Page 22 - Aneesh Phadnis/workspace/business Standard Web/video

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

From fleet to marketing, Alliance Air plots strategy for life beyond AI

Experts point out that profitability will be a challenge for the airline especially in view of high fuel prices

Major rollout of 5G service only in FY24, Airtel tells investors

The Airtel management indicated this at an investor meet last week.

Air traffic likely to soar as regular foreign flights take wing after 2 yrs

Development marks end of air bubbles which came into being in mid-2020. Over 115,000 passengers flew in and out of India on 667 flights under this mechanism on Saturday

Airlines to operate 930 daily flights to 40 countries in summer schedule

This is around 22.5% lower than pre-Covid levels

Share issue to govt will happen fairly soon: Vi mgmt tells shareholders

Post issuance of the shares, the government is expected to hold around 35.8% stake in the company, as per company estimates

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

This is the second such prepayment by Airtel in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates

We plan to lease aircraft for short term to start US flights: Vistara CEO

In a Q&A, Vinod Kannan dwells on a range of issues including the impact of soaring ATF prices on his airline

Airline CEOs bat for lower taxes, better infra to tide over ATF price hike

They say 21% of an airline's revenue goes straight to govt by way of taxes; want improved processes in order to become hubs for global travel

SpiceJet, GMR group announce sustainable aviation fuel initiatives

Globally, International Air Transport Association has set a target for airlines to achieve net zero emissions by 2050

Indian airlines plan to add 110-120 planes a year: Jyotiraditya Scindia

At present, Indian airlines have a combined fleet of 710 aircraft, up from 400 eight years ago

Airbus expects Indian aviation mkt to grow in single digits for next 20 yrs

However,according to Airbus the Indian aviation market will grow faster than the global market

Govt to release new policy framework to deepen air connectivity in country

To release policy to incentivise small aircraft and helicopter operations

Holidaying abroad or dining out? Expect to shell out more this summer

A steep rise in the cost of services and consumables is prompting those in the restaurant, travel, and hotel business to revise their rate cards by 10-20% in the coming weeks

NCLT extends Jet Airways revival plan deadline till March 29

The deadline has been extended by a week to allow lenders to formulate their view on the consortium's application. The matter will now be heard on March 29.

Jet Airways revival: NCLT to hear Kalrock-Jalan application on Tuesday

The 270-day deadline given to the group to implemey its plan ends on Tuesday; the consortium wants certain days excluded from this time frame in view of another pending application

Domestic air traffic up 20% sequentially to 7.69 million in February

Airlines saw a sharp rebound in traffic with the decline of Covid cases and easing of restrictions

Committed to revival of Jet Airways, says Kalrock-Jalan consortium

The firm has to obtain the air operator certificate (AOC) from the Directorate General of Civil Aviation by March 22

Scaling new highs: ATF past Rs 100,000-mark for first time in history

Airlines unlikely to pass on Jet fuel price hike to customers

Kalrock-Jalan consortium seeks two more months to revive Jet Airways

Makes application to NCLT; Rising cost of reviving operations is already a bone of contention between consortium and lenders