Page 5 - Indian Aviation

Global aviation leasing body downgrades India in light of Go First case

With AWG's downgrade, it is probable that lessors will increase the aircraft leasing rates for Indian carriers

Can't interfere in dispute between Akasa Air and its pilots: DGCA

The DGCA "does not have any power or delegated authority to interfere in any employment contract," it said

Green deposits, corrosion on leased planes, Go First lessor tells Delhi HC

The Delhi High Court reserved its orders in three applications filed by aircraft lessors of the airline seeking permission to maintain their aircraft

SpiceJet completes payment of Rs 100 crore to KAL Airways Private Limited

The Delhi High Court on August 24 told CMD Singh to pay Rs 100 crore dues to Maran by September 10

Need clear chain of command to handle safety, DGCA tells Air India

The DGCA told the airline to remove this confusion so that there is a clear line of communication between the regulator, accountable manager and chief of flight safety

Growth fundamentals of aviation sector strong, no slowdown: Boeing India

Asserting that the Indian aviation sector's growth fundamentals are strong, aircraft maker Boeing has said that significant skilling of people to meet demand, rationalisation of fuel taxes and continued infrastructure investments will keep the growth going. Boeing, which has hundreds of aircraft on order from Indian carriers, has also announced various investments, including USD 100 million for training pilots in the country. Besides, it has maintenance training partnerships with partners for having enough skilled mechanics in India. "We see no slowdown (in India) and we continue to see very high load factors, extremely high rates of profitability amongst the airlines and we see extremely strong demand for aeroplanes as we have seen in some of the largest orders ever placed in the world. "Overall, we see that demand grows. We are also seeing significant advancements in infrastructure as new terminals come up... new greenfield airports come up...That is going to be a boon to Indian .

Go First to credit two months of salary in Sept: CEO Kaushik Khona

Go First has 2,198 employees on its payroll, of which 1,000 are serving their notice period. The airline has 103 captains, 26 co-pilots, and 374 cabin crew staff

Air India's accumulated losses at FY23-end estimated at Rs 14,000 crore

Air India's losses include write-offs on old planes and engines and those on account of AirAsia India

Go First refund case: NCLT issues notice to lenders, next hearing on Aug 7

CoC is a group of lenders that represent the interests of all stakeholders in the insolvency process

Aviation sector undertakes measures by ICAO for sustainable practices

The civil aviation ministry has advised all brownfield airports to work towards achieving 'carbon neutrality' and 'net zero', and to adopt carbon mitigation measures

DGCA okays Go First plan to resume flights on availability of interim funds

The regulator has asked the resolution professional (RP) to submit the proposed flight schedule in proportion with the available resources

TMS Ep470: GST, Gift City, mid & small-cap stocks, Cape Town Convention

What are the changes that GST needs? What does Google's fintech hub mean for Gift City? Is it time to sell mid, small-cap stocks? What is Cape Town Convention Bill? All answers here

Air India reports steepest on-time performance fall in June, shows data

Air India's OTP nosedived especially during June 11-15 when its average daily OTP fell below 50 per cent

Aviation emissions targets, net-zero goal in focus at Paris Airshow

Airlines are trying to purchase more SAF, which produces up to 80% fewer carbon emissions on a lifecycle basis than traditional jet fuel

Record plane orders raise stakes in India's aviation boom: Report

Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets

India to resolve disparity in global aircraft leasing rules, national laws

A resolution could help lessors to Go First airline reclaim their planes and fly them out of the country after the carrier filed for bankruptcy protection in May

India's newest airline Akasa Air looking to raise $75-100 mn for expansion

To raise the money, Akasa Air has approached potential investors which include PE firms and high-net-worth individuals

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi

India's aviation market offers diverse opportunities: Star Alliance CEO

India is a critical aviation market for growth with all kinds of opportunities and Air India is on a strong mission to overhaul its business, according to airlines' grouping Star Alliance's CEO Theo Panagiotoulias. Star Alliance, which has been in existence for more than 25 years, is a global grouping of 26 airlines, including Air India, Lufthansa, Singapore Airlines and South African Airlines. Sounding bullish about the revival of Air India, a long time member of the alliance, Panagiotoulias said the airline is on a "very strong mission" and has embarked on a major overhaul of its business. "India is a critical growth market and offers all kinds of opportunities," he told PTI in an interview here this week. He also emphasised that having Air India in the alliance is a huge piece of the puzzle of the global network. His comments also come against the backdrop of Air India group taking various measures to strengthen its operations, including placing a historic order for 470 planes

Go First lenders discuss revival plan; appoints new resolution professional

Lenders however have opted for a new resolution professional as Lal was selected by the Go First management