Page 18 - Civil Aviation

Go First plans to avail Rs 600 crore loan under ECLGS for its operations

Budget airline Go First plans to soon avail Rs 600 crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS) for its operations amid rising air travel demand, according to a source. The source at the airline also said that promoters have infused around Rs 2,800 crore in the last 15 months which has helped the carrier tackle multiple headwinds, including due to the pandemic, travel curbs and higher fuel costs. To help the airline industry, which is on the recovery path after being significantly hit by the pandemic, the government, last month, modified the ECLGS by raising the limit of loan that can be availed by an entity to Rs 1,500 crore from Rs 400 crore earlier. The source said that so far, the airline has availed Rs 400 crore under the ECLGS. "We will be applying for Rs 600 crore under the ECLGS in the next few days. Banks like Central Bank, Bank of Baroda and IDBI are our lenders. We will be approaching them first to avail these funds," the source told PTI. Out of

Over 75 planes of Indian carriers grounded due to engine issues: Report

Aviation consultancy firm CAPA said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues. These planes, which account for around 10-12 per cent of the Indian fleet, are grounded due to maintenance or engine-related issues. "These will have a significant impact on financials in the second half," CAPA said in its India Mid-Year Outlook 2023 released on Tuesday. As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses. The capacity has been impacted by serious supply chain issues impacting current and future deliveries, it said, adding that these issues are likely to proliferate in the fiscal starting April 2023 which, in turn, will impact future deliveries, the report said. Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have

IPO delayed due to Ukraine-Russia war and Omicron wave: Go First

The firm's DRHP expired in August this year and it will need to refile its papers with Sebi to reinitiate the IPO process

Go First blames Covid-19, Pratt & Whitney as losses double in FY22

Go First said it has been sanctioned additional loans of Rs 1,142 crore in FY22 from its bankers

Akasa Air flight from Ahmedabad to Bengaluru cancelled on technical grounds

Passengers of the newly-launched Akasa Air had to face hardship on Tuesday as their flight from Ahmedabad to Bengaluru was cancelled on technical grounds at the last moment. This caused chaos at the airline's check-in counters with passengers demanding alternative flights to their destination, a passenger said. Akasa Air QP 1332 was scheduled to depart at 9.55 pm, but the airline informed the passengers that it was rescheduled at 10.55 pm, the passenger told PTI over phone. At 10.30 pm, they said that they have cancelled the flight due to some "technical" reasons, he said. "The airline said that we can fly on Wednesday at the same time. But it did not offer passengers food or hotel accommodation. It told us to take a refund or wait till tomorrow at the airport," the passenger alleged. An airline spokesperson confirmed that the fight was cancelled on the technical ground. "The flight has been cancelled due to technical reasons. The aircraft is grounded and being inspected. The ...

Seven killed as helicopter ferrying pilgrims crashes near Kedarnath

After the crash, the state civil aviation department suspended all the helicopter flights to Kedarnath

DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined

Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed the airline to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada to ascertain the presence of metal and carbon seat particles.

Adani aviation plan: A top airline may be shifted to Navi Mumbai airport

The commercial area at Mumbai airport is proposed to be increased from 28,000 square metres to 47,000 square metres

Sunil Bhaskaran may pilot Air India's arm after AirAsia India merger

Bhaskaran - a Tata Group veteran -- joined AirAsia India as its CEO and MD on November 15, 2018

Financial status of Indian airlines likely to remain under pressure: ICRA

The financial performance of Indian airlines is likely to remain under pressure in the near term, even as recovery in domestic passenger traffic has been healthy, said Corporate Rating firm ICRA

Govt to allow fractional ownership of business jets and helicopters

Fractional ownership of business planes and helicopters is akin to a timeshare holiday and will allow owners to fly a fixed number of hours per year based on their investment

ICAO agrees on net-zero emissions by 2050, India secures concessions

According to ICAO, the net-zero targets will rely on the adoption of new aircraft technologies, streamlined flight operations and the use of sustainable aviation fuels

SpiceJet deposits TDS, Form 16 to be issued to staff in a fortnight

Airline says significant portion of PF contributions of all employees is also being credited and the remaining amount will be released shortly

Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital

The consortium had 270 days to fulfil all criteria required for the plan's implementation

FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

The Finance Ministry's decision is likely to benefit financially-beleaguered airlines, such as SpiceJet, which have been looking for the Centre's assistance to run their operations

Vistara airlines commences daily Mumbai-Abu Dhabi flight operations

Full service carrier Vistara has inaugurated daily non-stop flights between Mumbai and Abu Dhabi as part of the airline's business expansion, its Chief Executive Officer Vinod Kannan has said. The inaugural Vistara flight from Mumbai took off at 19:10 Hours (IST) and arrived in Abu Dhabi at 2040 Hours on Saturday. The airline has been steadily strengthening our presence in the UAE and the rest of the Gulf region. We are excited to add Abu Dhabi to our growing international network. UAE's flourishing business, trade, and tourism make Abu Dhabi a perfect fit in our network. We are confident that travellers will appreciate the choice of flying India and South Asia's best airline on this route, said Kannan on Saturday during the operations launch. The airline, which is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines Limited, has a fleet of 53 aircraft and has flown more than 35 million customers since starting operations. Schedule of flights to/from Abu .

Malaysia-bound flight delayed after bomb hoax by passenger at IGI Airport

A Malaysia-bound flight on Friday was delayed over a false bomb alarm after a fight between two passengers on board the plane at the Indira Gandhi International Airport here, officials said. Seucrity agencies were alerted about the bomb call from the Malaysia Airlines's MH173 around 1 pm after which they thoroughly checked the flight, the officials said. The aircraft finally departed for Kuala Lumpur after a delay of two hours and 40 minutes and four passengers allegedly involved in the incident were handed over to the local police, they said. "A fight broke out between two passengers for keeping their bags in the overhead cabin of the aircraft. When one passenger asked the other what was in his bag, the other replied 'bomb'. The flight was then grounded as the pilot was informed about it and the pilot intimated the ATC (air traffic controller)," official sources told PTI. "A bomb threat assessment committee immediately probed the matter and the flight was put through checks after

GIFT city-based lessors likely to lease out 60-odd aircraft by March 2023

The 11 aircraft leased out of GIFT City to date include helicopters, regional aircraft, trainer aircraft and private jets

Flying on time: TCS-developed app powers AirAsia India's punctuality record

At No 3 in early 2022, the airline has topped the on-time performance for five straight months since April

ICAO calls on aviation regulators to productively engage with innovators

The International Civil Aviation Organisation (ICAO) called on aviation regulators to operate in creative ways to productively engage with innovators, according to a statement issued by the UN agency