Page 7 - Indian Aviation

Go First crisis will not change Indian aviation's growth trajectory: Boeing

US aircraft maker Boeing on Friday said the crisis at Go First will not change the trajectory of the Indian civil aviation market in terms of growth and macro trends while legislative clarity on aircraft leasing aspects will provide more comfort to the lessors. India is the third largest as well as one of the fastest growing aviation markets in the world, and Indian carriers are expected to require more than 2,200 aircraft in the next 20 years. Against the backdrop of insolvency proceedings being initiated against cash-strapped Go First, Boeing India President Salil Gupte said it is "never a positive" when an airline runs into financial challenges because it takes a toll on the management, employees, all stakeholders and also puts a strain on the overall transport infrastructure. On whether the Go First crisis will have an impact on the bullish outlook for the country's aviation market, Gupte said he does not feel so and that growth will continue. "In generally, we don't feel that

TMS Ep431: Go First, Karnataka's economy, ONDC impact on Zomato, encryption

Which way are Go First and Indian aviation flying in? What's behind Karnataka's economic miracle? How will ONDC affect Zomato's valuations? What is end-to-end encryption? Answers here

TMS Ep431: Go First, Karnataka's economy, ONDC impact on Zomato, encryption

Which way are Go First and Indian aviation flying in? What's behind Karnataka's economic miracle? How will ONDC affect Zomato's valuations? What is end-to-end encryption? Answers here

Now lessors seek deregistration of additional 13 Go First planes

Go First which filed insolvency application has a fleet of 54 Airbus aircraft. Half of them have been grounded for months due to engine problems

NCLT sends notice to SpiceJet on lessor's insolvency plea, seeks reply

A two-member Principal bench of President Ramalingam Sudhakar and Member Avinash K Srivastava issued a notice to Spicejet to file their reply

Go First airline asks NCLT to pass urgent order on insolvency plea

Lessors have moved application to repossess aircraft during legal proceedings, says company's lawyer

DGCA issues notice to Go First, asks airline to stop selling tickets

'Why not cancel your licence?' regulator asks Go First which has filed for insolvency

Air India exploring collaboration with Apple in flight tech push

Carrier becoming one of largest iPad customers in India, says CEO

No-frills carrier Go First extends booking hold-up; NCLT plea today

Lenders' meeting on the crisis remains inconclusive, to resume today

Go First insolvency: Spot airfares rise on the airline's top routes

Go First's third busiest route was Delhi-Leh route where the airline was scheduled to operate 66 flights per week this month

Go First Airways files for insolvency, blames Pratt & Whitney engines

Aviation regulator DGCA on Tuesday issued a show cause notice to Go First after the airline decided to cancel flights for two days amid a severe financial crunch

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

Catch live updates from across the globe here

Bio-aviation committee discusses ways to reduce carbon emissions

A committee on bio-aviation turbine fuel programme, constituted by the petroleum & natural gas ministry, has submitted its report on promoting the use of clean fuel in aviation, the civil aviation ministry said on Friday, as it listed out various initiatives being taken to reduce carbon emissions. On Friday, the consultative committee of the civil aviation ministry, chaired by civil aviation minister Jyotiraditya Scindia discussed Sustainable Aviation Fuel (SAF) during a meeting that was attended by several Parliamentarians. The International Civil Aviation Organization (ICAO) is facilitating reduction of carbon emissions in civil aviation and its goals include achieving two per cent annual fuel efficiency improvement through 2050. India has committed to net zero by 2070 at COP26 to the United Nations Framework Convention on Climate Change (UNFCCC). "The Ministry of Petroleum & Natural Gas (MoPNG) has notified a National Policy on Bio Fuels 2018 to realise the goal of ...

Last 9 years have been transformative for India's aviation sector, says PM

Prime Minister Narendra Modi on Friday said the last nine years have been transformative for the country's aviation sector as existing airports were modernised, new airports built at a quick pace and a record number of people are flying. Modi made the comments while replying to a tweet by the civil aviation ministry on the completion of six years of the regional air connectivity scheme UDAN. Under the scheme, there are now 473 routes and 74 operational airports, heliports and water aerodromes. The first UDAN flight was operated between Shimla and Delhi on April 27, 2017. "The last 9 years have been transformative for India's aviation sector. Existing airports have been modernised, new airports have been built at quick pace and record number of people are flying. This enhanced connectivity has given a big impetus to commerce and tourism. #UDANat6," Modi said in a tweet. Domestic air traffic has been on an upward trajectory. Domestic airlines carried 375.04 lakh passengers during ...

Go First now open for partnerships; Wadias not exiting aviation biz

Wadia Group-owned Go First is open for partnerships but its promoters are not looking to exit from the loss-making aviation business, according to an airline source. The no-frills airline, beset with engine woes, is estimated to have incurred a loss of Rs 1,800 crore in 2022-23, and expects around Rs 600 crore fund infusion in the coming weeks, according to the source closely involved in the management of the carrier. The airline, which was cornering an 8-10 per cent market share for many months, saw it slipping to 6.9 per cent in March as a good chunk of its aircraft fleet remains grounded. We can obviously evaluate a good partnership but it does not mean that we are out to sell ... Indian aviation is getting a lot of traction, and there are some reports that some airlines, some entrepreneurs are looking at (investing in the airline segment), that is why we are happy to look at ( any investment proposal, the source told PTI. "But if somebody asks us whether we are open for ...

Flyers gone rogue can throw aircraft ops in peril, DGCA tells airlines

Directive comes after a spate of incidents; aviation regulator says pilots, cabin crew and airline execs have failed to take appropriate action against unruly passengers in recent past

AI urination case: Victim moves SC for guidelines on unruly behaviour

The victim in the Air India urination case has moved the Supreme Court seeking a direction to the Director General of Civil Aviation and airline companies to frame regulations to address incidents

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," ...

Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

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