large enough to accommodate all players profitably" and irrespective of what competitors do, the airline is focused on its strategies, leading Gulf carrier Emirates has said amid Air India ramping up its fleet and operations. Emirates, which operates only wide-body A380s and B777s, flies to nine Indian cities and operates 167 weekly flights to the country. A senior Emirates executive said the expansion of Air India might push airports to improve their services, which will be a positive development for all other airlines, Indian customers as well as the aviation and travel industries as a whole. "Air India flying to new international routes might also have a positive (effect) on Emirates. When a new route is operated by an airline, then that could result in increased traffic demand and the particular airline might not be able to cater to the demand. "As a result, the potential customers will look at other carriers and that can have a positive impact," ...

SpiceJet Q3 profit surges five-fold to Rs 107 crore as air travel grows

India's SpiceJet Ltd reported a nearly five-fold surge in third-quarter profit on Friday, as the embattled low-cost carrier benefited from soaring demand for air travel

SpiceJet board to consider fundraising to cover outstanding liabilities

SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company. The no-frills airline, which has been grappling with multiple headwinds, including legal woes, is looking to raise fresh capital through issuance of eligible securities to qualified institutional buyers. Besides, the carrier plans to issue equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, according to a filing to the BSE. Both plans will be taken up by the board of directors during its meeting scheduled for February 24. Specific details about the proposals could not be immediately ascertained. In December last year, SpiceJet Chairman and Managing Director Ajay Singh told shareholders that the company is engaged with investment bankers to raise up to USD 200 million in order to achieve its

Regional aviation looks to soar higher, carriers chart growth plans

Fly91 to enter airspace occupied by players like Alliance Air, Star Air, Flybig

Govt gives 'in-principle' approval to 21 greenfield airports across country

The government of India has accorded an 'In-principle approval' for the setting up of 21 Greenfield Airports across the country

Boeing says India is key nation for its sustainable aerospace programme

American plane maker Boeing on Sunday said India is a priority country for its ambitious programme to decarbonise aerospace globally from both the civilian and military aircraft and to chart a path toward a sustainable future. Brian, Boeing's Vice President for Global Sustainability Policy and Partnerships, said the company is confident of delivering commercial airplanes capable of flying on 100 per cent Sustainable Aviation Fuel (SAF) by 2030. "India is hugely important to Boeing and to our aviation business, but also to our sustainability journey. I think some of the commitments and potential that we see here in India to become self-reliant through the scaling of sustainable aviation fuel is really promising," he told PTI. In a significant global announcement, Boeing said last year that its commercial airplanes will be capable and certified to fly on 100 per cent sustainable aviation fuels by 2030. There has been growing deliberations globally on curbing carbon emissions from ...

Jet airways revival hits new snag as banks push back on funding

The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues